DB Realty has allotted 6,45,75,000 Compulsory Convertible Preference Shares (CCPS) following shareholder approval on December 12, 2025. These shares, with a face value of ₹10 each, stem from a variation in terms of 6,45,75,000, 8% Redeemable Preference Shares (RPS) initially issued to Konark Realtech Private Limited. This allotment will not change the existing paid-up capital of the company, which stands at ₹539,20,44,310.
CCPS Allotment Details
Following a shareholder resolution passed on December 12, 2025, DB Realty has successfully allotted 6,45,75,000, 0.0001% Compulsory Convertible Preference Shares (“CCPS”). The face value of these shares is ₹10 each.
Background of the Allotment
The allotment arises from a variation in the terms of the existing 6,45,75,000, 8% Redeemable Preference Shares (“RPS”). These RPS were originally issued to Konark Realtech Private Limited, a Non-Promoter of the Company.
Conversion Details
The 6,45,75,000 CCPS allotted to KRPL will be converted into 32,02,330 fully paid-up equity shares. Each equity share has a face value of ₹10 and will be priced at ₹201.65, including a premium of ₹191.65 per share.
Impact on Capital
As the allotment is pursuant to variation in rights of RPS, the company’s existing paid-up capital, which is ₹539,20,44,310, remains unchanged.
Source: BSE
