Dhani Services promoter group increases equity stake through warrant conversions

Valerian Real Estate Private Limited and Calleis Infracon Private Limited, acting in concert with Sameer Gehlaut and Inuus Developers Private Limited, announced the acquisition of fully paid-up equity shares in Dhani Services Limited. This acquisition, disclosed on September 19, 2025, follows the conversion of previously issued convertible warrants on a preferential basis. The promoter group collectively converted 22.5 million warrants, resulting in 22.5 million fully paid-up equity shares for Valerian Real Estate and Calleis Infracon.

Each entity acquired 11.25 million equity shares, increasing Valerian Real Estate's direct holding to 1.77% and Calleis Infracon's direct holding to 1.77% of the total voting capital. After this acquisition, the promoter group's aggregate equity shareholding now stands at 200.8 million fully paid-up equity shares and 22.5 million warrants, representing a total voting capital of 31.58% and a diluted voting capital of 30.08%. The shares have a face value of Rs. 2/- each.

The total diluted capital/voting capital of Dhani Services Limited after the acquisition is Rs. 1,33,54,01,420 (comprising 667.7 million equity shares), reflecting the conversion of warrants and the inclusion of outstanding employee stock options. This substantial increase in promoter holding signals a reinforced commitment to Dhani Services.