RLF Limited has allotted 13 lakh equity shares at ₹10.50 each on a preferential basis, totaling ₹1.365 Cr.

These shares were issued to Ashish Khanna and Aditya Khanna, both from the promoter group, in exchange for converting their outstanding unsecured loans into equity.

This move strengthens the company's balance sheet by reducing debt and increases the promoter group's overall shareholding from 34.68% to 42.44%, demonstrating their commitment.

The company's paid-up capital has also increased as a result.