Pursuant to Regulation 32(6) of SEBI (LODR) Regulation, 2015 read with Regulation 162A of SEBI (LODR) Regulation, 2018 we are enclosing the Monitoring Agency Report for the quarter ended ....
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RDB Infrastructure And Power Ltd has submitted the Monitoring Agency Report by Acuité Ratings and Research for the quarter ended September 30, 2025, covering funds raised through a preferential issue of share warrants of INR 277.93 Crores (private placement, November 2024). Out of the proposed amount, INR 182.06 Crores has been raised so far (warrants still being subscribed), of which INR 150.64 Crores has been utilized — INR 4.73 Crores during Q2 alone. Utilization is on track across most objects: debt repayment fully done (75 Cr), land purchase partially done (43.59 Cr of 50 Cr), working capital used (29.22 Cr of 50 Cr), and general corporate purpose at 1.90 Cr of 2.93 Cr. The investment in infrastructure/securities object (100 Cr proposed) remains almost untouched at just 0.93 Cr used. No deviations from the stated objects have been observed.
Positive signal for investors that the company is using raised funds as promised, with no deviations flagged by the monitoring agency. However, the large unutilized pool (INR 31.42 Cr) is parked in unsecured loans to several private entities and LLPs at 15–18% interest, which warrants attention on related-party and counterparty risk. Shareholders should note that the 100 Cr earmarked for infrastructure investment is barely deployed, which may raise questions on execution timelines for that objective.