The Board of Directors at its meeting held today i.e., 27 May, 2026 has approved the investment in Maxim Industries Private Limited (Proposed Company) by subscribing to 43,500 equity shares ....
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RDB Infrastructure and Power Ltd held its Board meeting on May 27, 2026, approving multiple matters. Financially, the company reported standalone net profit of Rs 12.52 crore for FY26 vs Rs 5.54 crore in FY25, with revenue from operations at Rs 127.69 crore. Auditors issued an unmodified opinion. An exceptional gain of Rs 2.49 crore was recorded from the Anjana Project slump sale. The board also approved subscribing to 43,500 equity shares (Rs 4.35 lakh) in Maxim Industries Private Limited, representing approximately 29% stake in a new company being incorporated to manufacture solar cells in India. Additionally, 1,36,50,000 warrants were converted into equity shares at Rs 40.5 per share, bringing the paid-up capital to Rs 22.37 crore. Separately, 1,78,00,000 warrants were forfeited due to non-exercise of conversion rights within the stipulated timeline.
Strong financial performance with doubling of net profit. The Rs 4.35 lakh investment in a solar cell manufacturing venture signals strategic diversification into renewables, though the quantum of investment is modest. The warrant conversion is dilutive to existing shareholders and the forfeiture of 1.78 crore warrants reduces future dilution risk.