This is in reference to our earlier intimation dated 27 May, 2026, we wish to inform you that Maxim Industries Private Limited has been duly incorporated on 2 June, 2026 in which investment ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RDB Infrastructure And Power Ltd has informed the stock exchanges that Maxim Industries Private Limited, the company in which RDB had proposed to invest, has been formally incorporated on 2nd June 2026 by the Central Registration Centre, Ministry of Corporate Affairs. RDB will subscribe to 43,500 equity shares of Rs. 10 each, aggregating Rs. 4.35 lakhs, representing approximately 29% of the paid-up equity share capital of Maxim Industries. Maxim Industries proposes to engage in solar cell manufacturing, marking RDB's entry into the renewable energy sector. The transaction is a cash consideration, not a related party deal, and is being done at arm's length. As Maxim Industries is a newly incorporated entity, no turnover or financial history is available yet.
This is a small-ticket strategic investment (Rs. 4.35 lakhs only) by RDB into a newly formed solar cell manufacturing entity, so it has limited immediate financial impact on RDB shareholders. However, it signals the company's intent to diversify into the renewables space, which could be a value-add if the venture scales meaningfully in the future.