This is to inform you that Board of Directors at its meeting held today ie. 29 August, 2025, considered and approved the appointment of cost auditor and allotment of 45,00,000 equity shares ....
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The Board of Directors of RDB Infrastructure And Power Ltd, at its meeting on 29 August 2025, approved two key items. First, M/s. Sohan Lal Jalan and Associates, Cost Accountants (FRN 000521), was appointed as the Cost Auditor of the Company for FY 2025-26, subject to shareholder approval at the next AGM. Second, the Company allotted 45,00,000 equity shares of Re. 1 each at Rs. 40.5 per share (including Rs. 39.5 premium) to two non-promoter entities — Ebisu Global Opportunities Fund Limited and Unico Global Opportunities Fund Limited (22.5 lakh shares each) — upon conversion of equal number of warrants on a preferential basis. The Company received Rs. 13.67 crore as the balance 75% warrant exercise price, following the initial 25% paid in November 2024. As a result, the paid-up equity capital of the Company has increased to Rs. 20.29 crore, comprising 20.29 crore equity shares.
The warrant conversion results in equity dilution for existing shareholders and brings in roughly Rs. 13.67 crore of fresh capital from non-promoter institutional investors. The cost auditor appointment is a routine compliance matter and should not affect the stock price materially.