This is to inform you that the Board of Directors at its meeting held today i.e., 01 September, 2025 has approved the incorporation of Naar Projects Private Limited (Proposed Company) and ....
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Awaiting price reaction for this filing.
RDB Infrastructure And Power Ltd's board has approved incorporating a new company called Naar Projects Private Limited as a Special Purpose Vehicle (SPV). The SPV is being set up because the terms of a project tender required a separate entity to implement and execute the project. RDB will hold a 26% equity stake (2,600 shares of Rs. 10 each, totalling Rs. 26,000) in the proposed company, making it an associate company. The proposed SPV will operate in the real estate sector with an authorised capital of Rs. 15 lakhs and will be a related party, with the promoter group having interest in the transaction at arm's length pricing.
This is a routine SPV formation tied to a specific project tender requirement and involves a small cash outlay, so it is unlikely to materially affect the stock price. Investors should note it signals the company has secured or is pursuing a real estate project requiring an SPV structure, which could translate into future revenue once the project executes.