Intimation wrt sale of shares of the Subsidiary Company
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RDB Real Estate Constructions Ltd has sold its entire 51,000 equity shares (face value Rs. 10 each) in its subsidiary RDB Bhopal Infrastructure Private Limited to RDB Infrastructure and Power Limited (a promoter group company listed on BSE and CSE) at Rs. 10 per share, for a total consideration of Rs. 5.10 lakh. The Share Purchase Agreement was executed on 27.09.2025, with demat transfer expected on 29.09.2025. After the sale, RDB Bhopal Infrastructure will no longer be classified as a subsidiary. Importantly, the sold subsidiary contributed nil to the company's turnover, revenue, income, and net worth as of 31.03.2025. The transaction is a related party deal but was conducted at arm's length based on an independent valuation.
Since the divested subsidiary had no contribution to revenue or net worth, the financial impact on shareholders is negligible. However, this is a related party transaction where shares of an inactive subsidiary were sold to the promoter group at nominal value, which may raise governance questions among minority investors.