This is to inform you that pursuant to the approval of our Company dated 19.08.2025, a company has incorporated in the name ands style of NAAR Projects Private Limited and has become an ....
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RDB Real Estate Constructions Ltd has incorporated a new company called NAAR Projects Private Limited, in which it holds a 26% equity stake, making it an Associate Company. The newly formed entity operates in the real estate sector and was created as a Special Purpose Vehicle (SPV) to meet project tender requirements for implementation and execution of a specific project. RDB subscribed to 2,600 equity shares of Rs. 10 each, amounting to a total investment of Rs. 26,000, paid entirely in cash. The transaction was carried out at arm's length price, with the promoter/promoter group having interest in the transaction. NAAR Projects was incorporated on 16th September 2025 and has no prior financial history as it is newly formed.
The financial impact is minimal given the small capital contribution of Rs. 26,000 for a 26% stake, but the SPV structure suggests RDB is pursuing a new project win that required a dedicated vehicle, which could lead to future revenue opportunities for the company once project execution begins.