RDB Infrastructure And Power Ltd

Issue Overview

• Type: Private placement; securities: share warrants.
• Total issue size reported; no undersubscription or revision observed.
• Main objectives: debt repayment, capex, working capital, acquisitions, and general corporate purposes.

Utilisation of Proceeds

• Utilisation is as per the offer document; no deviation observed.
• Debt repayment: fully utilised.
• Land capex: partially utilised; 2.83 Cr unutilised.
• Infra/other investments: partially utilised; 33.20 Cr idle; Odisha land; Maxim and Mec Power.
• Working capital: utilised; end-quarter funds fully utilised.
• GCP: fully utilised.
• Unutilised funds at quarter end: 36.03 Cr; deployed as loans and fixed deposits.
• Deployment: 35.37 Cr loans, 0.66 Cr fixed deposits.

Governance and Compliance

• Approvals: not applicable; no statutory approvals required for objects.
• Material events: Odisha land acquisition and hotel-related investments; no adverse events.
• Audit committee: utilisation aligned with disclosed offer document.
• Other information: None.

GCP

• GCP fully utilised by December 2025.
• Board approval for GCP allocation not stated.

Regulatory compliance update

• Certificate under Reg 74(5) SEBI Depositories Regulations received for quarter ended 30 June 2026.
• RTA confirms dematerialisation receipts accepted/rejected; securities listed on exchanges.
• Dematerialised certificates mutilated and cancelled; depository names substituted in share register.
• Notified NSDL and CDSL as depositories for the quarter.

Shareholders agreement and stake milestone

• Execution of Shareholders Agreement dated 24 June 2026 with Maxim Industries Private Limited and other Maxim shareholders.
• Upon milestones, RDB to acquire 42.50% stake in Maxim Industries Private Limited.
• Current holding in Maxim is 29% equity; post-acquisition stake would be 71.50%.
• RDB has right to appoint an equal number of directors as Shank Investments Private Limited.
• Initial board to have 1 nominee director from each of the three parties.
• Annexure A provides parties, structure, and governance terms; related party disclosures noted as Not Applicable.
• Disclosures mention no issuance price or class details at this stage.
• Purpose is to establish and operate a solar cell plant in Chhattisgarh.