Ramdevbaba Solvent has increased its shareholding in its subsidiary, RBS Renewables Private Limited, by acquiring an additional 14% equity stake for a total consideration of ₹3.64 crore. The acquisition was approved by the Board of Directors during a meeting held on June 24, 2026. This strategic move will raise the company's total ownership in RBS Renewables from 50.82% to 64.82%, strengthening its control over the entity engaged in grain-based ethanol and biofuel manufacturing.

The transaction involves the purchase of 35,00,000 equity shares from existing shareholders. Post-acquisition, Ramdevbaba Solvent will hold 1,62,05,000 shares in RBS Renewables. The deal is classified as a related party transaction because the target entity is a subsidiary and Nilesh Suresh Mohata, Managing Director of Ramdevbaba Solvent, serves as a director on its board. The company secured prior approval from its Audit Committee, confirming the transaction was conducted at arm's length.

RBS Renewables Private Limited operates a 200 Klpd grain-based ethanol, biofuel, and ENA plant along with a 6 MW captive power plant. Incorporated on October 29, 2021, the entity reported a turnover of ₹196.85 lacs for the financial year 2025-26, compared to ₹25.26 lacs in the previous fiscal year and nil in FY 2023-24. The acquisition is intended to provide better control over the subsidiary.

The cost of acquisition totals ₹3,64,35,000, paid entirely in cash. The transaction is structured in compliance with Section 186 of the Companies Act, 2013. The company expects to complete the acquisition process within 30 days from the date of the board meeting.

Shareholding Details

The following table outlines the changes in Ramdevbaba Solvent's shareholding structure in RBS Renewables Private Limited:

The disclosure was made to the National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ramdevbaba Solvent Limited has shut its trading window for all designated persons and their immediate relatives effective June 20, 2026. The closure is intended to prevent insider trading and ensure compliance with regulatory standards ahead of a significant corporate announcement. The window will remain closed until 48 hours after the company declares the outcome of its board meeting.

The decision aligns with the Company's Code of Internal Procedures and Conduct for regulating, monitoring, and reporting trading by designated persons. It also adheres to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended by the SEBI (Prohibition of Insider Trading) (Amendment) Regulations, 2018.

Compliance and Communication

The company has formally communicated the trading restrictions to all designated persons, including Directors and Key Managerial Personnel. They have been strictly advised not to trade in the company's equity shares during the closure period. Prohibited activities include buying, selling, or pledging securities.

The intimation was submitted to the National Stock Exchange of India Ltd. (NSE Ltd.) on June 20, 2026. The filing was digitally signed by Nilesh Suresh Mohata, Managing Director of Ramdevbaba Solvent Limited.

Key Details