RDB Infrastructure and Power Ltd has acquired 100% partnership interest in M/s Arankam Green Energy Solution for Rs 90 Lakhs to expand its presence in the renewable energy sector. The acquisition, finalized through a Partnership Interest Acquisition Agreement dated June 24, 2026, enables the company to develop a 6.3 MW solar power project located at Khta Mugal in Saharanpur, Uttar Pradesh. The transaction involves a cash consideration and is subject to the completion of customary closing actions and the amendment of the partnership deed.

The target entity, M/s Arankam Green Energy Solution, was incorporated on April 20, 2025, as a Special Purpose Vehicle (SPV) specifically for entering into long-term power purchase agreements for solar projects in India. The acquisition was not a related party transaction at the time of execution, though the firm will become a related party of RDB Infrastructure and Power Ltd post-completion. The move aligns with the company's strategic objective to participate in the green energy industry.

The primary objective of this acquisition is the completion and commercialization of the 6.3 MW renewable energy project. The project has been awarded under a Power Purchase Agreement with Uttar Pradesh Power Corporation Limited (UPPCL) and a Letter of Award issued by the Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA). No specific governmental or regulatory approvals were required for this acquisition.

Transaction Details

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Aman Sisodia, Company Secretary & Compliance Officer, signed the disclosure on behalf of RDB Infrastructure and Power Ltd.

RDB Infrastructure and Power Limited's board has approved a corporate guarantee for RDB Real Estate Constructions Limited to secure a loan facility of ₹17.75 Crore from Axis Bank. The board also approved the acquisition of land situated at Jharsuguda, Odisha, comprising an aggregate area of 1.56 acres. The guarantee constitutes a contingent liability for the company.

The decisions were taken at a board meeting held on June 16, 2026. RDB Real Estate Constructions Limited is a group company of RDB Infrastructure and Power Limited. The promoters and promoter group are common in both entities and have shareholding interests in both companies. Additionally, Mr. Sharad Bachhawat, Mr. Abhay Doshi and Mr. Ashok Kumar Jain serve as Independent Directors on the boards of both companies.

The Corporate Guarantee has been provided in the ordinary course of business and on an arm's length basis. The disclosures regarding the guarantee were made in terms of Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Details of the Guarantee

The company provided the following details regarding the transaction in its filing:

The meeting commenced at 03:30 P.M. and concluded at 03:57 P.M. on June 16, 2026.