RDB Infrastructure 20th AGM: all 5 resolutions passed with majority
- All 5 resolutions at RDB Infrastructure and Power's 20th AGM held on September 26, 2026 were passed with requisite majority
- A total of 104 members representing 13,58,91,824 equity shares participated in e-voting across resolutions
- For the material related party transaction (Resolution 3), votes of 2 members representing 1,69,71,000 equity shares were excluded as interested parties
- Resolutions covered adoption of FY26 financial statements, director retirement, related party transaction approval, loan/guarantee/security approval, and Cost Auditor remuneration ratification
- Voting results were submitted to stock exchanges by Managing Director Shubham Vaidya on September 27, 2026
*this image is generated using AI for illustrative purposes only.
RDB Infrastructure and Power Limited confirmed that all five resolutions at its 20th Annual General Meeting, held on September 26, 2026 via Video Conferencing, were passed with the requisite majority, as per the Scrutinizer's Report submitted on the same date.
The AGM, which commenced at 11:30 am and concluded at 12:20 pm, was attended by 50 members through video conferencing — 12 from the promoter and promoter group, and 38 from the public. The record date for voting eligibility was September 19, 2026, on which the total number of shareholders stood at 10,014. Remote e-voting was open from September 23 to September 25, 2026, and e-voting was also available during the AGM via the NSDL platform.
Key resolutions passed
The meeting transacted three ordinary and two special business items. The following table summarises the resolutions and their outcomes:
| Resolution | Description | Type | Result |
|---|---|---|---|
| 1 | Adoption of audited financial statements (standalone and consolidated) for FY26 | Ordinary | Passed |
| 2 | Retirement of Raju Singh (DIN: 09117852), Whole-Time Director; vacancy not to be filled | Ordinary | Passed |
| 3 | Approval for material related party transaction | Special | Passed |
| 4 | Approval to give loan, guarantee or security, or acquire securities of other body corporates | Special | Passed |
| 5 | Ratification of Cost Auditor remuneration | Ordinary | Passed |
Voting results in detail
A total of 104 members representing 13,58,91,824 equity shares cast their votes through e-voting across all resolutions. For Resolution 3 (material related party transaction), votes cast by 2 members representing 1,69,71,000 equity shares were excluded as the members were interested parties. The promoter and promoter group were noted as interested in Resolution 3.
The table below presents the consolidated voting data for each resolution:
| Resolution | Total votes polled | Votes in favour | Votes against | % polled on outstanding shares | % in favour |
|---|---|---|---|---|---|
| 1 | 13,58,91,824 | 13,58,91,581 | 243 | 60.7585 | 99.9998 |
| 2 | 13,58,91,824 | 13,58,91,569 | 255 | 60.7585 | 99.9998 |
| 3 | 11,89,20,824 | 11,89,20,569 | 255 | 53.1706 | 99.9998 |
| 4 | 13,58,91,824 | 13,58,91,569 | 255 | 60.7585 | 99.9998 |
| 5 | 13,58,91,824 | 13,58,91,569 | 255 | 60.7585 | 99.9998 |
The total outstanding shares across all categories stood at 22,36,59,000, comprising 14,87,04,570 shares held by the promoter and promoter group, 45,00,000 by public institutions, and 7,04,54,430 by public non-institutions.
Governance and scrutinizer details
The meeting was chaired by Rajeev Kumar, Chairperson and Whole-Time Director. CS Prachi Bhartia of Prachi Bhartia & Associates (Membership No. A53022, COP No. 22964) served as Scrutinizer, appointed by the Board on August 8, 2026. The Scrutinizer's report was issued to the company on September 26, 2026. Votes were unblocked on September 26, 2026 at around 1:43 pm in the presence of two witnesses, Harshvardhan Chaturvedi and Rohit Upadhyay, neither of whom is in the employment of the company. Managing Director Shubham Vaidya submitted the voting results to the stock exchanges on September 27, 2026.
Historical Stock Returns for RDB Infrastructure & Power
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.70% | -12.13% | -8.37% | -61.64% | -69.80% | +321.35% |
How will the departure of Whole-Time Director Raju Singh without a replacement impact RDB Infrastructure's operational leadership and strategic execution in the coming quarters?
What specific capital expenditure projects or debt obligations will be funded by the newly approved loans, guarantees, or securities acquisitions under Resolution 4?
What are the nature and financial magnitude of the material related party transaction approved in Resolution 3, and how does it affect minority shareholder value?
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