RDB Infrastructure and Power has acquired a 49% partnership interest in M/s Arankam Green Energy Solution through a Reconstituted Partnership Deed executed on August 8, 2026. The move allows the company to complete and commercialize a 6.3 MW solar power project in Saharanpur, Uttar Pradesh, awarded under a Power Purchase Agreement with Uttar Pradesh Power Corporation Limited (UPPCL). The acquisition strengthens the listed entity’s presence in the renewable energy sector without involving related party transactions at the time of execution.

The transaction was disclosed pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Managing Director Shubham Vaidya confirmed that the Firm will become a related party following the execution of the deed. The registration of the Reconstituted Partnership Deed with the Registrar of Firms is a post-completion statutory formality currently underway.

Acquisition Details

The target entity, M/s Arankam Green Energy Solution, is a Special Purpose Vehicle (SPV) incorporated on April 20, 2025, specifically designed to secure long-term power purchase agreements for solar projects in India. The acquisition cost was ₹90,00,000 paid in cash. No governmental or regulatory approvals were required for this transaction.

Future Stake and Operational Impact

RDB Infrastructure and Power will acquire the remaining 51% partnership interest after the expiry of one year from the Commercial Operation Date (COD), as per the conditions of the PPA issued by Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA). The target firm’s turnover is not applicable due to its recent incorporation.

What the Numbers Show

The acquisition structure reflects a phased approach to capital deployment in renewable energy assets. By initially acquiring only 49% of the SPV for ₹90,00,000, the company limits upfront capital exposure while securing control over the commercialization of the 6.3 MW asset. The deferred acquisition of the remaining 51% stake ties the final ownership consolidation to the operational milestone of the Commercial Operation Date, aligning financial commitment with project execution risk.

RDB Infrastructure & Power has accepted the resignation of Aman Sisodia as Company Secretary and Compliance Officer, effective August 08, 2026. The departure, attributed to personal reasons, also sees Sisodia stepping down as the company’s Nodal Officer. This change in key managerial personnel requires disclosure under regulatory guidelines but does not indicate operational distress or strategic shifts within the infrastructure firm.

The resignation was formally communicated to the BSE Limited and The Calcutta Stock Exchange Limited on August 08, 2026. In his resignation letter dated August 07, 2026, Sisodia confirmed that there were no other material reasons for his departure beyond personal considerations. Consequently, he ceases to be a Key Managerial Personnel under Section 203 of the Companies Act, 2013.

Regulatory Disclosures

The company filed the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references SEBI Master Circular bearing Ref. No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The key details of the resignation are outlined below:

Impact on Corporate Governance

As per the filing, Sisodia’s exit means he will no longer serve as the Nodal Officer for the company. The Board of Directors, led by Managing Director Shubham Vaidya, acknowledged the receipt of the resignation letter. The company is required to submit the necessary forms to the Registrar of Companies to reflect this change in statutory records.

No immediate successor was named in the initial disclosure. The departure of a compliance officer is a routine corporate event, though it necessitates internal adjustments to ensure continuous adherence to listing obligations and corporate governance standards.