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 and Power reported a consolidated net profit of ₹4.43 crore for the quarter ended June 30, 2026, marking a 63% increase from ₹2.72 crore in the corresponding period of the previous fiscal year. This bottom-line growth was achieved despite a 22% decline in standalone revenue, highlighting significant improvements in operational efficiency and cost discipline within the group’s infrastructure projects.

The Board of Directors approved the unaudited financial results on August 8, 2026, during a meeting held in Kolkata. The statutory auditor, L.B. Jha & Co. LLP, issued a limited review report confirming that the statements comply with Ind AS 34 and SEBI Listing Obligations Regulations. Additionally, the Board appointed Shubham Vaidya, Managing Director, as the Nodal Officer for the Investor Education and Protection Fund Authority effective August 9, 2026, in compliance with Rule 7(2A) of the IEPF Rules, 2016.

Financial Performance

Consolidated expenses totaled ₹28.09 crore in Q1FY27, down from ₹69.23 crore in Q1FY26, primarily due to lower construction activity costs and favorable inventory adjustments. Other income contributed ₹4.62 crore to consolidated totals, while finance costs remained minimal at ₹0.67 crore. The group recorded no significant exceptional items or tax burdens beyond current income tax provisions.

Standalone revenue declined to ₹6.78 crore from ₹8.73 crore in Q1FY26, but profitability improved due to reduced employee benefit expenses and lower depreciation charges. Total standalone income was ₹33.04 crore, with other income accounting for ₹4.62 crore. Tax expense remained negligible at ₹0.51 lakh, supporting margin expansion.

What the Numbers Show

The divergence between standalone revenue decline and profit growth highlights cost discipline and operational efficiency gains. While top-line contraction suggests softer domestic project execution, bottom-line improvement indicates better expense control and possibly favorable mix shifts toward higher-margin activities. Consolidated figures reveal robust growth driven by subsidiary contributions, particularly in infrastructure projects where revenue visibility has strengthened.

No dividend was declared for the quarter. The company continues to operate as a single segment under Ind AS 108, with segmental reviews deferred until year-end based on internal reporting frameworks. Comparative figures for Q1FY25 are unavailable as consolidated reporting began only in September 2025.