RDB Infrastructure & Power Limited has responded to an inquiry from BSE Limited regarding significant movement in its equity share prices, confirming compliance with disclosure requirements and attributing the price fluctuations to market forces beyond the company's control.

BSE Inquiry and Company Response

The clarification came in response to BSE's email dated March 12, 2026, which questioned the significant movement in RDB Infrastructure and Power Limited's equity shares. The exchange's inquiry, bearing reference number L/SURV/ONL/PV/APJ/2025-2026/3427, sought explanation for the notable price behavior observed in the company's stock.

Regulatory Compliance Confirmation

RDB Infrastructure and Power Limited emphasized its commitment to regulatory compliance, stating that the company has been consistently making timely and appropriate disclosures of all material information. The company confirmed adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions.

The company specifically stated that there are no pending announcements, information, events, or developments that would have a material or price-sensitive impact on its equity shares requiring disclosure to the exchange.

Market Dynamics and External Factors

The company attributed the equity share price movement to market dynamics and factors beyond its control. RDB Infrastructure and Power Limited noted that its shares are freely traded on the exchange, making them subject to various market influences.

The company also highlighted broader external factors that may influence stock price movements:

• Macro-economic conditions
• Global geopolitical developments
• International events including conflicts between nations
• Middle East developments
• Russia-Ukraine conflict

These factors, according to the company, can influence overall investor sentiment and market behavior, consequently impacting stock price movements across the market.

Corporate Information

The clarification was signed by Aman Sisodia, Company Secretary & Compliance Officer, and submitted to BSE Limited's Department of Corporate Services. RDB Infrastructure and Power Limited, formerly known as RDB Realty & Infrastructure Limited, is headquartered in Kolkata and operates under CIN number L68100WB2006PLC110039.

RDB Infrastructure & Power Limited has completed the conversion of 56,25,000 warrants into equivalent equity shares on February 25, 2026, marking a significant capital restructuring milestone. The Board of Directors approved the conversion through a circular resolution, following receipt of the balance warrant exercise amount from the allottee.

Warrant Conversion Details

The conversion involved warrants originally allotted on November 27, 2024, to the Non-Promoter Category on a preferential basis. The company received Rs. 17,08,59,375 as the balance amount, representing 75% of the issue price at Rs. 40.5 per warrant.

Capital Structure Impact

Following the warrant conversion, RDB Infrastructure and Power Limited's capital structure has been significantly enhanced. The issued and paid-up capital increased to Rs. 21,00,09,000, consisting of 21,00,09,000 equity shares of Re. 1 each.

Warrant Exercise Process

The warrant conversion followed a structured two-stage payment process. Initially, warrant holders paid 25% of the issue price at Rs. 10.125 per warrant during the original allotment. The recent conversion required payment of the remaining 75% at Rs. 30.375 per warrant, completing the exercise process.

Regulatory Compliance

The conversion was executed in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and reported under Regulation 30 of SEBI Listing Regulations. The company provided comprehensive disclosures as required by SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Share Subdivision Context

The warrant numbers reflect the impact of a share subdivision undertaken by the company, where each equity share of Rs. 10 face value was subdivided into 10 shares of Re. 1 face value each, effective February 28, 2025. This subdivision proportionally increased the number of warrants and adjusted their issue price accordingly.