RDB Infrastructure seeks approval for Shubham Vaidya as MD

RDB Infrastructure and Power has initiated a postal ballot process to seek shareholder approval for the regularization of Shubham Vaidya as Managing Director for a period of three years. The remote e-voting period is scheduled from June 7, 2026, to July 6, 2026, with the results expected to be announced on July 8, 2026. The appointment, effective from April 9, 2026, follows the cessation of Amit Kumar Goyal as the former Managing Director w.e.f. December 10, 2025. The company has submitted copies of the newspaper advertisement published in the Financial Express and Duranta Barta to the stock exchanges regarding this postal ballot notice.

Appointment Terms and Remuneration

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has proposed a monthly salary of ₹1,00,000 for Mr. Vaidya. The remuneration structure includes a minimum guaranteed payment clause, ensuring the salary is payable even in the event of loss or inadequacy of profits during any financial year of his tenure. However, he will not be entitled to any sitting fees for attending Board or Committee meetings. The resolution requires shareholder approval as a Special Resolution under the Companies Act, 2013.

Postal Ballot Schedule

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. Ms. Prachi Bhartia, a Practicing Company Secretary, has been appointed as the Scrutinizer to ensure the process is conducted fairly. The cut-off date for determining eligibility is May 29, 2026.

Event	Date and Time
Cut Off Date	May 29, 2026
Remote e-Voting Start Date	June 7, 2026 (09:00 A.M.)
Remote e-Voting End Date	July 6, 2026 (05:00 P.M.)
Result Date	July 8, 2026

Financial Performance

The explanatory statement accompanying the notice details the company's financial performance over the preceding three years. For the financial year 2025-26, the company reported a Total Income of ₹14,260.11 lakh and a Profit After Tax of ₹1,252.44 lakh. This represents an increase from the previous year's Profit After Tax of ₹553.71 lakh on a Total Income of ₹11,347.73 lakh.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.21%	-5.34%	-18.99%	-50.30%	-53.62%	+666.45%

RDB Infrastructure & Power Limited has completed an investment of ₹4,35,000 in Maxim Industries Private Limited by subscribing to 43,500 equity shares of ₹10 each, representing approximately 29% of the paid-up equity share capital. Maxim Industries Private Limited was incorporated on June 02, 2026, by the Central Registration Centre, Ministry of Corporate Affairs, to engage in the business of manufacturing solar cells in India. The transaction was undertaken on an arm's length basis and does not fall within the ambit of a related party transaction. No further governmental or regulatory approvals were required for this acquisition.

Strategic Objective

The investment is being made with the objective of participating in the renewable energy sector through solar cell manufacturing activities. The board approved the investment in Maxim Industries Private Limited at a meeting held on May 27, 2026. The acquisition was completed upon subscription and allotment of shares by Maxim Industries Private Limited.

Financial Performance

Separately, RDB Infrastructure and Power Limited reported strong financial results for the financial year ended March 31, 2026. The company posted a net profit of ₹1,252.44 crore, marking a 126% increase from ₹553.70 crore in the previous year. Revenue from operations for the year stood at ₹12,769.48 crore, up from ₹10,770.76 crore in FY25. For the quarter ended March 31, 2026, the company reported a net profit of ₹432.83 crore, compared to ₹115.98 crore in the corresponding quarter of the previous year. The key financial metrics are summarised below:

Metric:	FY26 (₹ in lakhs)	FY25 (₹ in lakhs)
Revenue from Operations:	12,769.48	10,770.76
Total Income:	14,260.11	11,347.73
Net Profit:	1,252.44	553.70
Earnings Per Share (Basic):	0.64	0.32

Capital Allocation

Alongside the Maxim Industries investment, the board also approved the conversion of 1,36,50,000 warrants into equivalent equity shares of face value Re. 1 each, upon receipt of ₹41,46,18,750, increasing the issued and paid-up capital to ₹22,36,59,000. Additionally, 1,78,00,000 warrants were forfeited due to non-exercise of the conversion option within the stipulated time.