RDB Infrastructure and Power Limited's board has approved a corporate guarantee for RDB Real Estate Constructions Limited to secure a loan facility of ₹17.75 Crore from Axis Bank. The board also approved the acquisition of land situated at Jharsuguda, Odisha, comprising an aggregate area of 1.56 acres. The guarantee constitutes a contingent liability for the company.

The decisions were taken at a board meeting held on June 16, 2026. RDB Real Estate Constructions Limited is a group company of RDB Infrastructure and Power Limited. The promoters and promoter group are common in both entities and have shareholding interests in both companies. Additionally, Mr. Sharad Bachhawat, Mr. Abhay Doshi and Mr. Ashok Kumar Jain serve as Independent Directors on the boards of both companies.

The Corporate Guarantee has been provided in the ordinary course of business and on an arm's length basis. The disclosures regarding the guarantee were made in terms of Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Details of the Guarantee

The company provided the following details regarding the transaction in its filing:

The meeting commenced at 03:30 P.M. and concluded at 03:57 P.M. on June 16, 2026.

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.

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.