RDB Infrastructure & Power Invests ₹4.35 Lakh in Solar Cell Manufacturer Maxim Industries

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.97%	+0.68%	+10.49%	+0.20%	-15.03%	+1,000.44%

RDB Infrastructure & Power Limited (formerly known as RDB Realty & Infrastructure Limited) has entered into a Memorandum of Understanding (MoU) with Mecpower Solutions Private Limited on 16th May, 2026, for the execution of Engineering, Procurement, and Construction (EPC) works for a Solar Power Project located at Bikaner, Rajasthan. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the MoU

The agreement covers the development of a Solar Power Project with a capacity of 70 MW (AC) / 95 MW (DC), along with a 25 MWh Battery Energy Storage System (BESS). The EPC contract is valued at approximately Rs. 348.64 Crores. The following table summarises the key parameters of the order as disclosed:

Parameter:	Details
Awarding Entity:	Mecpower Solutions Private Limited
Nature of Contract:	EPC execution of Solar Power Project
Project Capacity:	70 MW (AC) / 95 MW (DC)
Battery Energy Storage:	25 MWh
Project Location:	Bikaner, Rajasthan
Contract Value:	Approximately Rs. 348.64 Crores
Domestic/International:	Domestic
Profit-Sharing Arrangement:	50:50 basis
Related Party Transaction:	No
Promoter/Group Interest:	No
Execution Timeline:	As per mutually agreed timelines and terms of the EPC Contract

Scope and Structure of the Agreement

Under the terms of the MoU, RDB Infrastructure & Power will undertake the procurement and execution of the EPC scope for the project. Both parties will jointly participate in the project on a 50:50 basis for profit-sharing. The order has been awarded by a domestic entity, and the company has confirmed that neither the Promoter, Promoter Group, nor Group Companies hold any interest in Mecpower Solutions Private Limited. The contract does not fall within the ambit of related party transactions.

Regulatory Disclosure

The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024. The communication was signed by Aman Sisodia, Company Secretary & Compliance Officer of RDB Infrastructure & Power Limited, and submitted to BSE Limited and The Calcutta Stock Exchange Limited on 16th May, 2026.