RDB Infrastructure and Power Limited has executed a shareholders agreement with Maxim Industries Private Limited and other shareholders to establish a solar cell manufacturing plant in Chhattisgarh. The agreement, dated June 24, 2026, outlines the company's strategy to expand its presence in the renewable energy sector. RDB Infrastructure and Power Limited currently holds a 29% equity stake in Maxim Industries Private Limited, with provisions to acquire an additional 42.50% stake upon the achievement of specified milestones.

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement involves Samvik Power Private Limited and Shank Investment Private Limited as the other shareholders. The primary objective of this collaboration is to set up and operate the manufacturing facility in the State of Chhattisgarh.

Key Terms of the Agreement

The shareholders agreement defines the governance structure and rights of the involved parties. RDB Infrastructure and Power Limited has secured the right to appoint an equal number of directors as Shank Investments Private Limited on the board. Initially, the board will comprise one nominee director from each of the three parties involved in the agreement.

Transaction Details

The transaction does not fall under related party transactions, and the parties involved are not related to the promoter or promoter group of RDB Infrastructure and Power Limited. The company confirmed that the agreement is not a related party transaction and is conducted at arm's length. The disclosure was submitted to the Bombay Stock Exchange Limited and The Calcutta Stock Exchange Limited on June 30, 2026.

RDB Infrastructure and Power Ltd has acquired 100% partnership interest in M/s Arankam Green Energy Solution for Rs 90 Lakhs to expand its presence in the renewable energy sector. The acquisition, finalized through a Partnership Interest Acquisition Agreement dated June 24, 2026, enables the company to develop a 6.3 MW solar power project located at Khta Mugal in Saharanpur, Uttar Pradesh. The transaction involves a cash consideration and is subject to the completion of customary closing actions and the amendment of the partnership deed.

The target entity, M/s Arankam Green Energy Solution, was incorporated on April 20, 2025, as a Special Purpose Vehicle (SPV) specifically for entering into long-term power purchase agreements for solar projects in India. The acquisition was not a related party transaction at the time of execution, though the firm will become a related party of RDB Infrastructure and Power Ltd post-completion. The move aligns with the company's strategic objective to participate in the green energy industry.

The primary objective of this acquisition is the completion and commercialization of the 6.3 MW renewable energy project. The project has been awarded under a Power Purchase Agreement with Uttar Pradesh Power Corporation Limited (UPPCL) and a Letter of Award issued by the Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA). No specific governmental or regulatory approvals were required for this acquisition.

Transaction Details

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Aman Sisodia, Company Secretary & Compliance Officer, signed the disclosure on behalf of RDB Infrastructure and Power Ltd.