RDB Infrastructure & Power Limited has completed the conversion of 5,00,000 warrants into equivalent equity shares through a preferential allotment to the non-promoter category. The Board of Directors approved this conversion through a circular resolution passed on 20th January, 2026, pursuant to Regulation 30 of the SEBI Listing Regulations.

Warrant Conversion Details

The conversion involved 5,00,000 warrants being converted into equity shares of face value ₹1.00 each at a conversion price of ₹40.50 per warrant. The company received ₹1,51,87,500.00 as the balance amount, representing 75% of the issue price from the allottee upon exercise of conversion rights.

Allottee Information

The entire conversion was executed by a single investor in the non-promoter category. Punam Sarogi, who held 5,00,000 warrants, applied for conversion of all her warrants and received an equivalent number of equity shares upon payment of the balance amount.

Impact on Share Capital

Following this warrant conversion, the company's capital structure has been enhanced. The issued and paid-up capital now stands at ₹20,43,84,000.00, comprising 20,43,84,000 equity shares of ₹1.00 each. The newly allotted equity shares rank pari passu with the existing equity shares of the company.

Regulatory Framework

The warrant conversion was executed in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The original warrants were allotted on 27th November, 2024, carrying the right to subscribe to one equity share per warrant within 18 months from the allotment date. The warrants were initially issued at ₹40.50 each, with 25% of the issue price collected upfront and the remaining 75% collected upon conversion.

The company noted that it had undertaken a share subdivision with effect from 28th February, 2025, where one equity share of ₹10.00 face value was subdivided into ten equity shares of ₹1.00 face value each, which affected the number of warrants and their issue price proportionally.

RDB Infrastructure and Power Limited has announced its strategic entry into the solar energy sector through the acquisition of a majority stake in Solar Agro-Parks Private Limited. The company disclosed this development in a regulatory filing dated January 6, 2026, pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Board Approval and Transaction Timeline

The Board of Directors approved the proposal to subscribe to 70% of the equity share capital of Solar Agro-Parks Private Limited during their meeting held on December 8, 2025. The target company, Solar Agro-Parks Private Limited, was subsequently incorporated on December 31, 2025. However, the subscription amount towards the equity shares is yet to be infused.

Investment Details and Financial Structure

The acquisition involves specific financial parameters that demonstrate RDB Infrastructure's measured approach to this strategic investment:

Target Company Profile

Solar Agro-Parks Private Limited represents a focused investment in the renewable energy sector. The newly incorporated entity has an authorized capital of ₹10,00,000.00 divided into 1,00,000 equity shares of ₹10.00 each. The current paid-up capital stands at ₹1,00,000.00, comprising 10,000 equity shares of ₹10.00 each.

Strategic Rationale and Business Expansion

The acquisition forms part of RDB Infrastructure's strategic initiative to expand and diversify its business operations in the renewable energy sector. The company specifically identified solar energy as a focus area, with the investment connected to tender bidding processes. This move represents a significant diversification from the company's traditional business lines into the growing renewable energy market.

Regulatory Compliance and Disclosure

The transaction does not fall within related party transactions, and no promoter, promoter group, or group companies have any interest in the entity being acquired. The acquisition requires no specific governmental or regulatory approvals beyond standard compliance requirements. RDB Infrastructure has fulfilled all disclosure obligations under SEBI regulations, providing comprehensive details about the investment structure and strategic objectives.

This strategic investment positions RDB Infrastructure and Power Limited to participate in India's expanding solar energy sector while maintaining its commitment to diversified infrastructure development.