RDB Infrastructure & Power Limited, a prominent player in residential and commercial real estate projects, has reported a significant increase in its financial performance for the quarter ended June 30. The company also announced key corporate governance updates, including the appointment of a new secretarial auditor.

Financial Highlights

The company's unaudited financial results for Q1 reveal remarkable growth in both revenue and profitability:

RDB Infrastructure & Power's net profit surged by 187.18% to ₹272.25 lakhs, compared to ₹94.80 lakhs in the same quarter of the previous fiscal year. The company's revenue from operations also saw a substantial increase of 120.04%, reaching ₹6,755.58 lakhs, up from ₹3,070.12 lakhs year-on-year.

Operational Highlights

A significant contributor to the company's revenue growth was the sale of the Anjana Project under a slump sale arrangement. This transaction generated ₹60 crore in revenue and yielded a profit of ₹2.49 crore.

Corporate Governance Updates

In line with its commitment to robust corporate governance, RDB Infrastructure & Power has made the following announcements:

1. Appointment of Secretarial Auditor: The company has appointed Ms. Prachi Todi as the Secretarial Auditor for a term of five consecutive financial years, from 2025-26 to 2029-30. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

2. Annual General Meeting: The 19th AGM of the company is scheduled for September 25, 2025.

3. Monitoring Agency Report: The company submitted a monitoring agency report confirming no deviation in the utilization of funds raised through the preferential issue of share warrants. Out of the total ₹277.93 crore raised, ₹145.92 crore has been utilized as of June 30, 2025.

Auditor's Review

L.B. Jha & Co., the company's statutory auditors, conducted a limited review of the financial results. They noted that the company recognized the income from the Anjana project as revenue from operations. However, the auditors suggested that only the differential amount (profit) should have been recognized under "Other Income" as the transaction does not represent income arising from the company's ordinary activities.

RDB Infrastructure & Power Limited continues to demonstrate strong financial performance and commitment to transparency in its operations. The company's strategic moves, including the sale of the Anjana Project and the appointment of a new secretarial auditor, reflect its focus on growth and corporate governance.

Investors and stakeholders will be keenly watching the company's performance in the coming quarters, as well as any further developments announced at the upcoming Annual General Meeting.

RDB Infrastructure and Power Limited (formerly known as RDB Realty & Infrastructure Limited) has made a significant move in the real estate market by executing a slump sale agreement for its non-agricultural leasehold land in Surat. The deal, valued at ₹60.00 crore, has caught the attention of investors, with the stock price opening 3% higher following the announcement.

Deal Highlights

Transaction Details

The company disclosed that the agreement was signed on April 14, 2025, with an expected completion date of October 13, 2025. This strategic move is part of RDB Infrastructure and Power Limited's efforts to enhance liquidity and maintain a strong cash position to support its operations and strategic objectives.

Financial Implications

According to the company's disclosure, the land being sold did not contribute to the turnover, revenue, income, or net worth during the last financial year. However, the influx of ₹60.00 crore is expected to provide the company with increased financial flexibility.

Market Response

The market has responded positively to this development, with the stock price opening 3% higher on the day of the announcement. This suggests that investors view the transaction favorably, possibly due to the potential for improved liquidity and strategic reallocation of assets.

Company Outlook

RDB Infrastructure and Power Limited, which reported a turnover of ₹67.84 crore and a net worth of ₹37.42 crore in the previous financial year ending March 31, 2024, states that the funds from this sale will allow them to:

1. Seize growth opportunities as they arise
2. Minimize risks associated with market volatility
3. Address potential unforeseen financial challenges

Regulatory Compliance

The company has assured that the transaction complies with all necessary regulations, including:

• Section 180(1)(a) of the Companies Act, 2013
• Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The sale was approved by the company's members through a special resolution passed at an Extra-Ordinary General Meeting held on March 29, 2025.

This strategic divestment by RDB Infrastructure and Power Limited represents a significant move in its asset management strategy, potentially setting the stage for future growth and financial stability.