Multibagger solar penny stock under Rs 50: Board approved Naar Projects Pvt Ltd incorporation; Company subscribing 2,600 shares for 26 per cent

DSIJ Intelligence-1 / 02 Sep 2025/ Categories: Multibaggers, Penny Stocks, Trending

Multibagger solar penny stock under Rs 50: Board approved Naar Projects Pvt Ltd incorporation; Company subscribing 2,600 shares for 26 per cent

The stock is up by 6.5 per cent from its 52-week low of Rs 36.13 per share and has given multibagger returns of 2,500 per cent in 5 years.

RDB Infrastructure and Power Limited has announced that its Board of Directors has approved the incorporation of a new company, Naar Projects Private Limited. This new entity will serve as a Special Purpose Vehicle (SPV) for the implementation of a specific project. RDB Infrastructure plans to acquire a 26 per cent equity shareholding in Naar Projects for Rs 26,000, making it an associate company. The proposed company will have an authorised capital of Rs 15 lakh and a paid-up capital of Rs 1 lakh.

The main business of Naar Projects Private Limited will be in the real estate industry, aligning with RDB Infrastructure's existing operations. This transaction is considered a related-party transaction, with the promoter/promoter group having an interest, though the share subscription will be done at an arm's length price. The entire initial share capital will be subscribed in cash to fund the new venture.

Earlier, the company entered into a joint development agreement with Bigbull Infrabuild Private Limited to construct a commercial/multi-storied retirement housing project on RDB's 2.8375-acre land in Gurgaon, Haryana. The partnership will operate on a revenue-sharing model, with RDB Infrastructure receiving 31.5 per cent and Bigbull Infrabuild receiving 68.5 per cent. Additionally, RDB Infrastructure completed a preferential allotment by issuing 250,000 equity shares to Nikhil Rawat and Kajal Rawat after they paid the remaining 75 per cent of the warrant issue price. This allotment has increased the company's paid-up capital to Rs 19.838 crore.

About the Company

RDB Infrastructure and Power Limited (formerly known as RDB Realty & Infrastructure Ltd), founded in 1981, is a prominent real estate & solar services-related company in India. With a strong presence in major cities like Kolkata, Mumbai, and Hyderabad, they specialise in both residential and commercial projects. Their portfolio includes high-rise apartments, integrated townships, office spaces, and shopping malls. The company is committed to quality and innovation, aiming to deliver exceptional living and working spaces. By focusing on customer satisfaction and sustainable development practices, RDB Realty & Infrastructure Ltd has established itself as a trusted name in the Indian real estate industry.

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According to Quarterly Results, the net sales increased by 120 per cent to Rs 67.56 crore and net profit increased by 186 per cent to Rs 2.72 crore in Q1FY26 compared to Q1FY25. In its annual results, the net sales increased by 60 per cent to Rs 107.71 crore and net profit increased by 105 per cent to Rs 5.54 crore in FY25 compared to FY24.

The stock’s 52-week high is Rs 62.68 per share and its 52-week low is Rs 36.13 per share. The company has a market cap of over Rs 600 crore, with promoters holding 70.28 per cent stake, FIIs holding 0.25 per cent and the pubic owning 29.47 per cent stake. The stock is up by 6.5 per cent from its 52-week low of Rs 36.13 per share and has given multibagger returns of 2,500 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.