Solar company-RDB Infrastructure & Power, allots 5,00,000 equity shares on conversion of warrants
DSIJ Intelligence-1Categories: Multibaggers, Trending
The stock has given multibagger returns of 117 per cent from its 52-week low of Rs 35 per share and a whopping 4,000 per cent in 5 years.
RDB Infrastructure & Power Limited has officially approved the allotment of 5,00,000 equity shares of face value Re 1 each to Ms Punam Sarogi under the "Non-Promoter Category," following the conversion of an equivalent number of warrants on a preferential basis. This conversion was triggered by the receipt of the remaining 75 per cent subscription amount, totalling Rs 1,51,87,500 at an issue price of Rs 40.50 per share (including a premium of Rs 39.5), in full compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Consequently, these new shares will rank pari passu with existing equity, and the company’s total paid-up capital has increased to Rs 20,43,84,000, represented by 20,43,84,000 equity shares.
Additionally, the Board of Directors of RDB Infrastructure and Power Ltd approved the acquisition of a 70 per cent equity stake in Solar Agro-Parks Private Limited. This move marks a strategic pivot into the renewable energy sector. Following the target entity's incorporation on December 31, 2025, the company is set to acquire 7,000 equity shares at Rs 10 each for a total cash consideration of Rs 70,000. This acquisition, which is not a related-party transaction, enables the company to diversify its portfolio and participate in solar energy tender bidding without requiring immediate regulatory approval.
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.
RDB Infrastructure and Power Limited (Formerly Known as RDB Realty & Infrastructure Limited) announced consolidated quarterly (Q2) and half-yearly results (H1) for the financial year 2026. In Q2FY26, the company reported net sales of Rs 18.50 crore and net profit of Rs 3.05 crore and in H1FY26, the company reported net sales of Rs 86.05 crore and net profit of Rs 5.77 crore.
The company has a market cap of over Rs 1,400 crore, with promoters holding 68.64 per cent stake, FIIs holding 2.22 per cent and the pubic owning 29.14 per cent stake. The stock has given multibagger returns of 117 per cent from its 52-week low of Rs 35 per share and a whopping 4,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.