Solar company-RDB Infrastructure & Power allots 56,25,000 equity shares on conversion of warrants

RDB Infrastructure and Power Limited, formerly known as RDB Realty & Infrastructure Ltd, has completed the allotment of 56,25,000 equity shares following the conversion of an equivalent number of warrants. The Board of Directors approved this move via a circular resolution, specifically targeting the "Non-Promoters Category" on a preferential basis. This conversion was triggered by receipt of the remaining 75 per cent of the issue price, totalling approximately Rs 17.09 crore, from the allottee, Sarwamangala Capital. These new shares carry a face value of Re 1 each and were issued at a total price of Rs 40.5 per share, which includes a premium of Rs 39.5, ensuring they rank pari passu with the company's existing equity.

As a result of this allotment, the company’s issued and paid-up capital has increased to Rs. 21,00,09,000, represented by over 21 crore equity shares. The warrants were originally issued in November 2024, with the allottee initially paying 25 per cent of the price (Rs 10.125 per warrant) to secure the subscription rights. By exercising the conversion right within the stipulated 18-month period and paying the balance of Rs. 30.375 per warrant, the investor has fully converted their holding, leaving no warrants pending for conversion from this specific tranche. This capital restructuring complies with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, strengthening the company's equity base for its ongoing operations.

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.

Financially, RDB Infrastructure has maintained steady momentum leading up to this expansion. For the first half of the 2026 fiscal year (H1FY26), the company reported net sales of Rs 86.05 crore and a net profit of Rs 5.77 crore. Specifically, in the second quarter (Q2FY26), net sales reached Rs 18.50 crore with a net profit of Rs 3.05 crore. These figures reflect the company’s operational capacity as it integrates new solar assets into its existing portfolio.

The company has a market cap of over Rs 900 crore, with promoters holding 68.30 per cent stake, FIIs holding 2.21 per cent and the pubic owning 29.49 per cent stake. The stock is up by 45 per cent from its 52-week low of Rs 35 per share and has given multibagger returns of 2,400 per cent in 5 years.

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