RDB Infrastructure And Power Ltd — Important, 01-09-2025: Company Update

RDB Infrastructure and Power has announced a board meeting that approved the incorporation of Naar Projects Private Limited. This new real estate entity will serve as a Special Purpose Vehicle, crucial for implementing and executing a new project as required by tender terms. The company will acquire a 26% equity stake in Naar Projects, investing Rs. 26,000. Naar Projects will have a proposed authorized capital of Rs. 0.15 Cr and paid-up capital of Rs. 0.01 Cr, becoming an associate company and a related party. This move enables the company to pursue new project opportunities.