Investment27 May 2026, 06:52 pm
RDB Infra invests ₹4.35 Lakh in Maxim Industries
AI Summary
RDB Infrastructure And Power Ltd's board approved an investment in Maxim Industries Private Limited by subscribing to 43,500 equity shares of ₹10 each, totaling ₹4,35,000. The board also approved the audited financial results for the quarter and year ended March 31, 2026, with an unmodified opinion from the statutory auditor, LB Jha & Co. LLP. Additionally, the company allotted equity shares upon conversion of 1,36,50,000 warrants and forfeited 1,78,00,000 unexercised warrants.
Key Highlights
- RDB Infra invests ₹4.35 Lakh in Maxim Industries via equity subscription.
- Audited financial results for FY26 approved with an unmodified audit opinion.
- 1,36,50,000 warrants converted into equity shares, increasing paid-up capital to ₹22.36 Cr.
- 1,78,00,000 warrants forfeited due to non-exercise of conversion option.
- Equity shares sub-divided, with 1 share of ₹10 becoming 10 shares of ₹1.
Price Impact
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