Memorandum of Understanding signed for share purchase in Maxim; stake to increase from 29% to 45%

RDB Infrastructure and Power Ltd signed a Memorandum of Understanding dated 6th October 2026 to buy shares of Maxim Industries from Samvik Power Private Ltd.

Tue 6 Oct 2026

Stake increase

29% to 45%

Cost of acquisition

Rs. 2,40,000/-

Consideration type

Cash consideration

Memorandum of Understanding for share purchase

• RDB Infrastructure and Power Limited (formerly known as RDB Realty & Infrastructure Limited) has entered into a Memorandum of Understanding dated 6th October 2026 for share purchase with Samvik Power Private Limited.
• The disclosure names RDB Infrastructure and Power Limited as the purchaser and Samvik Power Private Limited as the seller.
• Samvik Power Private Limited is described as one of the shareholders of Maxim Industries Private Limited.

What changes in the holding

• On completion of the purchase, the company's equity stake in Maxim Industries Private Limited shall increase from 29% to 45%.
• The stated purpose of the agreement is to increase the equity stake in Maxim Industries Private Limited.

Terms that were disclosed

• Consideration is cash consideration.
• Cost of acquisition and price at which the shares are acquired: Rs. 2,40,000/- (Rupees Two Lakh Forty Thousand only).
• Indicative time period for completion: upon the completion of share transfer and payment of consideration.
• The parties are stated to not be related to the promoter, promoter group or group companies, and the transaction is stated to not fall within related party transactions.
• Governmental or regulatory approvals required for the acquisition are stated as "Not Applicable".

Context of this update

• The letter refers to the company's earlier intimations dated 3rd June 2026 and 30th June 2026 regarding the investment in Maxim Industries Private Limited and the execution of a Shareholders' Agreement with Maxim Industries Private Limited and other shareholders of Maxim Industries Private Limited.
• This update is an update on that investment, recording an agreement for a further share purchase.

Points a retail reader may note

• The holding change is stated to take effect on completion of the share purchase, which the update links to the share transfer and payment of consideration.
• The stake move is from 29% to 45%, and the disclosed cost of acquisition is Rs. 2,40,000/-, paid in cash.

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