Radhe Developers (India) Limited appointed Ms. Parul Rajesh as an additional non-executive independent director on September 3, 2026. The appointment is subject to shareholder approval at the next general meeting.

The Board of Directors approved the move based on a recommendation from the Nomination and Remuneration Committee. Ms. Rajesh holds a Master of Science in Physics and brings over 32 years of professional experience in finance, financial services, customer relationship management, and sales.

Resignation of Independent Director

The board also noted the resignation of Mr. Dineshsingh Kshatriya from his role as independent director. His resignation takes effect at the close of business hours on September 7, 2026.

Mr. Kshatriya cited professional commitments elsewhere as the reason for stepping down, stating he would not be able to devote adequate time to his duties. He confirmed there are no other material reasons for his departure.

The company expressed appreciation for Mr. Kshatriya’s contributions during his tenure. He does not hold any other directorships in listed entities.

Regulatory Compliance

Ms. Rajesh has submitted declarations confirming her independence under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. She is not debarred from holding office by SEBI or any statutory authority.

The board meeting commenced at 2:30 pm and concluded at 3:15 pm. Detailed disclosures regarding these changes were filed with the BSE Limited in accordance with Regulation 30 read with Schedule III of the SEBI LODR Regulations, 2015.

Radhe Developers (India) Limited has been fined ₹51,920 by BSE Limited for failing to comply with regulatory disclosure norms. The penalty stems from a breach of Regulation 19 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The exchange issued the order on August 25, 2026, citing specific lapses in the constitution of the Nomination and Remuneration Committee. The company disclosed the imposition of the fine in a communication to the stock exchange on August 26, 2028, adhering to Regulation 30 of the SEBI LODR Regulations.

Penalty Breakdown

The total fine includes Goods and Services Tax at 18%. The structure of the levy is detailed below:

Company Response

Radhe Developers stated it is examining the matter and the basis for the levy. The management specifically noted the alleged non-compliance relates to the committee constitution requirements under Regulation 19.

The company affirmed that the fine has no material impact on its financial, operational, or other activities. The disclosure was signed by Khyati K. Patel, Company Secretary and Compliance Officer.