RDB Real Estate Constructions Limited has appointed Mr. Partha Banerjee as Chief Financial Officer (CFO) and Mr. Ritik as Company Secretary & Compliance Officer effective July 22, 2026. The board also approved the re-appointment of Mr. Pradeep Kumar Pugalia as Whole Time Director for a five-year term starting August 2, 2026, subject to shareholder approval. These leadership changes aim to strengthen the company's governance framework and operational oversight.

The appointment of Mr. Partha Banerjee as CFO and Key Managerial Personnel was based on the recommendations of the Nomination & Remuneration Committee and the Audit Committee. A qualified Chartered Accountant with over 35 years of experience in finance, accounts, taxation, and corporate governance, Mr. Banerjee brings extensive expertise in financial management and statutory compliances. He holds a Master's degree in Commerce and is certified by the Indian Institute of Corporate Affairs as an Independent Director.

Simultaneously, the board appointed Mr. Ritik as Company Secretary & Compliance Officer and Key Managerial Personnel. An Associate Member of the Institute of Company Secretaries of India, Mr. Ritik has a strong foundation in corporate law and compliance. He has also been designated as the Nodal Officer for the Investor Education and Protection Fund Authority, responsible for verifying claims and coordinating with the authority.

The board re-appointed Mr. Pradeep Kumar Pugalia as Whole Time Director for a further period of five years effective August 2, 2026. With over 25 years of experience in the real estate and construction sector, Mr. Pugalia has been supervising the company's operations and marketing for the past 12 years. His re-appointment is subject to the approval of the members at the ensuing Annual General Meeting.

In addition to these appointments, the board authorized specific Key Managerial Personnel to determine the materiality of events and make necessary disclosures under Regulation 30 of the SEBI Listing Regulations. The authorized personnel include Mr. Pradeep Kumar Pugalia, Mrs. Neera Chakravarty, Mr. Partha Banerjee, and Mr. Ritik.

RDB Real Estate Constructions Limited has approved the incorporation of a Special Purpose Vehicle (SPV) to develop a Gems & Jewellery Park in Raipur, Chhattisgarh. The company's Committee of Directors sanctioned the investment on July 13, 2026, allowing the firm to acquire a 49% stake in the new entity, Ashoka - RDB Infrastructure & Development Private Limited. The project will be undertaken under a Public Private Partnership (PPP) mode at Krishi Upaj Mandi, Mandi Road, Pandri.

Investment Details

The investment involves a cash consideration of ₹49,000 for the subscription of shares. RDB Real Estate Constructions Limited will subscribe to 4,900 equity shares, each with a face value of ₹10. This subscription represents 49% of the total paid-up share capital of the proposed company.

The following table outlines the key financial details of the investment:

Regulatory Disclosures

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The document notes that the holding company of the incorporated SPV is Ashoka Buildcon Limited, which has no relation to the listed entity.