RDB Real Estate Constructions Limited has secured a major infrastructure development contract in Chhattisgarh, marking a significant milestone in the company's expansion into wellness and recreational projects. The Kolkata-based real estate developer received the Letter of Award on March 20, 2026, for developing an Iconic Wellness Center at Nava Raipur Atal Nagar.

Project Details and Financial Terms

The awarded project encompasses the development of an Iconic Wellness Center at Plot LI/S39/B in Sector-39, Nava Raipur Atal Nagar. The comprehensive project details are outlined below:

The company's winning bid of INR 3330.00 per square meter represents a premium of INR 130.00 over the reserved land premium of INR 3200.00 per square meter, demonstrating competitive positioning in the tender process.

Payment Structure and Timeline

The Nava Raipur Atal Nagar Vikas Pradhikaran has outlined specific payment options for RDB Real Estate Constructions Limited:

The amounts mentioned above are calculated after deducting the Earnest Money Deposit (EMD) from the total accepted land premium. If the company opts for installment payments, it must furnish an irrevocable and unconditional bank guarantee for the balance land premium amount.

Lease Agreement Terms

The project operates under a comprehensive lease structure with the following key terms:

• Lease Duration: 30 years from the date of signing the lease agreement
• Extension Options: Two additional terms of 30 years each
• Annual Lease Rent: First year's rent must be deposited within 90 days
• Rent Escalation: Maximum 100% increase every 30 years
• Governing Regulations: Chhattisgarh Vishesh Kshetra (Achal Sampatti ka Vyayan) Niyam, 2008

Compliance and Execution Requirements

RDB Real Estate Constructions Limited must fulfill several compliance requirements within specified timeframes:

• Execute the lease agreement within 90 days of the Notice of Award
• Return signed copy of the Notice of Award within 7 days
• Deposit land premium and first year's annual lease rent within 90 days
• Failure to meet the 90-day deadline for lease agreement execution will result in additional charges of 2% per annum on the accepted land premium

The project represents a significant addition to RDB Real Estate Constructions Limited's portfolio, positioning the company in the growing wellness and recreational infrastructure segment in Chhattisgarh's planned city development.

RDB Real Estate Constructions Limited has announced significant changes in its leadership structure with the resignation of Independent Director Mr. Samprati Kamdar and the appointment of a new Company Secretary & Compliance Officer. The company communicated these developments to BSE Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Independent Director Resignation

Mr. Samprati Kamdar (DIN: 09615765) tendered his resignation from the position of Independent Director effective from the close of business hours on March 02, 2026. The resignation was attributed to his pre-occupation and other personal commitments. As a consequence of his departure, Mr. Kamdar also ceased to be a member of the Audit Committee and Committee of Directors.

In his resignation letter, Mr. Kamdar confirmed that there are no other material reasons for his resignation beyond those mentioned. He expressed gratitude to the Board of Directors and management team for their support during his tenure and wished the company continued success and prosperity.

Company Secretary Changes

The company also announced changes in the Company Secretary position. Ms. Surabhi Kumari Gupta (Membership No.: A75132) resigned from her position as Company Secretary & Compliance Officer with effect from the closure of business hours on February 28, 2026, citing pursuit of enhanced career growth opportunities.

Subsequently, based on the recommendation of the Nomination & Remuneration Committee, the Board of Directors approved the appointment of Ms. Madhu Gupta (Membership No. A79620) as the new Company Secretary & Compliance Officer with effect from March 02, 2026.

Board Committee Reconstitution

Following Mr. Kamdar's resignation, the Board of Directors reconstituted both the Audit Committee and Committee of Directors effective March 02, 2026. Mr. Ashok Kumar Jain, Non-Executive Independent Director, was appointed as a member of both committees to replace Mr. Kamdar.

Reconstituted Audit Committee

Reconstituted Committee of Directors

Other Directorships and Corporate Governance

As per the disclosure requirements, Mr. Samprati Kamdar holds directorships in other listed entities including BFM Industries Limited and NTC Industries Limited as an Independent Director. He also serves as Chairman of Audit, Nomination & Remuneration Committee and Stakeholders Relationship Committee at BFM Industries Limited.

The company emphasized that these transitions align with its commitment to maintaining high standards of governance and independence at the Board level. Management stated that the changes will have no impact on the company's operations, business, or performance. The board meeting to address these changes commenced at 03:00 P.M. and concluded at 04:00 P.M. on March 02, 2026.