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.

RDB Real Estate Construction Ltd has accepted the resignation of Mr. Harsh Jhunjunwala from the position of Chief Financial Officer effective June 24, 2026. The resignation, tendered due to personal and professional commitments, was accepted by the Board with immediate effect. This development impacts the company's senior leadership structure as the executive steps down from the key managerial role.

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Jhunjunwala has ceased to be a Key Managerial Personnel of the company in terms of Section 203 of the Companies Act, 2013, and Regulation 30(5) of the SEBI Listing Regulations. The company confirmed that there are no other material reasons for the resignation beyond those stated in his communication.

The following table outlines the details of the change in key managerial personnel:

The company has filed the necessary intimations with the stock exchanges. The information is also available on the company's website under the general disclosures section for Regulation 30. Mr. Pradeep Kumar Pugalia, Whole Time Director, signed the disclosure on behalf of RDB Real Estate Constructions Limited.