Rainbow Foundations Ltd , a prominent player in the real estate sector, has announced significant changes to its board of directors, effective September 30, 2025. The company has appointed two new directors, bringing fresh expertise and experience to its leadership team.

Appointment of Independent Director

Mr. Raghunathdogra Satishkumardogra, a distinguished former police officer, has been appointed as a Non-Executive Independent Director for a five-year term starting August 14, 2025. Mr. Satishkumardogra brings a wealth of experience to the board, with an impressive 31-year career in the Indian Police Service. He served in various ranks, rising from Assistant Superintendent to Director General of Police.

His academic credentials include an MA in English Literature and Linguistics, as well as a Post Graduate Diploma in Information Technology. Mr. Satishkumardogra's appointment was approved at the company's 31st Annual General Meeting (AGM) held on September 30, 2025.

New Executive Director

In another key appointment, Mr. Ashish Jain has joined the board as an Executive Director. Mr. Jain, who holds an MBA with expertise in Real Estate & Property Development, is the son of Mr. Gajraj Jain, the Joint Managing Director of Rainbow Foundations.

Board Reshuffle and Compliance

These appointments are part of Rainbow Foundations' efforts to comply with SEBI listing regulations and strengthen its corporate governance. The company's Nomination and Remuneration committee recommended both appointments, which were subsequently approved at the AGM.

Other AGM Proceedings

During the AGM, conducted through video conferencing, shareholders also approved several other resolutions:

1. Adoption of the audited Financial Statements for the year ended March 31, 2025.
2. Re-appointment of Mr. Gajraj Jain, who retired by rotation.
3. Appointment of Mr. Abishek Jain as the Secretarial Auditor for a period of 5 years.

Voting Results

All resolutions passed with an overwhelming majority, with over 99.99% of votes cast in favor of each resolution. The e-voting process was conducted under the supervision of Mr. Abishek Jain, a practicing Company Secretary.

Rainbow Foundations' board reshuffle and the strong shareholder support for these changes reflect the company's commitment to enhancing its leadership and maintaining robust corporate governance practices in the competitive real estate sector.

Rainbow Foundations Limited , a prominent real estate developer, has announced robust financial results for the first quarter of fiscal year 2026, demonstrating significant growth and improved performance across key metrics.

Strong Revenue Growth

The company reported a substantial 58% increase in total income from operations, reaching ₹5,034.12 lakhs in Q1 FY2026, compared to ₹3,185.65 lakhs in the same period last year. This impressive growth underscores the company's strong market position and effective execution of its business strategies.

Profitability Boost

Rainbow Foundations' net profit after tax saw a notable rise of 37%, climbing to ₹148.19 lakhs from ₹108.43 lakhs in the corresponding quarter of the previous year. This improvement in profitability reflects the company's focus on operational efficiency and cost management.

Earnings Per Share Improvement

The company's earnings per share (EPS) increased to ₹0.30 from ₹0.22, representing a 36.36% year-on-year growth. This enhancement in EPS indicates improved returns for shareholders and demonstrates the company's ability to generate higher profits.

Financial Position

As of the latest quarter, Rainbow Foundations maintained a stable equity share capital of ₹4,961.79 lakhs. The company's reserves stood at ₹3,058.95 lakhs, providing a solid financial foundation for future growth initiatives.

Operational Highlights

The Joint Managing Director expressed optimism about the company's growth prospects in the real estate sector. He attributed the improved performance to timely project execution and prudent cost management strategies implemented by the company.

Market Outlook

Despite a slight decrease in quarterly revenue compared to the previous quarter (₹5,034.12 lakhs in Q1 FY2026 vs ₹5,685.42 lakhs in Q4 FY2025), the year-on-year growth remains strong. This indicates that Rainbow Foundations is successfully navigating market challenges while maintaining its growth trajectory.

Rainbow Foundations Limited continues to demonstrate resilience and adaptability in the dynamic real estate market. With its focus on project execution and cost optimization, the company appears well-positioned to capitalize on opportunities in the sector and deliver value to its stakeholders.