Rainbow Foundations Limited announced that its Board of Directors has approved the incorporation of a wholly owned subsidiary during their meeting held on February 02, 2026. The decision was communicated to the Bombay Stock Exchange under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Subsidiary Details

The new entity will be named Rainbow Foundations and Real Estates Private Limited and will operate in the real estate sector. The proposed company will have its registered office situated in Chennai, Tamil Nadu, India, with incorporation currently under process.

Investment Structure

Rainbow Foundations Limited will maintain complete control over the subsidiary through a significant equity investment. The parent company will subscribe to 99.99% of the initial paid-up share capital through cash consideration.

Regulatory Compliance

The incorporation process requires no specific governmental or regulatory approvals, streamlining the establishment of the new entity. The Board meeting, which commenced at 17:00 hours and concluded at 18:00 hours, was conducted in compliance with SEBI regulations.

Strategic Focus

The subsidiary will concentrate on real estate business operations, expanding Rainbow Foundations Limited's presence in the real estate sector. This strategic move represents the company's commitment to diversifying its business portfolio within the real estate domain through a dedicated subsidiary structure.

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.