RDB Real Estate Constructions Limited Authorizes Key Personnel and Adds New Material Subsidiary

RDB Real Estate Constructions Limited has announced significant corporate governance updates through regulatory disclosures made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's Board of Directors convened on March 2nd, 2026, to authorize key personnel and formalize a new material subsidiary status. Key Managerial Personnel Authorization The Board of Directors authorized four Key Managerial Personnel to determine the materiality of events or information and make necessary disclosures to stock exchanges under Regulation 30 of SEBI Listing Regulations. This authorization aligns with the company's Policy for Determination of Materiality of Events or Information. Sl. No. Name Designation 1. Mr. Pradeep Kumar Pugalia Whole Time Director 2. Mrs. Neera Chakravarty Whole Time Director 3. Mr. Harsh Jhunjhunwala Chief Financial Officer 4. Ms. Madhu Gupta Company Secretary & Compliance Officer All authorized personnel can be contacted at the company's registered office at Bikaner Building, 8/1 Lal Bazar Street, 1st Floor, Kolkata-700001, with telephone number 033 4450 0500 and email secretarial@rdbrealty.com . Material Subsidiary Addition Under Regulation 16(1)(c) of SEBI Listing Regulations, S.D. Infrastructure & Real Estate Private Limited has been designated as a material subsidiary of RDB Real Estate Constructions Limited. This addition expands the company's portfolio of material subsidiaries. Parameter Details New Material Subsidiary S.D. Infrastructure & Real Estate Private Limited Regulation 16(1)(c) of SEBI Listing Regulations Total Material Subsidiaries Three companies Complete Material Subsidiary Portfolio Following this development, RDB Real Estate Constructions Limited now maintains three material subsidiaries: Raj Construction Projects Private Limited RDB Jaipur Infrastructure Private Limited S.D. Infrastructure & Real Estate Private Limited Board Meeting Details The board meeting that formalized these decisions commenced at 03:00 P.M. and concluded at 04:00 P.M. on March 2nd, 2026. The disclosure was signed by Mr. Pradeep Kumar Pugalia, Whole Time Director (DIN: 00501351), and the information has been made available on the company's website under general disclosures. RDB Real Estate Constructions Limited has announced significant changes to its board composition with the resignation of Independent Director Mr. Samprati Kamdar and subsequent reconstitution of key board committees. 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. Parameter: Details Director Name: Mr. Samprati Kamdar DIN: 09615765 Effective Date: March 02, 2026 Reason: Pre-occupation and personal commitments Confirmation: No other material reasons for resignation 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. 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 Position: Name Nature of Directorship Chairperson: Mr. Sharad Kumar Bachhawat Non-Executive Independent Director Member: Mr. Ashok Kumar Jain Non-Executive Independent Director Member: Mr. Pradeep Kumar Pugalia Executive Director Reconstituted Committee of Directors Position: Name Nature of Directorship Chairperson: Mr. Pradeep Kumar Pugalia Executive Director Member: Mr. Ravi Prakash Pincha Non-Executive - Non Independent Director Member: Mrs. Neera Chakravarty Executive Director Member: Mr. Ashok Kumar Jain Non-Executive- Independent Director Other Directorships and Commitments 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. Corporate Governance Impact The company emphasized that this transition aligns 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 reconstitution ensures continued compliance with applicable regulatory requirements under SEBI Listing Regulations. The board meeting to address these changes commenced at 03:00 P.M. and concluded at 04:00 P.M. on March 02, 2026. All relevant information has been made available on the company's website under general disclosures. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. 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