RDB Real Estate Constructions Limited: Key Personnel Changes and New Material Subsidiary

RDB Real Estate Constructions Limited, a prominent player in the real estate and infrastructure sector, has recently undergone significant corporate governance updates. The company's Board of Directors met on March 2nd, 2026, to formalize these changes, which include the authorization of key personnel and the designation of a new material subsidiary.

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. The authorized personnel are:

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

These key personnel can be contacted at the company's registered office located at Bikaner Building, 8/1 Lal Bazar Street, 1st Floor, Kolkata-700001. For further information, interested parties can reach out via telephone at 033 4450 0500 or email at [email protected].

In addition to the key personnel changes, the Board designated S.D. Infrastructure & Real Estate Private Limited as a material subsidiary of RDB Real Estate Constructions Limited. This designation is made under Regulation 16(1)(c) of SEBI Listing Regulations, expanding the company's portfolio of material subsidiaries to three entities. The other material subsidiaries are Raj Construction Projects Private Limited and RDB Jaipur Infrastructure Private Limited.

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, and the information is available on the company's website under general disclosures.

RDB Real Estate Constructions Limited also announced significant leadership changes. Independent Director Mr. Samprati Kamdar resigned on March 2nd, 2026, citing personal commitments. This resignation led to the reconstitution of the Audit Committee and Committee of Directors. Mr. Kamdar confirmed that there are no other material reasons for his resignation beyond those mentioned and expressed gratitude to the Board of Directors and management team for their support during his tenure.

The company also appointed Ms. Madhu Gupta as the new Company Secretary & Compliance Officer, replacing Ms. Surabhi Kumari Gupta, who resigned for career growth opportunities. Ms. Surabhi Kumari Gupta's tenure as Company Secretary ended on February 28, 2026. The Nomination & Remuneration Committee recommended Ms. Madhu Gupta's appointment, which was approved by the Board of Directors effective March 2nd, 2026.

Following Mr. Kamdar's resignation, the Board of Directors reconstituted both the Audit Committee and Committee of Directors, effective March 2nd, 2026. Mr. Ashok Kumar Jain, Non-Executive Independent Director, was appointed as a member of both committees to ensure continued governance and oversight.

These changes reflect RDB Real Estate Constructions Limited's commitment to strong corporate governance and the continuous improvement of its leadership structure. The company remains dedicated to transparency and regulatory compliance, ensuring that all stakeholders are informed of significant developments.