RDB Real Estate Constructions Ltd

RDB Real Estate Constructions Limited has announced that its 8th Annual General Meeting (AGM) will be held on Monday, September 28, 2026, at 11:30 AM IST. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The company will separately send the Notice of AGM and the Annual Report for the year ended March 31, 2026, to the stock exchanges and its members. The cut-off date for e-voting eligibility has been set as September 21, 2026. Shareholders on record as of this date will be eligible for remote e-voting and voting at the AGM.

RDB Real Estate Constructions Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of funds raised through a Preferential Issue of Share Warrants. The report, issued by Brickwork Ratings India Private Limited, confirms no deviation in the utilization of these funds as per the stated objectives. The report has been reviewed by the Audit Committee and Board of Directors. The company also made available its standalone un-audited financial results for the quarter, showing a net loss of ₹14.2 million. The company has stated that the report will be available on its website.

RDB Real Estate Constructions Ltd announced its un-audited financial results for the quarter ended June 30, 2026. The Board of Directors approved the standalone and consolidated results, along with the limited review report from the statutory auditor. The company operates in a single segment, 'Real Estate'. The results were prepared in accordance with Indian Accounting Standards (Ind AS). Previous period figures have been re-arranged for classification consistency.

On a consolidated basis — the primary figure — RDB Real Estate Constructions reported revenue from operations of ₹39.48 Cr in Q1 FY27, up 98.9% YoY from ₹19.85 Cr but down 78.0% QoQ from ₹179.49 Cr (real-estate revenue recognition is lumpy and tied to project completion/possession, so the QoQ drop is not a run-rate signal). Consolidated net profit swung to a loss of ₹13.47 Cr, against a ₹0.34 Cr profit in Q1 FY26 and a ₹4.97 Cr loss in Q4 FY26 — the loss widened further sequentially. No exceptional items were booked in either period, so this is an operating-level swing, not a one-off. Total consolidated expenses of ₹54.07 Cr exceeded total income of ₹41.72 Cr; after a ₹0.10 Cr JV/associate profit share, PBT was -₹12.34 Cr, and a ₹1.13 Cr net tax charge widened the bottom line to -₹13.47 Cr. The auditors' limited review flags two subsidiaries (reviewed by another auditor, not the lead auditor) that alone posted revenue of ₹26.96 Cr and a net loss of ₹15.57 Cr for the quarter — larger than the group's entire reported loss. That implies the parent and remaining subsidiaries together were net profitable, by roughly ₹2.10 Cr, this quarter. Consolidated depreciation & amortisation more than tripled YoY to ₹4.30 Cr (from ₹1.30 Cr), consistent with the 10 June 2026 acquisition of a 74% stake in Avanir Wellness Resorts Private Limited adding to the consolidated asset and cost base. Standalone (parent-only) results tell a materially different story: PAT of ₹2.77 Cr, up from ₹0.23 Cr a year ago, on revenue of ₹7.50 Cr (vs ₹1.85 Cr) — readers should note this >3% divergence from the consolidated loss, since the drag sits entirely within subsidiaries, not the parent. Management gives no formal guidance on record, and no prior concall read exists in our records, so vsGuidance is unknown; a web search for street estimates on this micro-cap (BSE scrip 544346) returned no analyst coverage, so vsStreet is also unknown. The quarter also saw a CFO transition — Harsh Jhunjhunwala resigned June 24, 2026, and Partha Banerjee was appointed CFO on July 22, 2026 — alongside other board-approved key appointments; the filing itself offers no commentary tying this to the numbers. Going into Q2 FY27, the key markers are whether the two loss-making subsidiaries narrow their combined ₹15.57 Cr quarterly loss, how the newly consolidated Avanir Wellness Resorts stake affects depreciation and finance costs over a full quarter, and whether standalone profitability keeps diverging from the consolidated print.

RDB Real Estate Constructions Ltd has announced that its Board of Directors will convene on August 14, 2026. The primary agenda item is to consider and approve the Un-Audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The meeting will also include the review of the Auditor's Limited Review Report. The company has provided the meeting details and stated that the information will be available on their website.

RDB Real Estate Constructions Ltd announced that its Board of Directors, in a meeting held on July 22, 2026, approved several key appointments and authorizations. Mr. Partha Banerjee has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel. Mr. Ritik has been appointed as Company Secretary, Compliance Officer, Key Managerial Personnel, and Nodal Officer. Additionally, Mr. Pradeep Kumar Pugalia has been re-appointed as Whole-Time Director for a further period of five years, subject to member approval. The Board also authorized certain Key Managerial Personnel to determine materiality and disclose material events under SEBI regulations.

RDB Real Estate Constructions Ltd announced the appointment of Mr. Partha Banerjee as the Chief Financial Officer (CFO) and Key Managerial Personnel, effective July 22, 2026. The Board of Directors also approved the appointment of Mr. Ritik as Company Secretary & Compliance Officer and Nodal Officer. Additionally, Mr. Pradeep Kumar Pugalia was re-appointed as Whole-Time Director for five years, subject to member approval. Key managerial personnel were authorized to determine materiality and disclose events.

RDB Real Estate Constructions Ltd's Committee of Directors has approved an investment of 49% equity shares in a proposed Special Purpose Vehicle (SPV), Ashoka-RDB Infrastructure & Development Private Limited. The SPV, to be incorporated in India, will focus on developing a Gems & Jewellery Park under a Public Private Partnership (PPP) model in Raipur, Chhattisgarh. The investment amounts to ₹49,000, with RDB Real Estate subscribing to 4,900 equity shares of ₹10 each. The consideration is in cash, and the SPV is currently in the process of incorporation.

RDB Real Estate Constructions Ltd has announced the closure of its trading window from July 1, 2026, until 48 hours after the declaration of its un-audited financial results for the quarter ending June 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. During this period, all designated employees and their immediate relatives are prohibited from trading in the company's securities. The date of the board meeting to approve these financial results will be communicated separately. The company has also made this intimation available on its website.

RDB Real Estate Constructions Ltd announced the immediate resignation of Mr. Harsh Jhunjhunwala from his position as Chief Financial Officer (CFO). The resignation is due to personal and professional commitments, as stated in his email dated June 24, 2026. Consequently, Mr. Jhunjhunwala also ceases to be a Key Managerial Personnel. The company has accepted the resignation and expressed appreciation for his services. Further details are available on the company's website and in the enclosed annexures.