Appointment of Chief Financial Officer of the Company
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RDB Real Estate Constructions Ltd announced multiple board-level changes at its May 29, 2025 meeting. Mr. Bidyut Dey resigned as Chief Financial Officer effective May 31, 2025, citing pre-occupation as the reason. Mr. Harsh Jhunjhunwala, a Company Secretary with 15 years of experience in finance, accounts, corporate law, and direct/indirect tax, has been appointed as the new CFO effective June 1, 2025. Additionally, M/s. Garg Narender & Co., Chartered Accountants, have been appointed as Internal Auditors for FY 2025-26, and Ms. Prachi Todi, Practising Company Secretaries, has been appointed as Secretarial Auditor for five consecutive years (FY 2025-26 to FY 2029-30), subject to shareholder approval at the upcoming AGM.
This is a routine leadership transition at the CFO position with no governance red flags — the outgoing CFO resigned for personal reasons, and the incoming CFO brings relevant finance experience ensuring continuity. The appointment of new internal and secretarial auditors for an extended period suggests a focus on strengthening audit oversight going forward.