Appointment of Internal Auditor
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The Board of Directors of RDB Real Estate Constructions Ltd approved four key changes at its meeting on 29th May 2025. Mr. Bidyut Dey resigned as Chief Financial Officer (CFO) effective end of business on 31st May 2025, citing pre-occupation as the reason. Mr. Harsh Jhunjhunwala, a Company Secretary with 15 years of experience in finance, accounts, corporate law, and taxation, has been appointed as the new CFO from 1st June 2025. M/s. Garg Narender & Co., Chartered Accountants, has been appointed as the Internal Auditor for FY 2025-26. Ms. Prachi Todi, Practising Company Secretary, has been appointed as the Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-2030, subject to shareholder approval at the upcoming AGM. The Company confirmed that none of the appointees are debarred by SEBI or any other authority.
The CFO transition appears orderly with a successor lined up immediately, limiting any operational disruption. The appointment of fresh internal and secretarial auditors for an extended period strengthens governance and audit oversight, which is generally viewed positively by retail investors.