Appointment of Secretarial Auditor
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of RDB Real Estate Constructions, at its meeting on 29th May 2025, approved multiple changes. Mr. Bidyut Dey resigned as Chief Financial Officer (CFO) effective 31st May 2025, citing pre-occupation. Mr. Harsh Jhunjhunwala, a Company Secretary with 15 years of experience in finance, accounts, corporate law, and taxation, was appointed as the new CFO from 1st June 2025. Additionally, M/s. Garg Narender & Co., Chartered Accountants (25+ years experience), was appointed as Internal Auditor for FY 2025-26, and Ms. Prachi Todi (Company Secretary) was appointed as Secretarial Auditor for a 5-year term spanning FY 2025-26 to FY 2029-30, subject to shareholder approval.
A smooth CFO transition with an experienced replacement suggests operational continuity. The long-term (5-year) appointment of a Secretarial Auditor reflects governance stability, though investors may want clarity on the outgoing CFO's 'pre-occupation' reasons. No immediate negative impact on shareholders expected.