Intimation for approval of Investment of 74% of Equity Shares in the Proposed Company '''' Avanir Wellness Resorts Private Limited'''' by the Board of Directors of the Company at its Meeting ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RDB Real Estate Constructions Ltd reported strong standalone FY2026 results with total income of Rs 3,152.32 lakhs (up 20% YoY) and net profit of Rs 484.98 lakhs (up 200% YoY). However, consolidated results showed a net loss of Rs 886 lakhs due to subsidiary losses and negative non-controlling interest of Rs 1,040 lakhs. The Board approved incorporation of a new subsidiary named Avanir Wellness Resorts Private Limited in India, which will operate in real estate and hospitality (hotels, resorts, lodging facilities). Separately, the company sold 9,499 equity shares of RDB Raipur Hotels Private Limited to its wholly-owned subsidiary Gupta Infrastructure India Pvt Ltd for Rs 56,994 at Rs 6 per share, causing RDB Raipur Hotels to cease being a direct subsidiary but remain a step-down subsidiary. The company also re-appointed Garg Narender & Co as internal auditor for FY2026-27.
The strong standalone profitability indicates healthy core real estate operations, though the consolidated loss may concern investors focused on group-level performance. The new wellness resort subsidiary signals expansion into hospitality, while the share restructuring of RDB Raipur Hotels simplifies the group structure.