Pursuant to Regulation 30(5) and 16(1)(c) of SEBI (LODR) Regulations 2015, Board at its meeting held today authorised the persons to determine the materiality of event or information and ....
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RDB Real Estate Constructions Ltd informed BSE that its Board, at a meeting held on 22nd March 2026, authorized four Key Managerial Personnel — Whole Time Directors Mr. Pradeep Kumar Pugalia and Mrs. Neera Chakravarty, CFO Mr. Harsh Jhunjhunwala, and Company Secretary Ms. Madhu Gupta — to determine the materiality of events and make disclosures under SEBI LODR Regulation 30. Separately, the company disclosed that S.D. Infrastructure & Real Estate Private Limited has become a material subsidiary under Regulation 16(1)(c). The company now has three material subsidiaries in total, namely Raj Construction Projects Pvt Ltd, RDB Jaipur Infrastructure Pvt Ltd, and S.D. Infrastructure & Real Estate Pvt Ltd. The board meeting ran from 3:00 PM to 4:00 PM.
This is a routine governance and compliance disclosure. The addition of a third material subsidiary means the company has greater group-level exposure that will need separate governance and reporting, but the new subsidiary designation alone is unlikely to materially move the stock. The KMP authorization is a standard procedural requirement and carries no direct financial impact for shareholders.