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Awaiting price reaction for this filing.
RDB Real Estate Constructions has announced several governance changes following a board meeting on 29th May 2025. Chief Financial Officer Mr. Bidyut Dey has resigned effective 31st May 2025, citing personal pre-occupation. To fill the role, the company has appointed Mr. Harsh Jhunjhunwala as the new CFO from 1st June 2025. Mr. Jhunjhunwala is a Company Secretary with about 15 years of experience in finance, accounts, corporate law, and taxation. Additionally, M/s. Garg Narender & Co. (Chartered Accountants) have been appointed as Internal Auditors for FY 2025-26, and Ms. Prachi Todi (Practising Company Secretary) has been appointed as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, pending shareholder approval at the AGM. The filing confirms none of the appointees are debarred from holding office by SEBI or any other authority.
This is a routine reshuffle with a quick CFO replacement lined up, suggesting business continuity. The combined audit appointments indicate normal compliance refresh and are unlikely to materially affect the stock price.