The Board of Directors at its Meeting held on 29th May, 2026 has approved sale of its investment of 9499 equity shares of face value of Rs. 10/- each held by the Company in RDB Raipur Hotels ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of RDB Real Estate Constructions Limited approved several items at its meeting on May 29-30, 2026. Standalone financials show strong growth with net profit rising to Rs. 484.98 lakhs from Rs. 161.27 lakhs in FY25, driven by total income of Rs. 3,152.32 lakhs. However, consolidated financials show a net loss of Rs. 886 lakhs versus profit of Rs. 183.97 lakhs previously, as subsidiary losses outweighed parent profits despite revenue more than doubling to Rs. 23,413.06 lakhs. The company also sold its 9,499 equity shares in RDB Raipur Hotels Private Limited to its WOS Gupta Infrastructure (India) Pvt Ltd for Rs. 56,994 (Rs. 6 per share), causing the entity to cease as a subsidiary but remain a step-down subsidiary. A new subsidiary, Avanir Wellness Resorts Private Limited, is being incorporated for real estate and hospitality activities. Internal auditor Garg Narender & Co. was reappointed for FY26-27.
Standalone profit nearly tripled year-on-year, a positive signal for parent-level performance. However, the consolidated loss despite higher revenues indicates structural issues at subsidiary level that shareholders should monitor. The relatively minor share sale (Rs. 56,994) has negligible direct financial impact but shifts corporate structure.