The Board of Directors at its meeting held on 29th May, 2026 has approved the reappointment of M/S Garg Narendra & Co. as Internal Auditor of the Company for the F.Y. 2026-27.
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RDB Real Estate reported strong standalone FY26 results with profit after tax of Rs 484.98 lakhs, up 201% from Rs 161.27 lakhs in FY25, driven by higher other income (Rs 1,300.24 lakhs vs Rs 794.94 lakhs). Standalone revenue from operations remained flat at Rs 1,852.08 lakhs. The company also reappointed Garg Narendra & Co. as internal auditor for FY26-27 and incorporated a new subsidiary, Avanir Wellness Resorts Private Limited. A share purchase agreement was executed to sell 9,499 equity shares of RDB Raipur Hotels Private Limited to Gupta Infrastructure for Rs 56,994, making it a step-down subsidiary. Consolidated results show massive revenue growth to Rs 23,413.06 lakhs from Rs 8,395.79 lakhs, but the group posted a net loss of Rs 886 lakhs versus profit of Rs 183.97 lakhs in FY25. Statutory auditors issued unmodified opinions on both standalone and consolidated financials.
Standalone profitability surge is positive for shareholder returns, but the consolidated loss despite massive revenue expansion signals operational challenges in subsidiaries. The high finance costs (Rs 1,023.26 lakhs standalone) and negative operating cash flow at consolidated level (-Rs 3,890.88 lakhs) raise concerns about the sustainability of the growth strategy.