RDB Infrastructure And Power Ltd Appoints Cost Auditor and Recommends Postal Ballot for MD Regularization

RDB Infrastructure And Power Ltd Appoints Cost Auditor and Recommends Postal Ballot for MD Regularization​

RDB Infrastructure And Power Ltd, formerly known as RDB Realty & Infrastructure Limited, announced significant corporate decisions following its Board meeting held on June 4, 2026. The Board approved the appointment of a new Cost Auditor and initiated proceedings seeking members' approval through a Postal Ballot regarding the regularization of the Managing Director's position.

The company confirmed that M/s Sohan Lal Jalan and Associates, a specialized accounting firm, has been appointed as the Cost Auditor for the company. This appointment is subject to ratification by the members at the ensuing Annual General Meeting.

Appointment of Cost Auditor​

M/s Sohan Lal Jalan and Associates were chosen based on their recommendation from the Audit Committee. They have been appointed to audit the cost records of RDB Infrastructure And Power Ltd for the financial year ending March 31, 2027.

The firm boasts more than 41 years of experience, encompassing a wide range of financial, compliance, budgeting, taxation, and advisory services. Their key areas of expertise include internal and cost audits, statutory compliances (such as PF, ESI, TDS, GST, and Excise), payroll management, and cost record maintenance.

M/s Sohan Lal Jalan and Associates' experience spans various sectors, including Jute and Chemical Industries. They have a proven background in implementing specialized projects such as Activity Based Costing (ABC Costing), Office TPM, and Six Sigma Projects, including work done for Gounterman & Piper (India) Ltd. Their services also extend to corporate restructuring, due diligence, and risk management.

Management Appointments and Postal Ballot​

The Board further approved the issuance of a Postal Ballot Notice seeking members' approval for the regularization of Mr Shubham Vaidya (DIN: 11294349), who was appointed as the Managing Director of the company by the Board on April 9, 2026.

In conjunction with this matter, Ms Prachi Bhartia, a Practicing Company Secretary, was also approved by the Board to serve as the Scrutinizer for conducting and scrutinizing the remote e-voting process, ensuring fairness and transparency.

The Postal Ballot Notice will be circulated to members according to applicable laws governing the Companies Act, 2013.

Stock Price Movement​

At the close of trade today, RDB Infrastructure And Power Ltd settled at ₹24.80, slipping 0.48% as its shares declined slightly. Throughout the session, the stock moved within an intraday range established by a low of ₹24.75 and a high of ₹25.77.