BSECompany Update5d ago · 14 Aug 2026, 07:30 pm
Pursuant to Regulation 32(6) of SEBI (LODR),2015 read with Regulation 162A of SEBI (ICDR) Regulation, 2018 , We have enclosed the Monitoring Agency Report for the quarter ended 30.06.2026.
RDB Real Estate Constructions Ltd · 544346
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RDB Real Estate Constructions Ltd has submitted its fourth Monitoring Agency Report for the quarter ended June 30, 2026, as per SEBI regulations, confirming no deviation in utilization of proceeds from preferential issue.
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Earnings Impact5/10
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Governance Concern1/10
Regulatory Risk3/10
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Market Sentiment6/10
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RDB Real Estate Constructions Ltd - 544346 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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Date: 14th August, 2026
Department of Corporate Services
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai- 400 001
Scrip Code: 544346
Dear Sir/Madam,
Sub: Monitoring Agency Report issued by Brickwork Ratings India Private Limited
for the utilization of funds raised through Preferential Issue of Share Warrants for
quarter ended on 30th June, 2026
Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read with Regulation 162A of the SEBI (Issue of
Capital and Disclosure Requirements) Regulations, 2018, we have enclosed the
Monitoring Agency Report issued by the Brickwork Ratings India Private Limited,
Monitoring Agency, in respect of utilization of funds raised through Preferential Issue of
Share Warrants for the quarter ended on 30th June, 2026 duly reviewed by the Audit
Committee and Board of Directors of the Company in its meeting held today i.e., 14th
August, 2026.
The monitoring agency confirmed in its report that there is no deviation in utilization of
proceeds of preferential issue as stated in the object of the issue.
The same shall also be available on the website of the Company at
https://rdbrealty.com/stock-exchange-compliances/
This is for your information and record.
Thanking You.
Yours faithfully,
For RDB Real Estate Constructions Limited
Ritik
Company Secretary & Compliance Officer
Membership No.: A80426
Encl : as above
Monitoring Agency Report for
RDB Real Estate Constructions
Limited for the quarter ended
June 30, 2026
No. BWR/2026-27/IPM/RRECL/04
August 14,2026
Mr.Partha Banerjee
Chief Financial O(cid:431)icer
RDB Real Estate Constructions Limited
Bikaner Building, 8/1, Lal Bazar Street
1st Floor, Room No 11,
Kolkata -700001 West Bengal
Dear Sir,
Fourth Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the
Preferential Allotment of Warrants of RDB Real Estate Constructions Limited (“the
Company”)
Pursuant to Regulation 162A of SEBI (Issue of Capital and Disclosure Requirements) Regulations,
2018 (“SEBI ICDR Regulations”) and Monitoring Agency Engagement Letter dated August 19,
2025, Brickwork Ratings (BWR) has prepared the Fourth Monitoring Agency Report, as per
Schedule XI of the SEBI ICDR Regulations towards utilisation of proceeds of funds raised, for the
quarter ended June 30, 2026.
The funds raised by the Company were through Preferential Allotment of warrants is aggregating
to Rs.97.84 Crore of the Company till June 30, 2026.
In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30,
2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated August 19,
2025.
Request you to kindly take the same on records.
Thanking you,
Yours Faithfully,
Mr Niraj Kumar Rathi
Senior Director, Ratings - Brickwork Ratings
Report of the Monitoring Agency (MA)
Name of the issuer: RDB Real Estate Constructions Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Brickworks Ratings India Private Limited
(a) Deviation from the objects: No.
(b) Range of Deviation: Not applicable.
Declaration:
We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we
further declare that this report provides a true and fair view of the utilization of the issue proceeds in relation
to the objects of the issue based on the information provided by the Issuer and information obtained from
sources believed by it to be accurate and reliable.
We declare that we do not have any direct/indirect interest in or relationship with the
issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest
in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the
issuer.
The MA does not perform an audit and undertakes no independent verification of any information/
certifications/ statements it receives. This Report is not intended to create any legally binding obligations
on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said
information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any
security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should
be construed as creating a fiduciary relationship between the MA and any issuer or between the agency
and any user of this report. The MA and its a(cid:431)iliates also do not act as an expert as defined under Section
2(38) of the Companies Act, 2013.
The MA or its a(cid:431)iliates may have a credit rating or other commercial transactions with the entity to which
the report pertains and may receive separate compensation for its ratings and certain credit related
analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and
reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other
commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments,
where applicable. There are certain sections of the report under the title “Comments of the Board of
Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors
subsequent to the MA submitting their report to the issuer and before dissemination of the report through
stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for
such comments of the issuer’s Management/Board.
Signature:
Name of the Authorized Signatory: Mr Niraj Kumar Rathi
Designation of Authorized Person/Signing Authority: Senior Director, Ratings, Brickwork
Ratings
1) Issuer Details:
Name of the issuer: RDB Real Estate Constructions Limited
Names of the promoter/Promoter Group: Kusum Devi Dugar, Rekha Jhabak, Sheetal Dugar,
Sunder Lal Dugar, Vinod Dugar, Yashaswi Dugar,
Ankur Constructions Private limited, BFM
Industries Limited, Khatod Investments & Finance
Company Limited, Loka Properties Private Limited,
NTC Industries Limited, YMS Finance Private
Limited, Somani Estates Private Limited, Veekay
Apartments Private Limited.
Industry / sector to which it belongs: Real Estate
2) Issue Details:
Issue period: 11 August 2025 to 19 August 2025
Type of issue (public/ rights): Preferential Allotment of Warrants
Type of specified securities: Warrants
IPO Grading, if any: Not Applicable
Issue size (in ₹ Crore): 156.70 #
Value as per Amount
Total Number of
Particulars Price (₹) # Offer Document Received
Securities ^
(₹ Crore) # (₹ Crore) *
Preferential Allotment of 17830000 87.15 155.39 97.84
warrants
Total 17830000 87.15 155.39 97.84
Notes:
* As of June 30, 2026, the Company has received Rs.97.84 crore out of the total Rs 156.70 crore proposed
to be raised through the Preferential Allotment of warrants.
# In the board meeting of the company dated 13 August 2025, it has been stated that the
Equity Shares of the Company had been listed on BSE Limited (“BSE”) for a period of less than
90 trading days and the price was computed in accordance with Regulation 164(2) of the SEBI
(ICDR) Regulations, 2018, based on the relevant date and the trading data available then.
However, at the time of receipt of the in-principle approval, the period of 90 trading days from
the date of listing elapsed as on June 13, 2025. Accordingly, they have re-computed the issue price
as per Regulation 164 (3) of the SEBI (ICDR) Regulations, 2018 and the re-computation of the
issue price arrived at Rs. 87.15 (Rupees Eighty-Seven and Fifteen Paisa Only) per share which
is higher than the price of Rs. 36 at which share warrants allotment was proposed in the Board
Meeting dated 03 March 2025.
^ Out of the 1,79,80,000 warrants allotted, one of the Allottees did not subscribe to the issue to whom
1,50,000 warrants were issued.
3) Details of the arrangement made to ensure the monitoring of iss
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