RDB Real Estate Constructions Limited, a listed entity in the Indian real estate sector, has announced that its Board of Directors will hold a meeting on 9 June 2025 to discuss a proposal for the voluntary delisting of its equity shares from the Calcutta Stock Exchange Limited (CSE).

This information was shared through an official communication addressed to the Bombay Stock Exchange (BSE) and Calcutta Stock Exchange (CSE) under applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure has been signed by Ms Surabhi Kumari Gupta, the Company Secretary and Compliance Officer.

The meeting will take place at 03:00 PM at the company’s registered office located at Bikaner Building, 8/1, Lal Bazar Street, 1st Floor, Room No. 11, Kolkata – 700 001.

Agenda of the Board Meeting

As per the intimation, the primary business item on the agenda is to voluntarily delist the equity shares of the company from the Calcutta Stock Exchange Limited. In addition, the board may consider other matters with the permission of the Chair during the same meeting.

The decision to delist from CSE appears to be a strategic corporate move, possibly aimed at reducing regulatory burden, minimising administrative overheads, or consolidating trading activity on a single exchange platform such as the BSE.

Regulatory Framework

The intimation is in line with SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015, which mandate listed companies to disclose material events such as board meetings concerning corporate actions like delisting, mergers, acquisitions, or capital restructuring.

By making this disclosure, RDB Real Estate reaffirms its commitment to regulatory transparency and timely communication with shareholders and market participants.

The company’s scrip code on BSE is 544346, and on CSE it is 028397.

About RDB Real Estate Constructions Limited

RDB Real Estate Constructions Limited is a Kolkata-based real estate development company engaged in the business of residential and commercial property development. The company is part of the RDB Group, which has diversified business interests including real estate, infrastructure, manufacturing, and logistics.

The company has developed and delivered several real estate projects across India, particularly in West Bengal and neighbouring states. Known for its affordable and mid-segment housing developments, RDB Real Estate has maintained a strong local presence in eastern India.

Despite being listed on both BSE and CSE, trading activity in the stock is significantly more active on the Bombay Stock Exchange, which may have influenced the decision to consider delisting from the Calcutta Stock Exchange.

Implications of the Delisting Proposal

If the board approves the proposal for voluntary delisting from CSE, the company will have to follow due regulatory procedures laid out by SEBI and the Calcutta Stock Exchange, including obtaining shareholder approval and filing the necessary documentation.

It is important to note that the delisting from CSE will not affect the trading of shares on the BSE, which will remain intact, thereby ensuring continued liquidity for investors.

Voluntary delisting from smaller regional exchanges has been a common trend in recent years, particularly as companies aim to simplify compliance and improve investor engagement by focusing on a single primary exchange.

Market and Stakeholder Outlook

The formal outcome of the board meeting will be disclosed in due course through appropriate stock exchange filings. For now, investors and stakeholders are advised to stay informed and await further announcements following the 9 June 2025 board meeting.

This development could potentially streamline RDB’s regulatory obligations and focus its compliance and investor communication efforts more efficiently.

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