RDB Infrastructure And Power shares rose over 4% after appointing Shubham Vaidya as Managing Director and Ramakant Asopa as CFO.(Pixabay)AI Quick ReadShares of RDB Infrastructure And Power surged more than 4% on Friday, April 10, after the company implemented major leadership changes by designating Shubham Vaidya as Managing Director and Ramakant Asopa as Chief Financial Officer, both starting on April 09, 2026.
Mr. Vaidya's role as Managing Director requires approval at the General Meeting and identifies him as key managerial personnel of the company. Mr. Asopa's appointment as CFO was advised by both the audit committee and the nomination and remuneration committee, also categorising him as key managerial personnel.
Further, RDB Infrastructure and Power has approved a new business expansion initiative with the incorporation of RDB Ergoflex LLP, marking its entry into the furniture manufacturing segment. The proposed venture will focus on delivering comprehensive interior solutions, including home décor, office furniture, and institutional furniture.
The LLP will be set up with a total capital contribution of ₹1 crore, with the company holding a majority stake of 51%. The project is subject to necessary regulatory approvals, including a factory license and a no-objection certificate from the West Bengal Pollution Control Board.
This move reflects the company’s strategy to diversify its business portfolio and tap into the growing demand for organised furniture and interior solutions.
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