RRP Semiconductor Ltd

Board outcomes

• Unaudited standalone results for quarter ended 30 Jun 2026 approved.
• Limited Review Report attached; board meeting held 13 Aug 2026.

Financial highlights

• Q1 2026-27 total income: Rs 175 lakh; net loss after tax: Rs 32.89 lakh.
• Q1 diluted EPS: Rs -0.24; FY2025-26 net loss: Rs 775.67 lakh.

AGM & approvals

• 46th AGM scheduled for Sep 25, 2026 at 2:00 PM via VC/OAVM.
• Register of Members to be closed Sep 19–25, 2026; cut-off Sep 18, 2026.
• EVoting facility arranged; scrutinizer appointed.

Auditor changes

• PAMS & Associates resigned as Statutory Auditor effective 26 June 2026 due to geographical constraints.
• Board proposes Lipika & Associates as Statutory Auditor for 2026-27 to 2030-31, subject to AGM approval.

Meeting Details

• Date and time: 20 July 2026 at 4:00 PM, hybrid at registered office.

Key Agenda Items

• Appointment of Statutory Auditor.

Other Notes

• Appointment of Statutory Auditor is the sole material agenda item disclosed.

Dematerialisation/Rematerialisation status

• Dematerialisation confirmations were sent to depositories; securities listed on relevant stock exchanges.
• Mutilated certificates were cancelled; depository name substituted as registered owner within 15 days.

Financial Performance 📊

• Auditor reviewed RRP Semiconductor's unaudited Q3 FY2025 results per Ind AS 34 and SEBI regulations.
• Review found no material misstatements or disclosure deficiencies in the financial results.

Key Risks & Legal Issues ⚠️

• Company holds ₹12 crore post-dated cheque from Telecrown Infratech amid ongoing legal dispute and revenue reversal.
• BSE revoked listing approval for 1.35 crore preferentially allotted shares due to unrelated delisting case; appeal filed with SAT.
• SAT issued interim order maintaining status quo on listing revocation; final outcome and financial impact remain uncertain.

Working Capital & Receivables 🗒️

• Some receivables, payables, and outstanding balances lack confirmations or supporting evidence, with no audit impact.

Financial Performance

• Board approved unaudited standalone financial results for quarter and nine months ended 31 Dec 2025.
• Net loss after tax for quarter ended 31 Dec 2025 was Rs. 71.547 lakhs.
• Earnings per share (basic and diluted) for the quarter was negative Rs. 0.10.
• Total comprehensive loss for the quarter was Rs. 71.547 lakhs.
• Statutory auditors issued limited review report with no material misstatement.

Corporate Decisions

• Lock-in period of 1,35,24,000 preferential equity shares extended by 6 months to 30 Sep 2026.
• Board is considering selective reduction of capital.

Legal and Regulatory Matters ️

• Company holds Rs. 12 crore post-dated cheque from Telecrown Infratech Pvt Ltd; legal recovery initiated.
• Appeal filed with Securities Appellate Tribunal against BSE order revoking preferential shares listing; interim status quo order granted.
• Auditors noted some sundry receivables and payables lack confirmations; no modification to audit conclusion.

Auditor Remarks

• Emphasis on ongoing legal dispute and sub-judice status of listing approval revocation.
• Auditor unable to quantify financial impact of pending legal matters.