ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 14/11/2025
Awaiting price reaction for this filing.
RRP Semiconductor's board met on November 14, 2025 and approved unaudited results for Q2 and H1 FY26 (ended September 30, 2025), reporting a loss with negative EPS of approximately Rs. (5.59) for the half-year. The company reported revenue from operations of Rs. 1,077 lakhs for H1 FY26, but the auditor highlighted the reversal of an additional Rs. 6.82 crores of revenue from the disputed Telecrown Infratech solar panel subcontract, on top of prior reversals. BSE has placed the stock on Enhanced Surveillance Measure (ESM) Stage 2 due to an unusual share price rise from Rs. 20 to Rs. 1,166, and the company has requested BSE to reset the trading price. The company filed a police complaint against a social media influencer for spreading false rumours, denied any connection to Sachin Tendulkar or land allotments, and disclosed an ongoing SAT appeal against BSE's revocation of its listing approval.
Multiple red flags here: negative book value (total equity appears negative at around Rs. -18 lakhs vs Rs. -1,181 lakhs prior), continued revenue reversals, ESM surveillance tag, and an unresolved listing revocation appeal all raise serious going-concern and governance concerns. Shareholders face high uncertainty — the stock is volatile under surveillance, and further adverse action by BSE or SAT could materially affect liquidity and value.