ENCLOSED HEREWITH REG 24 A CERTIFICATE FOR YEAR ENDED 31/03/2025
Awaiting price reaction for this filing.
RRP Semiconductor Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2025, as required under SEBI LODR Regulation 24A, certified by Practicing Company Secretary Amarendra Mohapatra & Associates. The company has largely complied with applicable SEBI regulations on secretarial standards, board policies, website disclosures, related party transactions, insider trading, and other governance norms. A key disclosure is a BSE Show Cause Notice dated 5 February 2025 proposing to withdraw approval for the issue of 1,35,25,000 equity shares due to debarment under SEBI Delisting Regulations. The company filed an appeal with the Securities Appellate Tribunal (Appeal No. 221 of 2025), and the SAT order dated 2 May 2025 maintained the company's status. The statutory auditor also resigned effective 1 July 2024, with required disclosures made.
Apart from routine compliance, the notable item is the pending regulatory action regarding the 1.35 crore equity shares and the ongoing SAT appeal. While SAT's interim order preserves the company's current status, an adverse final outcome on the show cause notice could affect equity capital structure and listing status, warranting investor attention.