ENCLOSED HEREWITH THE ANNOUNCEMENT UNDER REGULATION 30 FOR WITHDRWAL OF APPROVAL OF EQUITY SHARES BY BSE

BSE has withdrawn its approval granted to RRP Semiconductor for the issue of 1,35,25,000 equity shares on a preferential basis to promoters and others at Rs. 12 per share. BSE concluded that the company obtained these approvals based on false representations, declarations and undertakings, which would not have been possible due to a debarment under Regulation 34 of SEBI's Delisting of Equity Shares Regulations, 2021. The decision came after BSE issued a show cause notice on February 5, 2025, followed by written submissions from the company on February 27, 2025 and a personal hearing on February 28, 2025. The company is planning to appeal this order before the Securities Appellate Tribunal (SAT) within 45 days under Section 23L of the Securities Contracts (Regulation) Act, 1956. The cancelled preferential issue was a significant capital-raising activity for the small-cap company.