ENCLOSED HERWITH COMAPLAINT FILED AGAINST MARKET RUMORS DISSMINATED THROUGH SOCIAL MEDIA CHANNEL
Awaiting price reaction for this filing.
RRP Semiconductor (formerly G D Trading & Agencies Limited) has filed a police complaint against a YouTube channel called 'Binita Invests' for circulating false claims about the company. The company clarifies it has not exported any ASIC chips, has no Rs. 6.15 Crore export order, has not started any semiconductor manufacturing, has not applied under any government policy, and has no connection with cricketer Sachin Tendulkar. The company states that 99% of its issued capital is under lock-in with depositories until March 31, 2026, and only around 4,000 shares are held in demat form. The company has reported unprecedented price movement in its BSE-listed shares due to this misinformation and has requested police investigation against the social media operators.
The complaint highlights active market manipulation through social media, which may cause continued short-term volatility. However, the company's strong public clarification and regulatory action could help restore investor confidence. Retail investors should rely only on official company communications and verified sources before trading.