ENCLSOSED HERWITH REG 30 DISCLOSURE
Awaiting price reaction for this filing.
RRP Semiconductor's board approved audited FY25 results showing revenue jumping to ₹3,159.14 lakhs from just ₹38 lakhs in FY24, driven by a solar panel sub-contract with Telecrown Infratech. However, contractual disagreements have forced the company to reverse up to ₹8 crore of Q3 FY25 revenue, leaving Q4 FY25 with a loss of ₹159.49 lakhs after a ₹300 lakh full-year tax provision. Full-year PAT turned positive at ₹846.37 lakhs versus a ₹1.70 lakh loss last year. Operating cash flow was deeply negative at ₹(1,759.37) lakhs, funded mainly by a ₹1,622.88 lakh fresh equity issue and ₹403.72 lakh in borrowings. The CFO George Abraham Vithayathil resigned (effective May 21, 2025) and Managing Director Sumita Mishra stepped down to become Non-Executive Director on May 30, 2025. The company also appointed new secretarial and internal auditors.
Despite a headline revenue surge, the stock could face volatility due to the disputed solar contract, negative operating cash flow, key management exits (CFO and MD), and an ongoing SAT appeal against BSE's order revoking listing approval over a related promoter's delisting issue. Investors should watch the SAT ruling and resolution of the Telecrown Infratech dispute closely.