RPPINFRANSER.P.P. Infra Projects Limited· ConstructionLowNeutral
Announced Mon, 20 Apr · 17:47 IST

R.P.P. Infra Projects Limited has informed the Exchange regarding Outcome of Board Meeting held on April 20, 2026.

Board & Shareholder Meetings View source PDF

RPPINFRA · price

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Price reaction · full curve 14 horizons · vs prior close
+8.3%1-day move
₹78.05
prior close
₹79.88
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1-1.1-0.9-1.1+8.3+7.6+3.1+4.7+2.6+3.6-5.4-11.2-12.2-17.2
Up moveDown movePending
AI summary

R.P.P. Infra Projects Limited held a board meeting on April 20, 2026 where several leadership changes were approved. Mr. K Jagannathan, a lawyer with 45 years of corporate experience (including 27 years at Larsen & Toubro), was appointed as Additional Non-Executive Independent Director for 2 years, subject to shareholder approval. Mr. Venkatesan Elliah Naidu, who resigned as Independent Director effective March 2, 2026 (citing personal reasons), has been appointed as the new Chief Executive Officer for a 1-year term starting April 20, 2026. Naidu is an IIT Madras alumnus with over 40 years in the construction and infrastructure sector. The Board has also reconstituted various committees in compliance with SEBI regulations and the Companies Act, 2013.

Likely market impact

The appointment of an experienced infrastructure professional as CEO and the addition of a seasoned legal expert to the board could be viewed positively by investors. The transition from Independent Director to CEO role is notable and suggests confidence in Naidu's leadership abilities.