R.P.P. Infra Projects Limited has informed the Exchange regarding Board meeting held on August 11, 2025.
RPPINFRA · price
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Awaiting price reaction for this filing.
The board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations rose marginally to Rs 341.10 crore from Rs 336.12 crore a year ago, but net profit fell sharply to Rs 10.86 crore from Rs 16.51 crore, with EPS dropping to Rs 2.19 from Rs 4.35. The board re-appointed Mr. P Arulsundaram as Chairman and Managing Director and Mrs. A Nithya as Whole Time Director and CFO, both for five years from April 2026. Two Executive Directors – Mr. C. K Venkatachalam and Mr. S Anandavadivel – resigned effective August 11, 2025, citing personal and professional reasons. Two new Additional Directors, Mr. Venkatachalam Pranav Harshan and Mr. Sanu Raghav, were appointed the same day. The board also discussed the implications of a Registrar of Companies (ROC) investigation, appointed M/s Lakshmmi Subramanian & Associates as the new secretarial auditor for five years, and constituted a new Legal and Finance Committee.
Shareholders should note a significant ~34% year-on-year decline in Q1 net profit despite stable revenue, which may weigh on the stock. The simultaneous exit of two executive directors, a mention of an ongoing ROC investigation, and quick back-to-back appointments create a mixed governance picture, though continuity is maintained at the top with the re-appointment of the MD and CFO. Investors may want clarity on the nature and scope of the ROC investigation.