R.P.P. Infra Projects Limited has informed the Exchange regarding Appointment of Mr P Venkatachalam and mr Sanu ragav as Executive Director of the company w.e.f. August 11, 2025.
RPPINFRA · price
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RPP Infra Projects announced Q1 FY26 (quarter ended June 30, 2025) standalone results with revenue of Rs. 341.10 crore (up slightly from Rs. 336.12 crore YoY), 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. Two executive directors — Mr. C.K. Venkatachalam and Mr. S Anandavadivel — resigned effective August 11, 2025, citing personal and professional commitments. The board appointed two new additional directors: Mr. Venkatachalam Pranav Harshan (USC Marshall graduate) and Mr. Sanu Raghav (London Business School graduate). The board approved re-appointment of Chairman and MD Mr. P Arul Sundaram for 5 years at Rs. 10 lakh/month and Whole Time Director & CFO Mrs. A. Nithya for 5 years at Rs. 5 lakh/month, subject to shareholder approval. The board also discussed the implications of an ROC (Registrar of Companies) investigation and appointed Lakshmmi Subramanian & Associates as secretarial auditors for FY2025-26 to FY2029-30.
The sharp 34% drop in net profit despite modest revenue growth is a negative signal for shareholders. The simultaneous exit of two executive directors combined with the board discussing an ROC investigation raises governance concerns, though the new directors appear well-qualified. The Venkatachalam surname shared between an outgoing executive director and a newly appointed director suggests a possible family succession within the promoter group on the board.