R.P.P. Infra Projects Limited has informed the Exchange about related Party Transactions clarification
RPPINFRA · price
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R.P.P. Infra Projects clarified to the stock exchanges that a clerical error had occurred in the reporting of its transaction value with RPP-Dhanya JV for FY2024-25. The company initially appeared to have crossed the materiality threshold for related party transactions, but the actual value was only ₹5.80 Crores against a consolidated turnover of ₹1,353 Crores, which is just 0.42% — well below the 10% threshold. Because the threshold was not actually breached, no prior shareholder approval was required under Regulation 23(4). The company has acknowledged the reporting oversight and committed to correct record-keeping going forward.
This is a routine compliance clarification rather than a regulatory action or penalty. The transaction was below the materiality threshold, so shareholder approval was not legally required. The disclosure should reassure investors that there is no governance violation, though the initial clerical error may raise minor questions about the company's reporting controls.