Rap Corp Limited has reappointed Rupinder Singh Arora as its Managing Director for a five-year term effective August 1, 2026. The decision was ratified during the company's 32nd Annual General Meeting held on September 30, 2026.

The appointment, disclosed to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, extends Arora's leadership role until July 31, 2031. This move ensures continuity in the company's executive management structure.

Terms of Appointment

The board outlined specific conditions governing the reappointment, notably regarding compensation. Mr. Arora will not receive any remuneration for his services as Managing Director unless separately approved by shareholders during his tenure. However, he remains entitled to reimbursement for travelling and entertainment expenses incurred in connection with the company's business operations.

Additionally, the Managing Director is subject to existing service rules applicable to Senior Management Personnel, as may be amended from time to time. These terms reflect a governance framework where direct salary payouts are contingent on future shareholder approval.

Professional Background and Relationships

Rupinder Singh Arora has been associated with the company since its incorporation. He brings over 50 years of experience across real estate, media, and allied businesses. His long-standing involvement suggests deep institutional knowledge within the organization.

The disclosure also noted familial relationships among directors. Ms. Ritika Arora, who serves as a Non-Executive Director, is related to Mr. Rupinder Singh Arora. This relationship is disclosed in compliance with regulatory requirements regarding director independence and related-party transactions.

Key Appointment Details

The company, formerly known as Rap Media Limited, operates from its registered office in Mumbai. The reappointment underscores the board's confidence in Arora's continued leadership amidst the company's ongoing operational focus.

Rap Corp has scheduled its 32nd Annual General Meeting for Wednesday, September 30, 2026, to approve financial results for FY26 and key corporate actions. The company announced the date in a filing with BSE Limited on September 5, 2026.

The meeting will be held through video conference or other audio-visual means. Shareholders are advised to check the notice for further details regarding remote e-voting and business items.

Meeting Details

The announcement was signed by Rupinder Singh Arora, Managing Director. The company’s registered office is located at Arora House, Khar West, Mumbai.

Financial Performance for FY26

Rap Corp reported a standalone net profit of ₹4,384.55 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹69.32 lakh in the previous year. This turnaround was primarily driven by the sale of its stock-in-trade property situated in Agra, Uttar Pradesh.

Revenue from operations stood at ₹6,783.00 lakh, up from nil in the prior year. Total income reached ₹6,943.78 lakh, including other income of ₹160.78 lakh. Profit before interest and depreciation was ₹4,396.66 lakh.

Key Agenda Items

The AGM will transact several ordinary and special business items:

• Adoption of Financial Statements: Shareholders will consider and adopt the audited standalone and consolidated financial statements for FY26.
• Director Re-appointments: Ms. Ritika Arora retires by rotation and offers herself for re-appointment as a Non-Executive Director. Mr. Rupinder Singh Arora seeks re-appointment as Managing Director for five years, from August 1, 2026, to July 31, 2031, without remuneration.
• Property Disposal: A special resolution will seek approval for the sale of immovable property situated in Meerut, Uttar Pradesh, under Section 180(1)(a) of the Companies Act, 2013.
• Related Party Transactions: Approval is sought for material related party transactions with associate entities, Platinumcorp Value Shelters Private Limited and White River Properties LLP, involving loans or guarantees up to an aggregate of ₹60 crore.
• Secretarial Auditor: Appointment of M/s. Dharmendra Sharma & Associates as Secretarial Auditor for five years.

Corporate Governance and Auditors

The Board of Directors comprises Mr. Rupinder Singh Arora (Managing Director), Ms. Ritika Arora (Non-Executive Director), Ms. Deepa Kunal Bhamhani (Independent Director), and Mr. Kapil Bagla (Independent Director).

Jain Vinay & Associates serve as Statutory Auditors. M/s. Dharmendra Sharma & Associates conducted the secretarial audit for FY26. The company maintains a debt-free balance sheet and continues to focus on maximizing value from its existing real estate portfolio.