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.

RAP Corp Limited reported a standalone profit of ₹4,384.55 lakh for the financial year ended March 31, 2026, marking a significant turnaround from the prior year. The company's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during a meeting held on May 28, 2026. The statutory auditors, Jain Vinay & Associates, issued an unmodified opinion on the financial statements.

The return to profitability was primarily driven by a one-time revenue of approximately ₹62 crore generated during FY26 from the sale of a property situated at Agra. The company, which is engaged in real estate development, had initially proposed a commercial project on the Agra property but decided to monetize the asset due to changes in development conditions, zoning, and other commercial considerations affecting project viability. For the quarter ended March 31, 2026, the company recorded a profit of ₹64.37 lakh, compared to ₹32.81 lakh in the corresponding period of the previous year. Total income from operations for the quarter stood at ₹81.23 lakh. For the full year, total income from operations was ₹6,943.78 lakh, driven by revenue from operations of ₹6,783.00 lakh. Total expenses for the year were ₹2,565.01 lakh.

Key Financial Metrics (Standalone)

On a consolidated basis, the company reported a profit of ₹4,382.92 lakh for FY26, compared to a loss of ₹161.79 lakh in the previous year. Basic EPS for the consolidated entity was 74.53 for the year. The company noted that it continues to evaluate opportunities in the real estate sector for effective deployment of funds and expansion of its core business operations.

Business and Investment Updates

The company holds a 49.90% stake in Platinumcorp Value Shelters Private Limited and has extended financial assistance to the entity. Platinumcorp is evaluating redevelopment opportunities in Mumbai and has signed and registered an agreement with two societies in Khar. The project is expected to commence by the end of the current financial year, with an estimated completion time of around five years after demolition.

Regarding its investment in White River Properties LLP, the company reported that the project is at a preliminary stage due to differences among the partners. The LLP holds ownership rights in a land parcel situated at Keshav Nagar, Pune, and discussions are ongoing to achieve an amicable resolution. The auditors highlighted that financial information relating to White River Properties LLP was not made available due to the pending dispute. Consequently, the investment in the LLP has not been accounted for under the equity method, and the consequential impact on the consolidated financial statements has not been determined.