RPP Infra Projects held its 31st Annual General Meeting on September 25, 2026, via video conferencing. The meeting commenced at 12:16 pm with 33 members in attendance.

The primary agenda involved the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Members also approved the re-appointment of A Nithya as a director retiring by rotation and ratified remuneration for the cost auditor for FY27.

Meeting proceedings and attendance

The meeting was conducted in compliance with MCA circulars and SEBI listing regulations. Remote e-voting was facilitated through CDSL from September 22 to September 24, 2026. Ms. Swetha of Lakshmi Subramanian and Associates served as the scrutinizer.

Seven members registered as speakers, with four participating live to address queries regarding company performance.

Leadership present

The following key personnel participated in the meeting:

Independent directors R Kalaimony, Marappan Murugesan, K Nandhiswaran, and K Jagannathan were also present. Directors Sanu Raghav and V Pranav Harshan were absent.

RPP Infra Projects has seen its shareholding by G Visalatchi and persons acting in concert (PACs) rise to 12.17%. The group acquired an additional 1,777,340 equity shares through open market purchases, triggering a mandatory disclosure under SEBI regulations.

The acquisition brings the total holding of the acquirer group to 6,036,524 shares as of September 7, 2026. This represents an increase of 3.58% from the previous disclosure date of August 17, 2026, when the aggregate shareholding stood at 8.59%.

Acquisition Details

The disclosure filed with the Bombay Stock Exchange and National Stock Exchange on September 9, 2026, outlines the specifics of the transaction. The acquirers include G Visalatchi, B G Abin Dinesh, and Diva Projects Private Limited. The group is not classified as part of the promoter or promoter group of the target company.

The mode of acquisition was strictly through open market purchases. The total equity share capital of RPP Infra Projects remained unchanged at ₹49,58,59,180, comprising 4,95,85,918 equity shares of ₹10 each.

Regulatory Compliance

The filing was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates disclosure when the aggregate shareholding increases by 2% or more since the last disclosure. The previous disclosure dated August 17, 2026, had reported the holding at 8.59%. The current increase to 12.17% satisfies this threshold.

What the Numbers Show

The entire stake held by G Visalatchi and PACs remains unencumbered, with no pledges or liens reported in the filing. This suggests the acquisition was funded without leveraging the newly acquired assets, indicating a cash-driven accumulation strategy rather than collateral-based financing.