RPP Infra Projects Ltd has secured shareholder approval for the appointment of a new independent director and the enhancement of limits for material related party transactions. The resolutions were passed through a postal ballot process conducted via remote e-voting, which concluded on July 9, 2026.

The company sought approval for the appointment of Mr. K. Jagannathan (DIN: 11666595) as a Non-Executive Independent Director for a term of two consecutive years commencing from April 20, 2026, to April 19, 2028. Additionally, shareholders voted on the enhancement of existing limits for material related party transactions to be entered into with Repplen Projects Private Limited.

Voting Results

The remote e-voting process commenced at 9:00 a.m. (IST) on June 10, 2026, and concluded at 5:00 p.m. (IST) on July 9, 2026. A total of 35,875 shareholders were eligible to vote as on the cut-off date of June 5, 2026. The scrutinizer, Karthick B of Karthick B & Associates, validated the results.

Resolution Details

The Special Resolution for the director appointment received 99.95% of the votes cast in favour, with 72 members participating. The Ordinary Resolution regarding the enhancement of related party transaction limits received 99.82% approval, with 62 members participating. Promoters did not vote on the ordinary resolution as they were marked as interested parties.

The company filed the scrutinizer's report and voting results with the exchanges pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The documents have been made available on the company's website.

RPP Infra Projects has announced its investor presentation for the quarter and year ended March 31, 2026, highlighting a robust order intake alongside a significant decline in profitability. The company secured 11 new projects worth ₹2470.14 crores in India during the period up to March 2026. Consequently, the current order book stands at 39 projects with an outstanding execution value of ₹3750.83 crores. Despite the strong order inflow, the company reported a sharp decline in profit margins for the financial year, primarily attributed to a shift in project execution models and rising input costs.

For FY 25-26, RPP Infra Projects recorded a revenue of ₹1478.77 crores, a marginal increase of 3.30% compared to the previous year. However, the bottom line contracted significantly as Profit After Tax (PAT) fell by 88.10% to ₹7.79 crores. The company attributed this decline to a substantial shift in revenue mix from own-executed projects to back-to-back subcontracted projects, the completion phase of major older projects, and initial-stage investments for new awards.

Financial Performance

The standalone financial results for FY26 highlight pressure on margins across key operational metrics. Operating costs rose by 11.57%, outpacing revenue growth and leading to a contraction in gross profit. The table below summarises the key financial highlights:

Management noted that revenue from subcontract work increased rapidly during the current period, while revenue from self-executed works reduced as projects, including those with Bharat Heavy Electricals Limited, are in the initial stage. Preliminary site establishment costs have been incurred for these new projects, but they are not yet contributing meaningful revenue. Additionally, significant increases in material, fuel, transportation, and labour costs further impacted profitability.

Operational Outlook

Despite the current profitability squeeze, the company remains optimistic about its execution capabilities. Management is actively training and recruiting skilled manpower to ensure quality and timely delivery. RPP Infra Projects expects profit levels to improve in the next quarter, with significant revenue contribution anticipated only from Q2 of the next financial year as projects move past their initial stages.

Auditor's Review

M/s. KRSG Associates, Statutory Auditors, audited and reviewed the standalone and consolidated financial results along with 17 joint venture operations for the year ended March 31, 2026. The review confirmed that there are no negative or adverse remarks against the company's financial results.