RPP Infra Projects disclosed that promoter Ms N A Yagavi disposed of 1,407,931 equity shares, representing a 2.84% stake, through open market transactions. The sales took place on August 18, 27, and 28, 2026.

The company filed the disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on September 8, 2026. The filing confirms the reduction in the promoter group's holding following these market sales.

Shareholding Changes

Ms Yagavi's holding in the company decreased significantly after the disposal. Prior to the sale, she held 2,239,283 shares, constituting 4.51% of the total voting capital. After selling 1,407,931 shares, her remaining stake stands at 831,352 shares, or 1.68%.

The total equity share capital of RPP Infra Projects remained unchanged at 49,585,918 shares before and after the transaction. No encumbrances, warrants, or convertible securities were involved in the disposal.

What the Numbers Show

The disposal reduced Ms Yagavi's stake by more than half, dropping from 4.51% to 1.68%. This significant reduction in promoter group holding occurred entirely through open market sales over three trading days in late August.

RPP Infra Projects reported a sharp decline in standalone Profit After Tax to ₹7.79 crore in FY26, down from ₹65.47 crore in the previous year, even as revenue from operations grew to ₹1,478.77 crore. The company has scheduled its 31st Annual General Meeting (AGM) for Friday, September 25, 2026 at 12:15 p.m. via Video Conferencing/Other Audio-Visual Means (VC/OAVM).

FY26 Financial Performance

Despite revenue growth, profitability was significantly impacted during the year. The decline was attributed primarily to a higher proportion of subcontracted works carrying lower margins, reduced contribution from self-executed projects, and upfront mobilisation costs on major contracts — including projects awarded by Bharat Heavy Electricals Limited (BHEL) — that had not yet reached meaningful revenue recognition stages. Geopolitical tensions affecting global commodity and material costs also exerted pressure on project margins.

The following table summarises the standalone and consolidated financial highlights for FY26:

EBITDA on a standalone basis declined to ₹37.31 crore in FY26 from ₹107.08 crore in FY25. Total standalone expenses rose to ₹1,488.12 crore from ₹1,361.21 crore in the previous year. The Board has not declared any dividend for FY26, citing the need to conserve resources and strengthen financial and operational performance.

Five-Year Financial Trajectory

Over the five-year period, RPP Infra Projects' Income from Operations nearly doubled from ₹779.82 crore in FY22 to ₹1,478.77 crore in FY26. Net worth rose from ₹317.61 crore to ₹526.44 crore, while total assets expanded from ₹738.67 crore to ₹1,013.64 crore over the same period.

Order Book and Business Segments

The company secured order inflows of ₹2,470.14 crore during FY26. As on the date of the Directors' Report, the order book comprised 39 projects with an aggregate unexecuted order value of ₹3,750.83 crore. A separate figure of ₹3,978.33 crore is cited in the Management Discussion and Analysis as the total order book providing revenue visibility.

The order book composition by segment is as follows:

Revenue contribution by segment during FY26:

AGM and E-Voting Details

The 31st AGM will be held on Friday, September 25, 2026 at 12:15 p.m. (IST) through VC/OAVM. The Register of Members and Share Transfer Books will remain closed from Saturday, September 19, 2026 to Friday, September 25, 2026 (both days inclusive). Remote e-voting will be facilitated through CDSL.

Shareholders wishing to speak at the meeting must register by sending an email to secretary@rppipl.com mentioning their name, demat account/folio number, email id, and mobile number at least three days prior to the meeting, i.e., by September 22, 2026.

AGM Agenda

The ordinary and special business items to be transacted at the 31st AGM include:

• Adoption of standalone and consolidated audited financial statements for the year ended March 31, 2026, along with the Board and Auditors' reports
• Re-appointment of Mrs. A Nithya (DIN: 00125357), who retires by rotation and is eligible for re-appointment
• Ratification of remuneration of ₹1,20,000/- (Rupees One Lakh Twenty Thousand only), excluding applicable taxes and reimbursement of out-of-pocket expenses, payable to M/s. Ravichandran Bhagyalakshmi and Associates, Cost Accountants (Firm Registration No. 001253), as Cost Auditors for FY27

Credit Ratings and Governance

During FY26, CRISIL reaffirmed the company's ratings: CRISIL BBB+/Stable for long-term facilities and CRISIL A2 for short-term facilities. The Secretarial Audit noted two observations: the Board composition fell below the minimum independent director requirement between November 18, 2025 and January 13, 2026 (subsequently rectified with the appointment of Mr. K. Nandhiswaran on January 14, 2026), and BSE Limited imposed a monetary penalty of ₹29,500 on the company for delay in dissemination of related party transaction disclosures under Regulation 23(9) of the SEBI (LODR) Regulations, 2015 for the half year ended September 30, 2025, which has since been paid.