RPP Infra seeks nod for ₹850 crore related party limit

R.P.P Infra Projects Limited has scheduled a postal ballot to seek shareholder approval for the appointment of an independent director and the enhancement of material related party transaction limits with Repplen Projects Private Limited. The remote e-voting process commences at 09:00 a.m. (IST) on Wednesday, June 10, 2026, and concludes at 05:00 p.m. (IST) on Thursday, July 09, 2026. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the e-voting.

The board proposes the appointment of Mr. K Jagannathan (DIN: 11666595) as a Non-Executive Independent Director for a first term of two consecutive years commencing from April 20, 2026. Mr. Jagannathan, a lawyer with 45 years of experience in the corporate sector, was appointed as an additional director on April 20, 2026. Shareholder approval is being sought to regularize his appointment for the term ending April 19, 2028.

Additionally, the company seeks approval to enhance the existing limit for material related party transactions with Repplen Projects Private Limited from ₹665 crore to ₹850 crore. The company has utilized ₹394 crore of the existing limit as on date. The proposed enhancement is necessary to accommodate ongoing transactions, including project-related subcontracts aggregating to approximately ₹29 crore since March 2026, and a new infrastructure project estimated at ₹134.21 crore.

The new project involves the improvement of the Matheran Neral Kalamb road (SH-109) and associated works in the Raigad district, awarded to the company on September 03, 2025. The Audit Committee has reviewed the proposed transactions and confirmed they are on an arm's length basis and in the ordinary course of business. The transactions represent 48.43% of the listed entity's annual consolidated turnover for FY 2025.

Mr. Karthick B, Practicing Company Secretary, has been appointed as the Scrutinizer to conduct the postal ballot voting process. The results of the postal ballot will be announced within two working days of the conclusion of the e-voting period. The notice is available on the company's website.

Details of Work Orders

S.No	Details of Subcontract	Value of Contract (in crores)
1	Formation of Balance Internal Roads including Construction of RCC Side Drain & Culverts and PROVIDING street lights at Mega Leather Park Panapakkam in Ranipet District	38.32
2	Improvement to Kothore Digar Satana Malegaon Chalishgon Pachora Shendurni Pahar Wakadi Road SH-19 KM183/600 to 219/200 Taluka Jammer District Jalgoan, State of Maharashtra	184.41
3	EPC KN-I (5C) - Construction of Concrete Pavement Road & Reconstruction & widening of Bridges Culverts for i) Alibag Bypass Road (Pen Road Junction) to Alibag Roha Junction to Belkade to Garudpada Nagaon Hatale to Revdanda Bridge Road MSH-4 Km.262/500 to 280/745 in the State of Maharashtra	171.13
4	EPC NSKHI (28C) - Improvement to Pachorowadi -Shewale-Satgaon Road SH-40 km 94/600 to 11/350 Tal Pachora Dist Nashik	98.88
5	Construction of customs office, medical facility center, creche buildings, canteen, convention centre, A.O. Block, Entrance arch, plug and play warehouse, water supply system, sewerage system, compound wall at SIP, Panapakkam	108.8
6	KN-II 5A improvement of Matheran Neral Kalamb road SH-109 km, Lobhyanchiwadi Sugve pimpaloli Neral road, MDR 104 Ch.3/00 to 14/00 Tal. Karjat District, Rajghad	134.21
Total Work order		735.75

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.05%	+7.47%	-7.35%	-33.38%	-53.43%	+32.44%

RPP Infra Projects Limited reported an 88.1% decline in standalone net profit to ₹7.79 crore for the financial year ended March 31, 2026, primarily due to increased expenses. Revenue from operations rose 3.3% to ₹1,478.77 crore from ₹1,431.55 crore in the previous year, while total expenses increased to ₹1,488.12 crore compared to ₹1,361.21 crore in FY25. For the quarter ended March 31, 2026, the company reported a net loss of ₹16.45 crore, compared to a net profit of ₹12.56 crore in the same period last year.

The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. M/s. KRSG Associates, Statutory Auditors, issued an unmodified opinion on the financial results. The Board also approved the re-appointment of M/s. KPGS & Associates as Internal Auditors and M/s. Ravichandran Bhagyalakshmi & Associates as Cost Auditors for FY 2026-27, effective May 29, 2026.

Standalone Financial Performance

The company’s standalone financial results for FY26 show a contraction in profitability despite revenue growth. Finance costs for the year increased to ₹15.70 crore from ₹11.53 crore in the previous year. Sub-contractor work bills, a significant expense component, rose to ₹988.41 crore from ₹732.77 crore. The basic earnings per share (EPS) for the year stood at ₹1.57, down from ₹13.20 in FY25.

Metric	FY26 (₹ Crore)	FY25 (₹ Crore)
Revenue from Operations	1,478.77	1,431.55
Total Income	1,501.58	1,447.18
Total Expenses	1,488.12	1,361.21
Net Profit for the Year	7.79	65.47
Basic EPS (₹)	1.57	13.20

Consolidated Results

On a consolidated basis, net profit for the year ended March 31, 2026, fell to ₹7.45 crore from ₹65.29 crore in the previous year. Total income from operations increased to ₹1,518.19 crore from ₹1,455.07 crore. The company reported an exceptional item of ₹2.80 crore during the year. For the quarter ended March 31, 2026, the consolidated net loss was ₹13.13 crore.

Corporate Governance Appointments

In addition to the financial results, the Board approved the re-appointment of auditors and other governance measures. M/s. KPGS & Associates were re-appointed as Internal Auditors to comply with Section 138 of the Companies Act 2013. M/s. Ravichandran Bhagyalakshmi & Associates were appointed as Cost Auditors following the expression of unwillingness by the previous auditor, Mr. Rajam Alwan, due to pre-occupation. The Board also approved the enhancement of the limit for material related party transactions with Repplen Projects Private Limited and a postal ballot notice for the regularization of Mr. K Jagannathan as an Independent Director.