RRP Semiconductor has accepted the resignation of its current statutory auditor, M/s. PAMS & Associates, and appointed M/s. Lipika and Associates as the new statutory auditor for a term of five years. The decision was taken during a board meeting held on July 20, 2026, via hybrid mode. The appointment is subject to shareholder approval at the ensuing Annual General Meeting.

The resignation of M/s. PAMS & Associates, Chartered Accountants (FRN: 316079E), was effective from June 26, 2026. The firm cited geographical constraints as the reason, noting that the company's registered office and operations in Mumbai made it practically challenging to devote adequate time and resources from their Bhubaneswar location. The firm confirmed there were no material reasons for resignation other than those stated and no unresolved issues.

Following the recommendation of the Audit Committee, the board proposed the appointment of M/s. Lipika and Associates, Chartered Accountants (FRN: 145364W). The firm, established in 2017 and headquartered in Noida with a branch in Mumbai, has been appointed for the term from Financial Year 2026-2027 to 2030-2031. The firm holds a Peer Review Certificate from ICAI valid till January 31, 2029.

The intimation regarding the board meeting outcome was submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Manas Ranjan Palo, Managing Director, signed the disclosure.

The Bombay Stock Exchange (BSE) has issued a stark warning to investors regarding RRP Semiconductor , following an unprecedented 12,500% increase in the company's stock price over the past year. This advisory comes amidst concerns over misinformation circulating on social media platforms and uncertainty surrounding recent developments.

Stock Price Surge and Valuation Concerns

RRP Semiconductor's stock has experienced a meteoric rise, climbing from Rs 15.00 to Rs 11,784.00 per share since April 2024. This extraordinary growth has pushed the company's price-to-earnings (P/E) ratio to an alarming 1,410 times, significantly outpacing the benchmark NSE Nifty 50's P/E ratio of 23 times.

BSE's Concerns and Company Actions

The BSE cited two primary reasons for issuing the investor advisory:

1. Misinformation circulating on social media
2. Uncertainty around recent developments related to the company

In response to these issues, RRP Semiconductor has taken the following actions:

• Filed a police complaint against misleading stock recommendations spread illegally on social media platforms
• Denied any association with former cricketer Sachin Tendulkar
• Refuted claims of Maharashtra government land allotments

Corporate Governance Measures

In a significant move, RRP Semiconductor's board is considering withdrawing preferential equity share allotments previously issued to both promoters and non-promoters. This decision could potentially impact the company's shareholding structure and future stock performance.

Investor Caution Advised

Given the extraordinary price movement and the concerns raised by the BSE, investors are urged to exercise caution and conduct thorough due diligence before making any investment decisions related to RRP Semiconductor. The situation underscores the importance of verifying information from reliable sources and being wary of unsolicited stock recommendations, especially those circulating on social media platforms.

As the story continues to unfold, market participants will be closely watching for any further developments or regulatory actions concerning RRP Semiconductor and its stock performance.