RRP Semiconductor Limited (formerly G D Trading & Agencies Limited) filed its Business Responsibility and Sustainability Report (BRSR) for FY26 on September 7, 2026. The filing reveals the company recorded no semiconductor trading activity during the year due to a pending open offer with SEBI.

The company reported a turnover of ₹(6,82,14,286) and a net worth of ₹9,04,34,264.17. Despite the lack of core business activity, RRP Semiconductor maintains a paid-up capital of ₹14,12,40,000.

Regulatory Scrutiny and Compliance

The report highlights significant regulatory actions against the entity. On April 10, 2026, SEBI passed an interim order restraining certain entities from dealing in the company's securities. The order cited prima facie findings of a coordinated scheme involving preferential allottees and trading entities, indicative of price manipulation.

Additionally, BSE withdrew listing approval for a preferential issue of 1,35,24000 equity shares in April 2025. The company has appealed this decision to the Securities Appellate Tribunal (SAT), which directed the maintenance of status quo. RRP also paid a penalty of ₹11,800 to BSE for delayed compliance with Regulation 44(3) of SEBI LODR for September 2025.

Operational and Governance Metrics

RRP Semiconductor operates from a single location in Thane, Maharashtra, with no international presence or export activities. The workforce consists of only 3 permanent employees, comprising two males and one female. There were no workers employed during the period.

The company voluntarily contributed ₹7,75,000 to Shri Giri Govardhan Trust for animal welfare and education initiatives, despite CSR not being applicable under Section 135 of the Companies Act, 2013. Board representation includes three women, accounting for 50% of the total six directors.

What the Numbers Show

The disclosure of a negative turnover alongside a positive net worth suggests the company incurred expenses exceeding its operational income, likely driven by compliance costs and regulatory penalties rather than core business losses. With zero revenue from semiconductor trading and an active SEBI investigation freezing equity shares, the firm's financial position appears constrained by legal proceedings rather than market demand.

RRP Semiconductor Limited reported a net loss of ₹32.89 lakh for the quarter ended June 30, 2026, widening 14% from the previous year’s loss of ₹28.83 lakh.

The company generated zero revenue from operations during the period. The Board approved the unaudited results on August 13, 2026, and confirmed the schedule for the 46th Annual General Meeting on September 30, 2026.

Financial Performance

Total income stood at ₹1.75 lakh, comprising entirely of other income. This contrasts with total expenses of ₹12.65 lakh, resulting in a pre-tax loss of ₹10.91 lakh.

What the Numbers Show

The widening net loss was primarily driven by non-operational factors rather than operating performance. While the pre-tax loss narrowed significantly from ₹28.83 lakh in Q1 FY26 to ₹10.91 lakh in Q1 FY27 due to lower expenses, the final net loss widened because of a ₹21.98 lakh provision for current tax relating to prior years. This exceptional tax charge more than doubled the pre-tax deficit, indicating that the deterioration in bottom-line profitability is attributable to regulatory adjustments rather than operational cash burn.

Corporate Actions

The Board approved the following corporate governance updates:

• Rescheduled the 46th AGM to September 30, 2026, at 2:00 pm via Video Conferencing.
• Closed the register of members and share transfer books from September 24 to September 30, 2026.
• Fixed September 23, 2026, as the cut-off date for determining voting eligibility.
• Appointed Bigshare Services Private Limited for e-voting and Purva Sharegistry for VC facilities.
• Reconstituted Board Committees, including Audit, Nomination, and Risk Management.

E-Voting Details

Remote e-voting will commence on September 27, 2026, at 9:00 am and end on September 29, 2026, at 5:00 pm. Members holding shares as on the cut-off date of September 23, 2026, are entitled to vote. The facility is provided through Bigshare’s i-Vote platform.

The Annual Report for FY26 and the Notice convening the 46th Annual General Meeting have been sent in electronic mode to members with registered email IDs. The documents are also available on the company website and stock exchange portals.

Compliance and Shareholder Updates

In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company dispatched letters to members without registered email addresses. These letters provide web-links to access the 46th Annual Report for FY25-26 and the Notice convening the 46th AGM.

Shareholders holding securities in physical mode are reminded to update KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. This includes recording PAN, address with PIN code, mobile number, bank account details, specimen signature, and choice of nomination. Payments for folios lacking updated details will be made only through electronic mode effective April 1, 2024.