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.

RRP Semiconductor Limited's statutory auditor, M/s. PAMS & Associates, Chartered Accountants, resigned effective June 26, 2026, citing geographical constraints that made it impractical to efficiently conduct audit procedures. The firm stated that the registered office and operations of RRP Semiconductor Limited are located in Mumbai, while its firm is based in Bhubaneswar. The auditor noted that its Mumbai branch was closed in 2024, and increasing compliance requirements for a listed entity made it difficult to manage the audit remotely from Bhubaneswar.

The resignation was intimated to BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed that the auditor confirmed there are no other material reasons for the resignation and no unresolved issues or qualifications requiring the attention of members or creditors.

Auditor Details and Tenure

M/s. PAMS & Associates was appointed as the statutory auditor on August 28, 2024. The firm's term was scheduled to continue until the conclusion of the 45th Annual General Meeting. The most recent audit report for the year ended March 31, 2026, was submitted on May 29, 2026.

Next Steps

The Audit Committee and Board of Directors of RRP Semiconductor Limited will take note of the resignation in their upcoming meetings. The company stated that it will take necessary steps to fill the casual vacancy caused by the resignation through the appointment of a new statutory auditor. M/s. PAMS & Associates confirmed it will file Form ADT-3 with the Registrar of Companies within the prescribed time.