Rap Media , formerly known as RAP MEDIA LIMITED, has released its unaudited financial results for the quarter ended June 30, 2025, revealing a shift from profit to loss compared to the previous quarter. The company, primarily engaged in real estate operations, also announced the sale of its Agra property and set the date for its 31st Annual General Meeting.

Financial Performance

The company reported a standalone loss of Rs 29.75 lakh for the quarter, a significant downturn from the profit of Rs 32.81 lakh recorded in the previous quarter. This decline in performance is reflected in the company's other income, which dropped to Rs 0.49 lakh from Rs 30.17 lakh in the prior quarter.

Operational Highlights

During the quarter, Rap Media made significant investments in its Agra property:

1. The company paid Rs 1.24 crore towards sales tax for increased ground coverage, as per requirements of the Agra Development Authority.
2. An additional Rs 25 lakh was paid to obtain an electricity connection for the property.

These expenses were recorded under Changes in Inventory and Other Expenses in the financial statement.

Property Sale

In a notable development, the company announced that it has sold the Agra property subsequent to the quarter's end. The financial impact of this sale will likely be reflected in the next quarter's results.

Annual General Meeting

The Board of Directors has scheduled the 31st Annual General Meeting (AGM) for September 30, 2025, at 11:00 AM. The meeting will be held via video conferencing or other audio-visual means.

Consolidated Results

The consolidated financial results, which include the performance of White River Properties LLP, show a slightly higher loss of Rs 42.55 lakh for the quarter. This indicates that the subsidiary's performance also contributed to the overall loss for the group.

Rap Media's shift from profit to loss in this quarter, coupled with the sale of its Agra property, suggests a period of transition for the company. Investors and stakeholders will likely be keen to understand the company's strategy moving forward, particularly in light of these recent developments in its real estate operations.

Rap Media , formerly known as RAP Media Limited, has successfully concluded the sale of its immovable property in Agra, Uttar Pradesh, for a substantial sum of Rs 62.12 crores. The company made this announcement in a recent filing to the Bombay Stock Exchange (BSE).

Transaction Details

The property, located at Plot No. 3C, Tajnagari Yojana Phase-1, Agra, Uttar Pradesh, was sold to GSM INDIA, a partnership firm not affiliated with Rap Corp's promoter group. The sale deed was executed on July 31, marking the immediate completion of the transaction.

Financial Implications

According to the company's disclosure, the sold property was held as stock in trade and did not contribute any turnover or revenue in the last financial year. This strategic move aligns with the company's efforts to optimize its asset portfolio.

Shareholder Approval and Regulatory Compliance

The sale received prior approval from shareholders during Rap Corp's 27th Annual General Meeting held on September 30, 2021. This decision demonstrates the company's commitment to transparent corporate governance and shareholder engagement.

In compliance with regulatory requirements, Rap Corp has confirmed that the transaction does not fall under the category of a related party transaction. The company has adhered to the necessary disclosure norms as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Statement

Rupinder Singh Arora, Managing Director of Rap Corp Limited, signed off on the regulatory filing, ensuring full transparency and compliance with BSE listing regulations.

This property sale represents a significant financial transaction for Rap Corp Limited, potentially impacting its balance sheet and providing additional liquidity for future operations or investments.