RPP Infra Projects Limited has secured a significant railway infrastructure contract worth ₹66.26 crores from Indian Port Rail & Ropeway Corporation Limited (IPRCL). The company received the Letter of Acceptance (LoA) for the construction of a roofing shed at New Mangalore Port Authority's marshalling yard.

Project Details and Scope

The contract encompasses detailed engineering, procurement, and construction of a roofing shed for railway lines in the marshalling yard at New Mangalore Port Authority, Mangalore. IPRCL, a Government of India enterprise operating under the Ministry of Ports, Shipping & Waterways, awarded this project following a competitive bidding process.

Performance Security and Compliance Requirements

IPRCL has mandated specific performance security requirements for the project execution. The company must furnish performance security equivalent to 5% of the accepted contract amount within 28 days from the LoA issue date.

Project Timeline and Execution Schedule

The project follows a structured timeline with specific milestones for commencement and execution. The date of commencement is scheduled within seven days from the LoA issuance date, with resource mobilization and execution program submission required within the same timeframe.

Payment Structure and Milestones

IPRCL has established a comprehensive payment schedule based on project completion milestones, ensuring systematic fund disbursement throughout the project lifecycle.

Regulatory Compliance and Documentation

RPP Infra Projects Limited has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both BSE and NSE about this material development. The company has committed to keeping stock exchanges informed of any further material developments regarding this project.

The contract represents a significant business development for RPP Infra Projects Limited, demonstrating the company's capability in railway infrastructure projects and its successful participation in government enterprise tenders. The structured payment schedule and defined completion timeline provide clear project execution parameters for the six-month construction period.

RPP Infra Projects Ltd has received a prosecution sanction order from the Income Tax Department for delayed remittance of Tax Deducted at Source (TDS) worth ₹1.92 crores. The company disclosed this development to stock exchanges on December 15, 2025, under regulatory compliance requirements.

Prosecution Order Details

The Income Tax Department, Coimbatore issued Order No. CMBR03758G/2022-23/ORDER U/S 279(1)/CIT(TDS)/2025-26 dated December 8, 2025. This order sanctions prosecution under Section 279(1) of the Income Tax Act, 1961, for offences under Section 276B(a) read with Section 278B.

Individuals Named in Prosecution

The prosecution sanction covers three entities:

• RPP Infra Projects Limited (the company)
• Smt. Nithya Arulsundaram, Whole-Time Director and CFO
• Shri P. Arul Sundaram, Managing Director

Both directors were identified as persons in charge of and responsible for the conduct of business during the relevant period when the TDS delays occurred.

Company's Response and Current Status

RPP Infra Projects explained that the delay in disclosure arose due to an internal coordination gap during a transition in the company's compliance function. The matter came to the attention of the Secretarial Department during internal coordination, following which prompt steps were taken to assess disclosure requirements.

Financial and Operational Impact

The company clarified that the prosecution sanction order does not impose any immediate monetary penalty or fine. The entire TDS amount along with applicable interest has already been remitted to the credit of the Central Government, ensuring no additional financial liability has crystallized as of the disclosure date.

To avoid penalties, RPP Infra Projects has filed a request for compounding with the Income Tax Department. The financial impact, if any, is yet to be communicated by the statutory authority. The company committed to making necessary disclosures in accordance with applicable regulations upon receipt of such communication.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A, Part A of Schedule III and SEBI Master Circular dated November 11, 2024. The company emphasized that the delay was inadvertent and without any intent to withhold material information from stakeholders.