RPP Infra Projects Limited has informed stock exchanges about the resignation of its Independent Director Mr. Venkatesan Elliah Naidu, effective March 02, 2026. The announcement was made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director Resignation Details

Mr. Venkatesan Elliah Naidu (DIN: 07389056) submitted his resignation letter dated March 02, 2026, citing personal reasons for his departure. The resignation becomes effective from the closure of business hours on March 02, 2026.

Committee Memberships Impact

With his resignation as Independent Director, Mr. Naidu will simultaneously cease to be a member of three key board committees:

• Audit Committee
• Nomination and Remuneration Committee
• Stakeholders Relationship Committee

This departure will require the company to reconstitute these committees to maintain regulatory compliance and governance standards.

Board Acknowledgment and Compliance

The Board of Directors has placed on record its sincere appreciation for the contributions and guidance provided by Mr. Naidu during his association with the company. In accordance with regulatory requirements, Mr. Naidu confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter.

The company has fulfilled all disclosure requirements under the SEBI Master Circular dated November 11, 2024, by providing complete details of the directorship change to both BSE and NSE.

RPP Infra Projects Ltd has received a compounding order from the Chief Commissioner of Income Tax (TDS) for delays in Tax Deducted at Source (TDS) remittance during two financial years. The company disclosed this development under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Compounding Order Details

The Chief Commissioner of Income Tax (TDS) has approved the compounding of offences under section 276B of the Income Tax Act, 1961. The company received the order on February 27, 2026, covering violations in two separate financial years.

Financial Impact

The compounding order requires RPP Infra Projects to pay penalties totaling Rs. 87.62 lakh across the two financial years. The breakdown of compounding fees demonstrates the varying severity of delays in different periods.

Reason for Delays

The company attributed the TDS remittance delays to reconciliation issues arising from technical problems with the TRACES portal. According to the disclosure, the remitted amounts were not reflected in the TRACES portal, creating reconciliation challenges. The company has since regularised these issues to prevent future occurrences.

Accounting Treatment

RPP Infra Projects will record the compounding fees as other expenses in its profit and loss account for FY 2025-26. This accounting treatment will impact the company's profitability for the current financial year, as the penalties represent non-operational expenses arising from regulatory compliance issues.