RRP Semiconductor Ltd: Board Meeting Outcome Includes Financial Results, Legal Action, and Withdrawal Request

RRP Semiconductor Ltd held a board meeting on 14th November, 2025, and approved several matters. The company announced the unaudited financial results for the quarter and six months ended 30th September, 2025, along with a limited review report. Due to contractual disagreements, the company has decided not to execute further orders and reversed part of the revenue in March 2025 quarter. The company has spent Rs. 3.72 Crores + Taxes for site preparation and other contractual requirements. Additionally, the company has returned and reversed such purchase of material from M/s Total Solar Technologies Pvt Ltd. The company has reversed balance revenue of Rs. 6.82 Crores + taxes receivable from the Principal contractor. Legal action has been initiated against a social media influencer for spreading false rumors. The company has deferred the change of name of the company for the time being. The board took note of the request submitted by one of the allottees under the Preferential Issue, Mr. Rajendra Chodankar, but concluded no further action is warranted as no reasons were provided for the proposed withdrawal.