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RPPINFRA - RPP Infra Proj.

📊 NSE: RPPINFRA 🏢 Construction 📅 Last Updated: 12/14/2025 12:28

📢 Recent Corporate Announcements

RPP Infra Projects Independent Director Venkatesan Elliah Naidu Resigns Effective March 2, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 03 Mar 2026, 12:55 PM

R.P.P. Infra Projects Limited has announced the resignation of Mr. Venkatesan Elliah Naidu from his position as an Independent Director, effective March 2, 2026. The director cited personal reasons for his departure and confirmed that there are no other material reasons for his resignation. As a result of this exit, he will also cease to be a member of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. The company will need to appoint a successor to maintain the required composition of these key board committees.

Resignation of Independent Director Venkatesan Elliah Naidu effective from the closure of business hours on March 2, 2026.
The director will vacate positions in the Audit, Nomination and Remuneration, and Stakeholders Relationship Committees.
Formal confirmation provided that there are no material reasons for the resignation other than personal ones.
The outgoing director holds no other directorships in listed entities as per the disclosure.

💡 Investors should monitor the company's future filings for the appointment of a new Independent Director to ensure continued compliance with corporate governance norms.

RPP Infra Projects to Pay Rs 87.6 Lakh Compounding Fee for Income Tax TDS Delays

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 02 Mar 2026, 04:50 PM

R.P.P. Infra Projects Limited has received a compounding order from the Chief Commissioner of Income Tax (TDS) regarding delays in TDS remittances for FY 2018-19 and FY 2022-23. The company is required to pay a total compounding fee of approximately Rs 87.63 lakh to regularize these historical offences under Section 276B of the Income Tax Act. Management stated the delays were due to reconciliation issues on the TRACES portal which have now been regularized. The financial impact will be recorded as 'Other Expenses' in the profit and loss account for the fiscal year 2025-26.

Compounding order received for offences under Section 276B of the Income Tax Act 1961.
Total compounding fee of Rs 87,62,759 to be paid for two separate financial years.
Breakdown includes Rs 72.18 lakh for FY 2018-19 and Rs 15.45 lakh for FY 2022-23.
Delays attributed to technical non-reflection of remitted amounts in the TRACES portal.
The expense will be reflected in the financial statements for FY 2025-26.

💡 This is a minor regulatory settlement regarding historical compliance issues and does not impact the company's core operations. Investors should treat this as a routine cleanup of past administrative delays with negligible impact on the company's valuation.

RPP Infra Promoters Transfer 8.07% Stake to Ms. N A Tharunya via Inter-se Gift

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 26 Feb 2026, 06:05 PM

R.P.P. Infra Projects has disclosed an inter-se transfer of 4,000,000 equity shares, representing 8.07% of the company's share capital, within the promoter group. The shares were transferred as a gift from promoters Mr. P. Arul Sundaram and Mrs. A. Nithya to Ms. N A Tharunya, an immediate relative, for family succession planning. This transaction results in no change in the overall promoter group holding or management control of the company. The acquisition was completed on February 24, 2026, at nil cost per share.

Inter-se transfer of 4,000,000 shares (8.07% stake) within the promoter group executed as a gift.
Ms. N A Tharunya's individual shareholding increased from 0.11% to 8.18% post-transaction.
Mrs. A. Nithya transferred 39,80,000 shares, reducing her personal stake from 15.53% to 7.50%.
The transfer was conducted under SEBI (SAST) Regulation 10(1)(a)(i) for succession planning purposes.
No change in the total promoter group shareholding or control of the company occurred.

💡 This is a routine internal restructuring of promoter holdings for succession planning and does not impact the company's fundamentals. Investors should focus on the company's order book and quarterly financial performance instead.

RPP Infra Secures Rs. 205.89 Crore EPC Order for Global Sports City, Chennai

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 20 Feb 2026, 03:07 PM

R.P.P. Infra Projects Limited has been awarded a significant contract worth Rs. 205.89 crore by the Sports Development Authority of Tamil Nadu. The project involves the design, engineering, procurement, and construction (EPC) of the Global Sports City in Chennai. The execution period for this project is set at 18 months from the date of site handover. This order strengthens the company's domestic order book and provides clear revenue visibility for the next six quarters.

Total contract value is Rs. 205,89,14,000 (inclusive of 18% GST)
Project involves the establishment of Global Sports City, Chennai on an EPC basis
Execution timeline is 18 months from the date of handing over the site
Contract awarded by the Sports Development Authority of Tamil Nadu (SDAT)
Performance Security Deposit required is 3% of the contract value (Rs. 6.17 crore)

💡 Investors should monitor the company's execution pace and margin performance on this project, as it represents a healthy addition to the order book. The 18-month timeline suggests a relatively fast-paced revenue recognition cycle.

R.P.P. Infra Projects Bags Rs 52.17 Crore Order for Flood Mitigation in Tamil Nadu

🟢 POSITIVE ⭐ 6/10

ROUTINE 📅 19 Feb 2026, 11:11 AM

R.P.P. Infra Projects Limited has secured a new work order worth Rs 52.17 crore from the Water Resources Department of Tamil Nadu. The project involves flood mitigation works for the Global Sports City at Semmancheri, Chennai, including the formation of new tanks and construction of drainage channels. The contract is a domestic project with a completion timeline of 12 months. This win enhances the company's order book visibility and demonstrates its continued presence in state-level infrastructure projects.

Total order value is Rs 52,17,05,486 for flood mitigation infrastructure.
Project awarded by the Water Resources Department, Tamil Nadu (Palar Basin Circle).
Execution timeline is set for 12 months from the date of the agreement.
Scope includes formation of new tanks, construction of earthen drains, and capacity enhancement of surrounding tanks.
The contract was secured through a competitive bidding process with a bid 0.02% below the estimate.

💡 Investors should view this as a positive addition to the company's order pipeline. Monitor the company's ability to maintain margins and execute the project within the 12-month timeframe.

RPP Infra Projects Seeks Approval for Appointment of Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 18 Feb 2026, 03:56 PM

R.P.P. Infra Projects Limited has issued a Postal Ballot notice to shareholders for the appointment of Mr. K Nandhiswaran as a Non-Executive Independent Director. The proposed appointment is for a five-year term effective from January 14, 2026, to January 13, 2031. Shareholders can cast their votes through a remote e-voting process that begins on February 19, 2026, and concludes on March 20, 2026. This move follows the Board's recommendation to regularize the appointment as per SEBI and Companies Act regulations.

Appointment of Mr. K Nandhiswaran as Independent Director for a 5-year term starting January 14, 2026.
Remote e-voting period set from February 19, 2026 (09:00 AM) to March 20, 2026 (05:00 PM).
Cut-off date for determining shareholder eligibility for voting is February 13, 2026.
The resolution is proposed as a Special Resolution via Postal Ballot as per SEBI Listing Regulations.
Results of the Postal Ballot will be announced within 2 working days of the conclusion of e-voting.

💡 This is a routine governance matter regarding board composition; investors should review the director's credentials in the explanatory statement and ensure they vote before the March 20 deadline.

R.P.P. Infra Projects Receives Investigation Notice from ROC Coimbatore

🔵 WATCH ⭐ 7/10

REGULATORY 📅 18 Feb 2026, 02:45 PM

R.P.P. Infra Projects Limited has received a formal notice of investigation from the Registrar of Companies (ROC), Coimbatore, on February 17, 2026. The authority has requested specific data, documents, and information for examination, although the exact nature of the alleged violations has not been disclosed. The company has stated that it continues to operate in its normal course of business and is cooperating with the ROC and Ministry of Corporate Affairs. Investors should remain cautious as the outcome of such investigations can lead to penalties or reveal governance concerns.

Notice of investigation received from ROC Coimbatore on February 17, 2026
Authority has sought data, documents, and information for formal examination
Company confirms that business operations are continuing in the normal course
RPPINFRA has committed to full cooperation with ROC and MCA during the process
Final impact remains unquantified until the ROC issues a concluding order

💡 Investors should monitor the stock closely for further disclosures regarding the specific nature of the ROC inquiry. Avoid aggressive positions until the regulatory body provides a final order or clears the company of any wrongdoing.

R.P.P. Infra Projects Receives Investigation Notice from ROC Coimbatore

🔵 WATCH ⭐ 7/10

REGULATORY 📅 17 Feb 2026, 06:15 PM

R.P.P. Infra Projects Limited has received a formal notice of investigation from the Registrar of Companies (ROC), Coimbatore. The regulatory body has requested specific data, documents, and information for examination, although the specific grounds for the investigation were not detailed in the disclosure. The company has stated that it continues to operate in its normal course of business and intends to cooperate fully with the ROC and Ministry of Corporate Affairs. This development introduces a level of regulatory risk that warrants close monitoring by shareholders.

Received a formal notice of investigation from the Registrar of Companies (ROC), Coimbatore
ROC has sought data, documents, and information for examination under regulatory provisions
Company confirms it remains operational in the normal course of business
Management has committed to full cooperation with the ROC and MCA during the process

💡 Investors should maintain a cautious stance and monitor subsequent disclosures for the specific nature and outcome of the ROC investigation. Avoid aggressive positions until the regulatory body provides a clearance or the scope of the inquiry is clarified.

RPP Infra Q3 PAT Drops 96% to ₹0.67 Cr; Order Book Strong at ₹3,964 Cr

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 14 Feb 2026, 04:22 PM

RPP Infra reported a sharp 96% QoQ decline in standalone PAT to ₹0.67 crore for Q3 FY26, despite a 19% growth in revenue to ₹375.59 crore. The profitability was severely impacted by high initial setup costs for new self-executed projects and a higher proportion of lower-margin sub-contracted work. On a positive note, the company maintains a robust order book of ₹3,963.66 crore, including a major ₹1,126.50 crore BHEL project. Management expects a significant revenue and margin recovery starting Q1 FY27 as ₹1,600 crore worth of projects enter the execution phase.

Standalone PAT plummeted 96% QoQ to ₹0.67 crore, with EBITDA margins shrinking from 8.19% to 1.90%.
Total outstanding order book stands at ₹3,963.66 crore, with ₹2,336.78 crore in new projects awarded during the current year.
Secured a massive ₹1,126.50 crore BHEL project requiring a ₹62 crore factory setup in Varanasi, expected to be operational by May 2026.
Revenue grew 19% QoQ to ₹375.59 crore, but operating costs rose 30% to ₹349.41 crore due to project transitions.
Management is targeting ₹1,600 crore of project execution to begin contributing to the top line by the end of Q4 FY26.

💡 Investors should exercise caution as the sharp margin contraction indicates short-term execution hurdles and high overheads. Monitor the timely completion of the Varanasi factory and the transition of the ₹1,600 crore project pipeline into the revenue-generating phase before considering fresh entries.

RPP Infra Q3 FY26: Revenue Up 6% YoY to ₹378 Cr, Net Profit Slumps 96% to ₹0.67 Cr

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 12 Feb 2026, 08:40 PM

RPP Infra Projects Limited reported a marginal 6.2% YoY increase in consolidated revenue to ₹378.37 crore for the quarter ended December 31, 2025. However, the company faced a severe profitability crunch as consolidated net profit crashed by 96.4% to ₹0.67 crore, down from ₹18.87 crore in the same period last year. This decline was driven by a sharp rise in total expenses, which reached ₹381.20 crore, nearly wiping out operating margins. Additionally, the board approved the regularization of Mr. K Nandhiswaran as an Independent Director for a five-year term.

Consolidated Revenue from Operations increased 6.2% YoY to ₹378.37 crore from ₹356.18 crore.
Consolidated Net Profit plummeted 96.4% YoY to ₹0.67 crore compared to ₹18.87 crore in Q3 FY25.
Total Expenses rose significantly to ₹381.20 crore, driven largely by sub-contractor work bills and construction costs.
Earnings Per Share (EPS) for the quarter fell to ₹0.14 from ₹4.95 in the previous year's corresponding quarter.
The Board approved a postal ballot for the appointment of Mr. K Nandhiswaran as an Independent Director for 5 years.

💡 Investors should exercise caution as the company's margins have been severely eroded despite stable revenue growth. It is critical to investigate the cause of the sudden spike in sub-contractor and construction expenses before making further commitments.

RPP Infra: Promoter Inter-se Transfer of 39.60 Lakh Shares (7.99%) via Gift

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 02 Feb 2026, 11:11 AM

Ms. N A Tharunya, a promoter of R.P.P. Infra Projects, is set to acquire 39,60,000 equity shares from Ms. Nithya Arulsundaram (Whole-time Director and CFO). This transaction represents a 7.99% stake in the company and is being executed as a gift between immediate relatives. The transfer is scheduled to occur on or after February 6, 2026, and will not change the overall promoter group holding. Post-transaction, the acquirer's stake will rise to 8.18% while the seller's stake will reduce to 7.50%.

Proposed inter-se transfer of 39,60,000 equity shares representing 7.99% of total share capital.
The transaction is a gift between immediate relatives within the promoter group.
Acquirer Ms. N A Tharunya's holding will increase from 0.19% to 8.18%.
Seller Ms. Nithya Arulsundaram's holding will decrease from 15.49% to 7.50%.
The transfer is exempt from open offer requirements under SEBI SAST Regulation 10(1)(a)(i).

💡 This is a routine internal restructuring within the promoter family and does not impact the company's fundamentals or total promoter control. No action is required from retail investors.

R.P.P. Infra Projects Reports Proposed Inter-se Promoter Share Transfer

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 14 Jan 2026, 07:15 PM

R.P.P. Infra Projects Limited has submitted a disclosure under Regulation 10(5) of the SEBI (SAST) Regulations, 2011. This regulation pertains to prior intimation for a proposed acquisition of shares that is exempt from open offer requirements, typically involving transfers between promoters or family members. The disclosure was signed by Arulsundaram Nithya, indicating a realignment of holdings within the promoter group. Such transactions generally do not change the total promoter holding but redistribute individual ownership.

Disclosure filed under Regulation 10(5) of SEBI Takeover Regulations for proposed share acquisition.
The filing serves as a mandatory prior notice for an exempt transfer of shares.
Document signed by Arulsundaram Nithya on January 14, 2024, as part of compliance requirements.
The transaction is likely an inter-se transfer among the promoter group and not a market sale.

💡 Investors should monitor future filings to see the exact volume of shares transferred and confirm the final promoter holding structure. No immediate action is necessary as this is a routine internal ownership adjustment.

RPP Infra Appoints New Independent Director and Company Secretary Amid Board Reconstitution

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 14 Jan 2026, 02:21 PM

R.P.P. Infra Projects Limited has announced a significant update to its leadership team, appointing Mr. Kotiswaran Nandhiswaran as an Independent Director for a five-year term. Mr. I Selvam has also been appointed as the Company Secretary and Compliance Officer, effective January 14, 2026. These appointments follow the resignations of two Independent Directors and the previous Company Secretary in late 2025. The company has subsequently reconstituted its various board committees to remain in compliance with SEBI regulations.

Mr. Kotiswaran Nandhiswaran (CA/CS) appointed as Independent Director for a 5-year tenure starting Jan 14, 2026.
Mr. I Selvam (ACS 79000) appointed as Company Secretary and Compliance Officer with 11 years of experience.
Resignations of Independent Directors Mr. Sundararajan and Mr. N.R. Thangavel noted, effective Nov 18, 2025.
Resignation of former Company Secretary Mr. Shammi Prakash noted, effective Dec 5, 2025.
Board committees reconstituted to ensure compliance with SEBI Listing Regulations and the Companies Act, 2013.

💡 Investors should view this as a routine management transition and monitor if the new board composition and leadership impact the company's governance or strategic direction.

RPP Infra Appoints New Independent Director and CS; Reconstitutes Board Committees

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 14 Jan 2026, 02:14 PM

R.P.P. Infra Projects Limited has announced a series of leadership changes following its board meeting on January 14, 2026. Mr. Kotiswaran Nandhiswaran, a Chartered Accountant with over 39 years of experience, has been appointed as an Independent Director for a five-year term. The company also appointed Mr. I Selvam as the new Company Secretary and Compliance Officer. These moves follow the resignations of two independent directors and the previous company secretary in late 2025, leading to a full reconstitution of various board committees.

Mr. Kotiswaran Nandhiswaran appointed as Independent Director for a 5-year tenure starting January 14, 2026.
Mr. I Selvam appointed as Company Secretary and Compliance Officer effective January 14, 2026.
Noted resignations of Independent Directors Mr. Sundararajan and Mr. N.R. Thangavel effective November 18, 2025.
Noted resignation of former Company Secretary Mr. Shammi Prakash effective December 5, 2025.
Board committees reconstituted to ensure compliance with SEBI Listing Regulations and the Companies Act, 2013.

💡 Investors should view these changes as routine corporate governance updates. Monitor the company's future filings to ensure the new leadership maintains operational stability and regulatory compliance.

RPP Infra Appoints New Independent Director and CS; Notifies Board Resignations

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 14 Jan 2026, 02:01 PM

R.P.P. Infra Projects Limited has announced a leadership reshuffle following its board meeting on January 14, 2026. The company appointed Mr. Kotiswaran Nandhiswaran, a Chartered Accountant with over 39 years of experience, as an Independent Director for a five-year term. Additionally, Mr. I Selvam has been appointed as the new Company Secretary and Compliance Officer. These moves follow the resignations of two Independent Directors in November 2025 and the previous Company Secretary in December 2025. The board has also reconstituted its various committees to remain compliant with SEBI regulations.

Mr. Kotiswaran Nandhiswaran appointed as Independent Director for a 5-year tenure starting January 14, 2026.
Mr. I Selvam, with 11 years of experience, appointed as Company Secretary and Compliance Officer.
Resignations of Independent Directors Mr. Sundararajan and Mr. N.R. Thangavel effective from November 18, 2025.
Resignation of former Company Secretary Mr. Shammi Prakash effective from December 5, 2025.
Board committees reconstituted to ensure regulatory compliance following the leadership changes.

💡 No immediate action is required as these are standard governance updates to fill vacant positions. Investors should monitor if the new leadership enhances corporate governance and oversight.

View All RPPINFRA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue is distributed across three primary segments: Water Management contributed INR 709.25 Cr (49.54% of revenue), Infrastructure contributed INR 518.77 Cr (36.24%), and Buildings contributed INR 203.54 Cr (14.22%). Total standalone revenue grew 7.44% YoY to INR 1,431.55 Cr in FY25.

Geographic Revenue Split

The company maintains a concentrated presence in Southern India, specifically Tamil Nadu, Karnataka, Telangana, and Andhra Pradesh, with additional operations in Maharashtra and the Union Territory of Andaman Nicobar Islands. Specific percentage splits per state are not disclosed.

Profitability Margins

Standalone PAT margin marginally declined from 4.75% in FY24 to 4.52% in FY25 due to lower non-operational income. However, consolidated PAT increased 14.14% to INR 65.29 Cr in FY25. Gross margins in recent quarters (Q2 FY26) stood at 14.89% compared to 11.16% in the previous year.

EBITDA Margin

EBITDA margin improved to 6.46% in FY25 from 5.25% in FY24, driven by lower raw material costs and operational efficiencies. Project-level EBITDA is targeted at 12-13% by focusing on small to medium-sized projects.

Capital Expenditure

The company maintains a significant captive equipment bank valued at INR 150.86 Cr to support self-execution of projects and reduce reliance on external rentals.

Credit Rating & Borrowing

Infomerics upgraded the long-term rating to IVR BBB+ (Stable) in 2025. Brickwork Ratings reaffirmed BWR BB- (Stable) but moved it to 'Issuer Not Cooperating' for specific facilities. Interest coverage ratio improved significantly to 8.02x in FY25 from 5.83x in FY24.

⚙️ Operational Drivers

Raw Materials

Key materials include cement, steel, bitumen, and aggregates. While specific cost percentages per material are not disclosed, total costs increased to INR 1,361.21 Cr in FY25, representing approximately 95% of standalone revenue.

Import Sources

Sourced primarily from domestic markets within India, specifically from states where projects are executed such as Tamil Nadu, Maharashtra, and Karnataka to minimize logistics costs.

Key Suppliers

Not specifically named in the documents, though the company maintains long-term relationships with suppliers established over three decades of operations.

Capacity Expansion

The company has executed 200+ civil construction projects to date. Current capacity is reflected in an unexecuted order book of INR 2,802.00 Cr as of June 30, 2025, which is 1.93 times its FY25 revenue.

Raw Material Costs

Raw material costs are a major component of the INR 1,361.21 Cr total expenses. EBITDA margins improved by 1.21 percentage points in FY25 specifically due to a reduction in raw material price volatility.

Manufacturing Efficiency

The company utilizes a talent pool of 403+ employees and its own equipment bank of INR 150.86 Cr to maintain onsite operational control and accelerate project completion.

Logistics & Distribution

Distribution costs are managed by focusing on regional clusters in Southern India to optimize the movement of captive equipment and manpower.

📈 Strategic Growth

Expected Growth Rate

22.30%

Growth Strategy

The company targets a CAGR of 22.30% by focusing on small to medium government projects (under INR 250 Cr) with durations under 24 months. This niche strategy avoids competition with larger EPC firms and ensures higher project-level EBITDA of 12-13%. Growth is supported by a robust order book of INR 2,802 Cr and expansion into water management, which now accounts for nearly 50% of revenue.

Products & Services

EPC services for highways, roads, bridges, water management systems, irrigation projects, mass housing, and power infrastructure.

Brand Portfolio

RPP Infra Projects Limited (RPPIPL).

New Products/Services

Increased focus on 'Water Management' and 'Mass & Affordable Housing' segments, with water management now contributing 49.54% of total revenue.

Market Expansion

Expansion beyond traditional Southern strongholds into Maharashtra and Andaman Nicobar Islands to diversify the geographic risk profile.

Market Share & Ranking

Identified as a leading integrated EPC company in India, particularly in the small-to-medium government project niche.

Strategic Alliances

The company utilizes strategic sub-contracting partnerships for specific project components while maintaining core execution in-house.

🌍 External Factors

Industry Trends

The industry is shifting toward integrated EPC models. RPP is positioned to benefit from the Indian government's focus on water management (Jal Jeevan Mission) and affordable housing.

Competitive Landscape

Faces competition from a large number of regional infrastructure companies and larger national firms with stronger financial resources.

Competitive Moat

The moat consists of a 30-year track record and a specialized focus on 'small-ticket' government projects that are too small for major players but require high technical qualification, creating a barrier for smaller unorganized players.

Macro Economic Sensitivity

Highly sensitive to government infrastructure budgets and interest rate fluctuations, which impact the cost of bank guarantees and working capital.

Consumer Behavior

Demand is driven by public policy and government infrastructure requirements rather than individual consumer trends.

Geopolitical Risks

Minimal direct impact due to domestic focus, though global commodity price shifts (oil/steel) affect local input costs.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Companies Act 2013, SEBI guidelines, and Ind AS accounting standards. Project execution must meet specific government technical and safety specifications.

Environmental Compliance

The company maintains practices for preserving the environment and adheres to safety standards across all construction sites.

Taxation Policy Impact

The company follows standard Indian corporate tax rates; specific effective tax rate % not provided in the snippets.

Legal Contingencies

The company monitors substantial defaults in payments to creditors and stakeholders through its Audit Committee. No specific high-value pending court cases were detailed in the provided text.

⚠️ Risk Analysis

Key Uncertainties

Tender-driven business nature (high impact on revenue predictability), volatility in input prices (impacts margins by 1-2%), and project execution delays.