RPP Infra Projects: 94,666 Shares Forfeited Over Unpaid Calls

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AuthorAnanya Iyer|Published at:
RPP Infra Projects: 94,666 Shares Forfeited Over Unpaid Calls
Overview

RPP Infra Projects Ltd has filed its Q4 FY26 share capital audit. The report reconciles issued and listed shares, explaining a difference by the forfeiture of 94,666 partly paid shares for non-payment of call money. A gift transfer between promoters was also noted, with no change in company control.

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RPP Infra Projects Ltd Share Capital Filing

RPP Infra Projects Ltd reported a total of 49,680,584 shares issued as of March 31, 2026.

The company's listed capital stood at 49,585,918 shares. The difference between these figures is primarily explained by share forfeiture.

Why the Filing Matters

RPP Infra Projects Limited has submitted its Share Capital Audit Report for the quarter ending March 31, 2026.

This report reconciles the company's total issued share capital with its listed and dematerialized holdings.

A key finding is the forfeiture of 94,666 partly paid-up equity shares. These shares were forfeited because their holders failed to pay the final call money.

The report also documented a share transfer via gift between promoters on February 24, 2026. This transfer did not alter the company's overall control.

Background Context

The company has previously reported instances of share forfeiture, involving smaller quantities. RPP Infra has also faced regulatory scrutiny, including penalties from SEBI for not meeting listing regulations.

What's Clarified Now

  • Investors now have a clear understanding of the exact number of actively listed shares compared to the total issued shares.
  • The official reason for any discrepancy in the capital structure has been provided.
  • The company confirmed that despite internal share transfers, promoter control remains unchanged.

Risks to Watch

The forfeiture of 94,666 partly paid-up equity shares due to unpaid call money means a financial loss for the defaulting shareholders. This action also reduces the total equity base from the issued capital.

What to Track Next

  • Ensure continued adherence to SEBI regulations for share capital reconciliation.
  • Monitor for any future announcements concerning the forfeited shares or related follow-up actions.
  • Observe RPP Infra's approach to future capital calls or fundraising efforts.

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