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RPP Infra Projects Ltd
No.236/SECT/STOCK EXCHANGE /2021-22 . . Thursday, 19 August 2021.
To,
Corporate Relationship Department Manager, Listing Department BSE Limited National Stock Exchange of India Ltd 1* Floor, New Trading Ring, Exchange Plaza, 5" Floor, : Rotunda Building, P.J.Towers, Plot no. C/1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai - 400001. Mumbai - 400051. Scrip Code: 533284 Scrip Code: RPPINFRA
Dear Sir/Madam,
Ref: Our letter No.235/SECT/STOCK EXCHANGE /2021-22/Saturday dated 14..August 2021 and Letter No. 233 /SECT/STOCK EXCHANGE /2021-22 /Sunday dated 8 3 August 2021
Sub: Outcome of Board Meeting pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This is to inform you that the Board of Directors of the Company has approved the followings in the meeting held today i.e., 19 August 2021:
1. Approval of the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended 30 June 2021:
The Board of Directors has approved the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended 30 June 2021, as recommended by the Audit Committee. Copy of the said results along with Limited Review Reports issued by the Statutory Auditor are enclosed herewith.
2. Increase in the Authorised Capital of the Company:
The existing Authorised Share Capital of the Company be increased from Rs.34,00,00,000/- (Rupees Thirty-Four Crores Only) divided into 3,40,00,000 (Three Crores Forty Lakhs) equity shares of Rs. 10/- (Rupees Ten Only) each to Rs.50,00,00,000/- (Rupees Fifty Crores Only) divided into 5, 00, 00, 000 (Five Crores) equity shares of Rs. 10/- (Rupees Ten Only) each.
3. Amendment to the Memorandum of Association of the Company pursuant to increase in the Authorised Share Capital of the Company:
Pursuant to increase in the Authorised Share Capital of the Company, the present Clause V of the Memorandum of Association of the Company be altered as follows:
“The Share capital of the Company is Rs. 50,00,00,000/- (Rupees Fifty Crore Only) divided in to 5,00,00,000 (Five Crore) equity shares of Rs. 10/- (Rupees Ten Only) each. The Company shall have the power to issue equity shares or preference shares in the capital original or increased in accordance with the Provisions of the Companies Act, 2013 and the directors may subject to the provisions of the Act exercise such power in any manner, they think fit and provide for redemption of the preference shares on such terms including right to redeem at a premium or otherwise.”
- Conduct of Extra Ordinary General Meeting (EGM): EGM shall be conducted for approval of the Members of the Company to give effect to the amendment to the Memorandum of Association of the Company by way of an increase in the Authorized Share Capital of the Company.
- Conduct of Annual General meeting (AGM) Took on record Annual Report including Directors Report and other annexures thereto and duly approved the Notice of 26" Annual General Meeting of the Company, which will be held on Thursday, 30 September 2021.
_12. RPP - Sathyamoorthy (JV) JV under Partnership Firm 13. RPP - RK (JV) JV under Partnership Firm
__14. RPP Renaatus (JV) JV under Partnership Firm
15. RPP -Dhanya (JV) JV under Partnership Firm 16. RPP - SMC (JV JV under Partnership Firm
5. Based on my review conducted and procedures performed as stated in paragraph 3 above
and based on the consideration of the review reports of the branch auditors and other auditors referred to in paragraph 7 below, nothing has come to my attention that causes me
to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended, including the manner in which it is to be
disclosed, or that it contains any material misstatement.
Emphasis of Matter
I draw attention to note 3 to the standalone financial statements, which describes the management's assessment of the financial impact of the outbreak of SARS-Corona virus (SARS-Cov2-19) pandemic situation, for which a definitive assessment of the impact in the subsequent period is dependent upon the circumstances as they evolve.
My opinion is not modified in respect of this matter.
I did not review the interim financial results of Two branches and Seven jointly controlled operations included in the standalone unaudited interim financial results of the entities included in the Group, whose results reflect total revenues of Rs. 33.62 Crores, net profit/(Loss) after tax of (1.38) crores and total comprehensive income of Rs. Nil for the quarter ended 30th June 2021 and for the period 01st April 2021 to 30th June 2021 respectively , as considered in the standalone unaudited interim financial results of the entities included in the Group. My Opinion on the Statements, in so far as it relates to the amounts and disclosures included in respect to the two branches and seven Jointly controlled operations and my report in terms of subsection (3) and (11) of Section 143 of the Companies Act, 2013 in so far as it relates to the aforesaid branches and Jointly Controlled operations is based solely on such unaudited financial statements and other unaudited information provided to me by the Management of the Company.