RRP Semiconductor has been brought to notice of the Company by SEBI about BSE notice 20170821-27 dated 21-08-2017 connected with delisting of the equity shares of Shree Vindhya Paper Mills - where in G.D. Trading and Agencies was a corporate Promoter Shareholder. This delisting order was not intimated to the Board by the Earlier Promoter of Gd Trading Shekhar Somani nor the same was brought to the notice of the Acquirer by the Merchant Banker. No one in the company or the Acquirer were aware of the same and the consequential restriction on the earlier one and only one issue of the preferential issue on the Company. Even BSE has not intimated to the company about the existence of any restrictions on any listing of shares. After knowing about the fact, the Board by circulation on 4th September 2024 and pursuant to the BSE letter and SEBI e-mail decided to approach SEBI for seeking exemption from the applicable provisions of Regulation 24 of the delisting Regulation of 2009 and the listing of the consequential restrictions on issue of shares for benefits of the stakeholders.
The above information is a part of company’s filings submitted to BSE.
