NSEGeneral Updates7 Oct 2026 · 7 Oct 2026, 06:20 pm

General Updates

R.P.P. Infra Projects Limited · RPPINFRA

✦ AI SummaryOrder Cancel

R.P.P. Infra Projects Limited has withdrawn from the Legend 96 project in Sri Lanka due to delays in obtaining approvals and financing challenges. The company has incurred expenditure in connection with the initial stages of the project and is in the process of recovering these amounts with Wills Realtors.

Analysis Scores

Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

R.P.P. Infra Projects Limited has informed the Exchange about withdrawal of Legend 96 Project

Attachments (1)

📄

RPPINFRA_07102026181711_Stock_Exchange_intimation-Legend_96-withdrawal_of_the_proposal.pdf

pdf

Download →
View document text
RPP Infra Projects Limited Date: 7th October 2026 Department of Corporate Services, Compliance Department, BSE Limited (BSE) National Stock Exchange of India Limited (NSE) 25th Floor, Phiroze JeeJeeBhoy Towers, Exchange Plaza, Plot No. C-1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East) Mumbai - 400001 Mumbai - 400051 Scrip Code: 533284 NSE Symbol: RPPINFRA ISIN: INE324L01013 ISIN: INE324L01013 Dear Sir/Madam Subject: Withdrawal of the Legend 96 project – intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 This is to inform you that the Company had earlier, vide its letter dated 4th December 2024, intimated the Stock Exchanges regarding the in-principle agreement with Wills Realtors (Private) Limited (“Wills Realtors”) for the development of the “Legend 96” residential project in Sri Lanka. Subsequently, RPP Infra Projects (Lanka) Limited (“RPP Infra”), a subsidiary of the Company, entered into a Development and Financing Agreement dated 28th January 2025 with Wills Realtors, pursuant to which RPP Infra was to participate as the Joint Developer and Wills Realtors as the Primary Developer for the proposed project. The project has experienced delays, primarily on account of the time required for obtaining the necessary regulatory, statutory and building approvals in Sri Lanka. Further, arranging project financing through Indian banks has proved challenging in view of the prevailing conditions in Sri Lanka, necessitating exploration of alternative local financing arrangements. In connection with the proposed local financing arrangements, it was contemplated that the project land would be offered as security/mortgage for obtaining the necessary financial assistance. However, the Primary Developer was not willing to provide the project land as security for such financing. Further, in the event that the project land was offered as security, a proposal was made to alter/dilute the revenue-sharing arrangement agreed under the Development and Financing Agreement. Regd Office: Corporate Office: CIN: L45201T1995PLC006113 SF.No. 454, Raghupathynaiken Palayam, Ozone Premia, 6th Floor, Railway Colony (Po), Poondurai Road, New No. 39, Dr. Radha Krishnan Salai, Erode – 638002. Tamilnadu. India. Mylapore, Chennai – 600 004. Tamilnadu. India. : ao@rppipl.com | : www.rppipl.com : cco@rppipl.com | : www.rppipl.com : 04242284077 : 044 6929 2771/72/73/74/75 RPP Infra Projects Limited After considering the above circumstances, including the delays in obtaining approvals, financing challenges, proposed security arrangements and the proposed alteration to the agreed revenue-sharing arrangement, the Company has determined that continuation of its participation in the project is not commercially and financially feasible. Accordingly, RPP Infra has decided to withdraw from and discontinue its participation as Joint Developer in the proposed “Legend 96” project and has communicated its intention to Wills Realtors vide letter dated 7th October 2026, seeking termination of the Development and Financing Agreement and settlement of the amounts payable between the parties. The Company has incurred certain expenditure in connection with the initial stages of the project, including expenditure towards assignment fees and other consideration relating to assignment/development rights. The Company is in the process of recovering such amounts with Wills Realtors, and the parties propose to discuss and mutually agree upon the manner of settlement thereof. The withdrawal from the project is not expected to have any material adverse impact on the ongoing operations of the Company. Disclosure is being made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 as Annexure A We request you to take the same on record Thanking You, Yours Faithfully, For R.P.P Infra Projects Limited I Selvam Company Secretary & Compliance Officer Regd Office: Corporate Office: CIN: L45201T1995PLC006113 SF.No. 454, Raghupathynaiken Palayam, Ozone Premia, 6th Floor, Railway Colony (Po), Poondurai Road, New No. 39, Dr. Radha Krishnan Salai, Erode – 638002. Tamilnadu. India. Mylapore, Chennai – 600 004. Tamilnadu. India. : ao@rppipl.com | : www.rppipl.com : cco@rppipl.com | : www.rppipl.com : 04242284077 : 044 6929 2771/72/73/74/75 RPP Infra Projects Limited Annexure A Disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 Sl. No Particulars Details of the Projects 1 Name of parties to the RPP Infra Projects (Lanka) Limited, a subsidiary of order(s)/contract(s) R.P.P. Infra Projects Limited, and Wills Realtors (Private) Limited 2 Nature of the Development of the Sri Lankan Residential order(s)/contract(s) Complex project named “Legend 96” 3 Date of execution of the 28/01/2025 order(s)/contract(s) 4 Date of 07/10/2026 termination/amendment of the order(s)/contract (s) 5 Details of amendment or Delay in obtaining requisite approvals, reasons for terminations challenges in arranging project financing, non- and impact thereof (to the availability of the project land as security for extent possible); the proposed financing, and the proposed dilution of the agreed revenue-sharing arrangement. Accordingly, RPP Infra has decided to withdraw from the project and has communicated the same to Wills Realtors vide letter dated 7th October 2026. The withdrawal is not expected to have any material adverse impact on the ongoing operations of the Company. The Company is in the process of recovering the expenditure incurred in connection with the initial stages of the project with Wills Realtors. | Regd Office: Corporate Office: CIN: L45201T1995PLC006113 SF.No. 454, Raghupathynaiken Palayam, Ozone Premia, 6th Floor, Railway Colony (Po), Poondurai Road, New No. 39, Dr. Radha Krishnan Salai, Erode – 638002. Tamilnadu. India. Mylapore, Chennai – 600 004. Tamilnadu. India. : ao@rppipl.com | : www.rppipl.com : cco@rppipl.com | : www.rppipl.com : 04242284077 : 044 6929 2771/72/73/74/75