RRP Semiconductor, whose stock rose 57,000% in 18 months, clarifies Sachin Tendulkar isn't a shareholder

1. Legendary Cricketer Mr. Sachin Tendulkar has never subscribed any shares of the company. He is not a shareholder of the company;

2. Legendary Cricketer Mr. Sachin Tendulkar directly or indirectly not connected with the Board members and is not part of Board or nor he is acting as any advisory to the company;

3. Legendary Cricketer Mr. Sachin Tendulkar is not a Brand ambassador of the company;

4. The company has not got any 100 Acres of land from the Govt. of Maharashtra ; and

5. The financials of the company could not support the rise in share price from Rs 10 to Rs 9,000 which the company disseminated as part of Board information on the BSE site," the company said in a stock exchange filing.

"The Company further puts on record that only around 4,000 shares are in demat mode with public shareholders and certain persons are trading in the market in un-ethical ways and has become detrimental to the reputation of the Company and Legendary Cricketer Mr. Sachin Tendulkar who is no way connected with the Company," RRP Semiconductor added.

The company's clarifications were necessitated after the stock rose 13,000% in the last one year and an astronomical 57,000% since its listing in April 2024.

At 2 pm on October 14, RRP Semiconductor shares on BSE were trading at 2% upper circuit at Rs 8,584 apiece.

"The Company further would like to place on record that the entire preferential allotment shares

which is accounted for the 99% issued and paid up capital of the Company is under Lock-in with

Depositories till 31st March 2026. None of the Board members and KMP have been dealing with any securities of the Company," RRP Semiconductor added.

The company further said that it is in the process of initiating necessary actions against "the suspected intermediaries who are circulating rumours and defaming the reputation of Legendary Mr. Sachin Tendulkar and the Company".