RPP INFRA PROJECTS LIMITED — Interim / Quarterly Report 2022

Nov 11, 2021

No.261/SECT/STOCK EXCHANGE /2021-22 Thursday, 11'" November 2021

To,

1* Floor, New Trading Ring, Exchange Plaza, 5" Floor, Rotunda Building, P.J.Towers, Plot no. C/1, Block G, . Mumbai - 400001. Mumbai - 400051. Scrip Code: 533284 Scrip Code: RPPINFRA

Corporate Relationship Department Manager, Listing Department BSE Limited National Stock Exchange of India Ltd Dalal Street, Fort, Bandra Kurla Complex, Bandra (East),

Dear Sir/Madam,

Sub: Outcome of Board Meeting and submission of Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended 30 September 2021.

This is to inform you that in pursuance to Regulation 30 and 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015the Board of Directors of the Company at its meeting held today i.e., 11" November 2021 inter-alia, approved the following:

eThe Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended 30" September 2021 (Copy of the said results along with "Limited Review Reports" issued by the Statutory Auditor are enclosed herewith.)

The above financial results have been reviewed by the Audit Committee in its meeting held on Thursday, November 11, 2021 and based on its recommendation, approved by the Board of Directors at its meeting held on Thursday, November 11, 2021

The Meeting of the Board of Directors of the Company commenced at FO P.M. and > concluded at _//' TS p.m.

t

Kindly take note of the above compliances on your records.

Thanking you,

Yours Truly, For R.P.P/INFRA PROJECTS LIMITED;

| 3

} INL —— PRADE UMAR NATH COMPANY SECRETARY

Regd Office :

S.F. No. 454, Raghupathynaiken Palayam, Railway Colony (Post), Poondurai Road, Erode - 638 002. Tamilnadu. India.

: +91 424 2284077 CIN : L45201TZ1995PLC006113 : +91 424 2282077 PAN : AAACR9307E

: ao@rppipl.com Service Tax No. AAACR9307ESTOO1 @® : wwwirppipl.com GSTIN No. : 33AAACRS307E1Z0

					R.P.P. INFRA PROJECTS LIMITED
		Reg. Off.: SF No. 454			Raghupathynaicken Palayam,Poondurai Main Road,Email : ipo@rppipl.com, website: www.rppipl.comCIN: L45201TZ1995PLC006113
	STATEMENT OF FINANCIAL RESULTS FOR THE QUARTER AND HALF YEARLY ENDED 30TH			SEPTEMBER 2021	Erode - 638 002, Tamil Nadu Tel:+91 424 2284077, Fax: +91 424 2282077,								'in Crore
S.No	Particulars		Quarter ended			Half Year Ended	Year End		Consolidated Quarter Ended			Consolidated Half Year Ended	ConsolidatedYear End
		(UnAudited)30.09.2021	(UnAudited)30.06.2021	(UnAudited)30.09.2020	(UnAudited)30.09.2021	(UnAudited)30.09.2020	31.03.2021(Audited)	(UnAudited)30.09.2021	(UnAudited)30.06.2021	(UnAudited)30.09.2020	(UnAudited)30.09.2021	(UnAudited)30.09.2020	31.03.202(Audited)
	Revenue
	(a) Revenue from Operations	161.73	120.03	88.36	281.76	162.03	477.90	173.44	124.04	94.00	297.47	179.89	513.11
	Total Income from Operations (a+b)(b) Other Income	6.73168.47	121.791.77	3.4091.76	8.50290.26	4.18166.22	489.1011.21	6.74180.18	125.80	3.3997.39	8.51305.98	3.95183.84	11.22524.33
	Expenses
	(a) Cost of Raw materials and components Consumed	35.67	33.74	18.85	69.42	34.48	122.22	35.67	33.74	18.85	69.42	34.48	122.22
	(b) Construction Expenses	18.39	19.78	10.14	38.17	33.90	73.73	18.39	19.78	10.14	38.17	33.90	108.96
	(c) Sub Contractor Work bills	85.46	44.59	45.67	130.05	67.25	213.38	97.73	48.60	50.92	146.33	84.72	213.38
	(d) Employee benefit expense	5.06	3.16	2.37	8.22	4.38	10.94	5.06	3.16	2.37	8.22	4.38	10.94
	(e) Finance Cost	6.15	4.96	4.28	11.11	7.85	18.95	6.15	4.96	5.40	11.11	8.96	18.95
	(f) Depreciation and amortization expense	1.71	1.53	1.71	3.23	3.15	6.11	1.71	1.53	1.71	3.24	3.15	6.12
	(g) Other Expenses	6.82	7.69	5.19	14.52	8.75	21.61	6.83	7.69	5.20	14.52	8.76	21.64
	Profit/(Loss) from operation before exceptional items andTotal Expenses	159.26	115.45	88.21	274.71	159.78	466.94	171.54	119.46	94.59	291.00	178.36	502.21
	$3$ $\tan(1-2)$	9.21	6.34	3.55	15.55	6.45	22.16	8.64	6.34	2.80	14.98	5.48	22.12
	4 Exceptional items (Net)	0.00		0.00				0.00
	5 Profit / (Loss) after Exceptional Before tax (3+4)	9.21	6.34	3.55	15.55	6.45	22.16	8.64	6.34	2.80	14.98	5.48	22.12
	Tax Expense
	a) Current Tax	2.36	1.94	0.89	4.31	1.62	7.49	2.36	1.94	0.99	4.31	1.72	$\frac{7.49}{0.00}$
	b) Taxes of earlier years	0.00	c	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	c) Deferred tax liability/(asset)	$-0.38$	1.03	0.05	0.66	0.55	$-0.86$	$-0.38$	1.03	0.00	0.66	0.50	$-0.86$
	Total Tax expenseG	1.99	2.98	0.94	4.96	2.17	6.62	1.99	2.98	0.99	4.96	2.22	6.62
	7 Net Profit/(loss) after Tax (5-6)	7.23	3.37	2.61	10.59	4.27	15.53	6.65	3.37	$1.81$	10.02	3.26	15.50
	Other comprehensive income not to be reclassified to profit or8 Other Comprehensive Income (net of tax)
	loss in subsequent periods:	0.00	C		0.00$\overline{C}$	0.00	0.00	0.00	$\circ$	0.00	0.00	0.00
	Re-measurement gains/ (losses) on defined benefit plans	0.00	$\circ$		0.00$\overline{0}$	0.00	0.09	0.00	$\circ$	0.00	0.00	0.00	0.09
	Net change in fair values of investments in equityshares carried at fair value through OCI	0.00	$\circ$		0.00$\overline{\circ}$	0.00	0.00	0.00	$\circ$	0.00	0.00	0.00	0.00
	Income tax relating to the above	0.00	$\circ$		0.00$\overline{\phantom{0}}$	0.00	0.00	0.00	$\circ$	0.00	0.00	0.00	0.00
	Other comprehensive income to be reclassified to profit or loss
	in subsequent periods:	0.00	$\circ$		0.00$\overline{0}$	0.00	0.00	0.00	$\circ$	0.00	0.00	0.00	0.00
	Exchange differences on translation of Financial Statement of				$\circ$
	Income tax relating to the aboveForeign Companies	0.000.00	$\circ$$\circ$		0.000.00$\circ$	0.000.00	0.000.00	0.00$-0.21$	$\circ$ $\circ$	0.000.00	0.00$-0.21$	0.000.00	7.00
	9 Total Comprehensive Income for the period/year	7.23	3.37	2.61	10.59	4.27	15.44	6.65	3.37	1.81	10.02	3.26	8.41
	Shareholders of the Company		0				0.00	7.43	3.37	1.67	10.80	3.12	8.42
	Non Controlling Interest		$\circ$				0.00	0.00	0.00	0.14	0.00	0.14	$-0.01$
	10 Paid up Equity Share Capital (Face value Rs.10/-Each)	23.65	23.65	22.60	23.65	22.60	23.65	23.65	23.65	22.60	23.65	22.60	23.65
	11 Other Equity (Excluding Revaluation Reserve)						235.14						253.79
	Earnings Per Share (Face Value Rs.10/-each) - not annualised
	(a) Basic & Diluted	3.06	1.42	1.15	4.48	1.81	6.57	2.81	1.42	0.80	4.24	1.44	6.55
	12 (b) Weighted Average no of shares (in nos)	23650584	23650584	22600584	23650584	23650584	23650584	23650584	23650584	22600584	23650584	22600584	23650584

WOT TET 81a apoag :20e1d

LSESZT00 Pay aoyM ol We

'NIG

JOPING eAUBIN"V

pagum sq20forg eu dd 104 S1oja.1q Jopreog Jo J1e42q UO

RPP INFRA PROJECTS LIMITED CIN : L45201TZ1995PLC006113

Reg. Off. : SF No. 454, Raghupathynaicken Palayam,Poondurai Main Road,Email : ipo@rppipl.com, website: www.rppipl.com Erode - 638 002, Tamil Nadu Tel:+91 424 2284077, Fax: +91 424 2282077,

RPP INFRA PROJECTS LIMITEDCIN : L45201TZ1995PLC006113
Reg. Off. : SF No. 454, Raghupathynaicken Palayam,Poondurai Main Road,Email : ipo@rppipl.com, website: www.rppipl.com
Erode - 638 002, Tamil Nadu Tel:+91 424 2284077, Fax: +91 424 2282077,
Balance Sheet as at 30th September 2021
	As at 30th	As at 31st March 2021
Particulars	September 2021
	"(Crore )	'(Crore )
Assets
Non-current assetsProperty, plant and equipment
Capital work in progress	54.463.31	46.994.08
Other Intangible assets	0.27	0.01
Financial assets	0.00	0.00
Investments	7.14	7.14
Long Term Loans & Advances	4.93	2.64
Deferred Tax Asset	0.00	0.00
Other Non-Current AssetsTotal	4.23	4.48
	74.33	65.34
Current assets
Inventories	20.32	11.32
Financial assets	0.00
InvestmentsTrade Receivables	0.00	0.00
Cash and Cash equivalents	152.10W371	145.93107.01
Short Term Loans & Advances	47.08	33.28
Other Financial Asset	126.40	147.76
Other Current Assets	100.77	97,48
Current Tax Assets (net)Total	5.04	10.13
Total assets	525.42599.76	552.91
		618.25
Equity and liabilities
Equity
Equity Share CapitalShare Warrant	23.656.64	23.65
Other Equity	248.30	6.64237.52
Total equity	278.59	267.81
Non-current liabilities
Financial liabilitiesBorrowings
Other Financial Liabilties	68.310.00	68.420.00
Deferred Tax Liability ( Net)	0.67	0.01
Provisions	0.30	0.30
Total	69.28	68.73
	44.46	42.91
	96.45,
	0.00	0.00
(a) Total outstanding dues of micro enterprises & small enterprises
(b) Total outstanding dues of creditors other than micro enterprises & small		128.2389.61
	0.00
	91.8116.71
	2.47	12.412.47
	0.00	6.08
	251.89	281.71
Current liabilitiesFinancial LiabilitiesBorrowingsS'Trade payablesenterprisesOther current financial liabilitiesOther Current LiabilitiesShort Term ProvisionsCurrent Tax Liabilities (Net)TotalTotal liabilitiesTotal equity and liabilities	321.17599.76	350.44618.25

On behalf of Board of Directors For RPP Infra Projects Limited

A. Nithya Whole Time Director DIN: 00125357

RPP INFRA PROJECTS LIMITED CIN : L452011Z1995PLC006113

	RPP INFRA PROJECTS LIMITEDCIN : L452011Z1995PLC006113
	Standalone Statement of cash flows for the Half year ended 30th September 2021	As at 30th	As at 30th September
Particulars		September 2021* (Crore )	2020~ (Crore )
	PROFIT BEFORE TAX	15.55	6.45
	NON-CASH ADJUSTMENTS TO RECONCILE PROFIT/(LOSS) BEFORE TAX TO NET CASH FLOWS
Add:Add:	Depreciation Iinterest paid	3.23TI	3.157.85
Less:	[Interest received	-2.06	-1.50
	Add: (Profit)/Loss on sale of Property, Plant and Equipment (Net)Add: (Profit)/Loss on sale of Investment (Net)	0.030	0.140.00
Add:Add:	Changes in WIP Other non-cash items	00	0.00
	OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES
		27.87	2.9619.05
	WORKING CAPITAL ADJUSTMENTSIncrease / (Decrease) in Trade Payables	-31.78	-78,02
	Increase / (Decrease) in Other Current Financial Liabilities	2.20	-29.47
	Increase / (Decrease) in Other Current LiabilitiesIncrease / (Decrease) in Short Term Provisions	4.300.00	-6.06-0.07
	(Increase) / Decrease in Trade Receivables(Increase) / Decrease in Inventories	-6.17-9.00	101.570.10
	(Increase) / Decrease in Other Non-Current Assets	0,25	-2,86
	(Increase) / Decrease in Short Term Loans & Advances(Increase) / Decrease in Other Financial assets	-13.8121.37	-18.4915.83
	(Increase) / Decrease in Other Current Assets	-3.29	0.15
	Increase / (Decrease) in ProvisionsOther Adjustments	0.00-1.75	0.12-413
Less:	Direct Taxes PaidCash Flow from /(used) in Operating Activities	-6.62-16.44	-2.174.46
	CASH FLOW FROM INVESTING ACTIVITIESProceeds from Investments
	Payments for Purchase of Property, Plant and Equipment	-6.95	6.57
	Proceeds from Sale of Property, Plant and EquipmentInterest received	2.06	-3.521.50
	Cash Flow from / (used) in Investing Activities	-4,89	4.55
	CASH FLOW FROM FINANCING ACTIVITIESProceeds from borrowings	1.55	-17.20
	Repayment of borrowingsNet changes in Long Term Loans & Advances	-0.11-2.29
	Interest paid	-11.11	-7,85
	Purchase of equity or debt instruments of other entitiesOthers	00	9.00
	Cash Flow from / (used) in Financing Activities	-11.97	-16.05
	Net increase in cash and cash equivalents	-33.30	15.96
Add:	Cash and Cash Equivalents at the beginning of the periodCash and Cash Equivalents at the end of the period	107.0173.71	66.6350.68

Place: Erode

: For RPP Infra Projects Limited Date: 11.11.2021 A. Nithya

ee eos On behalf of Board of Directors

Nit

Whole Time Director DIN: 00125357

Notes: Standalone Financial Statements

1. Figures for the previous periods have been regrouped to conform to the classification of the current period, wherever necessary.

2. The above standalone audited financial results which are published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('Listing Regulations') have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 11.11.2021. The above standalone audited financial results have been audited by the statutory auditors of the Company, except the financials of Bangladesh and Srilanka Branches. The standalone audited financial results are in accordance with the Ind AS prescribed under Section 133 of the Companies Act, 2013, read with relevant rules (as amended) issued thereunder and the other accounting principles generally accepted 3. Estimation of uncertainties relating to the global health pandemic from COVID-19:

The SARS-CoV-2 virus responsible for COVID-19 continues to spread across the globe and India, which has contributed to a significant decline in global and local economic activities. The extent to which the COVID-19 pandemic will impact the company's results will depend on future developments, which are uncertain, including, among other things, any new information concerning the severity of the COVID-19 pandemic and any action to contain its spread or mitigate its impact whether government mandated or elected by the Company.

1. The Company is primarily engaged in the business of Construction relating to infrastructure sector comprising of Roads and Bridges, Water pipe lines, Railways etc. Information reported to and evaluated regularly by the chief operating decision maker (CODM) for the purposes of resource allocation and assessing performance focuses on the business as a whole and accordingly, in the context of Operating Segment as defined under the Indian Accounting Standard 108 "Operating Segments", there is a single 5. The Company elected to exercise the option permitted under section 115BAA of the Income tax Act, 1961 as introduced by the Taxation Latest (Amendment) Ordinance, 2019. Accordingly, the Company has recognized Provision for Income Tax and re-measured its Deferred Tax Assets based on the rate prescribed in the said section.

2. Effective 1st Apr 2019, the company has adopted Ind AS 116 " Leases" and Right to Use asset (ROU) has been created. The transition was effected using modified retrospective method. The impact on the transition on the profit after tax for the quarter and Half Year ended 30th September 2021 is not material. 7. During the current quarter, the Issue of up to 1,60,00,000 equity shares (including 17,70,000 equity shares reserved for the Warrant Holders) of face value % 10 each of our Company for cash at a price of = 30 per equity share, aggregating up to = 48.00 crores , on which 2.18 was payable on application and remaining %12 on first and final call as may be decided by the Board / Committee of the Board of the Company from time to time.. The issue oversubscribed and allotment of the same was made on 26th October 2021. The corresponding trading of the said partly paid up equity shares of % 6 each commenced effective 2nd November, 2021 on the stock exchanges where the shares of the Company are listed.

On behalf of Board of Directors For RPP Infra Projects Limited

A. Nithya hole Time Director & Chief Financial Officer a ; j DIN: 00125357

Cell : 9443910988 CA.S.N. DURAISWAMY s.om, F.c.A, D1.S.A, (ICAI) 'elite

Opp. Brough Road Telephone Bhawan, Chartered Accountant . Near Iswariyaa Hotel, Erode - 638001.

Tel : 0424-2264488 Resi : 0424-2400188 e-mail : casndero@yahoo.co.in

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF RPP INFRA PROJECTS LMITED

• 1. I have reviewed the accompanying Statement of standalone unaudited financial results of RPP Infra Projects Limited ("the Company") which includes two foreign branches and Eight jointly controlled operations for the quarter ended and six months ended September 30, 2021 ("the Statements") being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
• 1. This Statement which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 Interim Financial Reporting'(Ind AS 34"), prescribed under section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. My responsibility is to issue a report on the Statement based on my review.
• 1. Iconducted my review of the Statement in accordance with the Standard on Review Engagements (SRE 2410) "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that I plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. I have not performed and audit and accordingly, I do not express an audit opinion.

. Ialso performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

1. Based on my review conducted as above, nothing has come to my attention that causes me to believe that the accompanying Statement, prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it

Cell : 9443910988 CA.S.N. DURAISWAMY .s.com, F.c.4., D.S.A,, (ICAI) * Validea Lane

. Opp. Brough Road Telephone Bhawan, Chartered Accountant Near Iswariyaa Hotel, Erode - 638001.

Tel : 0424-2264488 Resi : 0424-2400188 e-mail : casndero@yahoo.co.in

1. I did not review the interim financial results of Two branches and Eight 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. 114.33 Crores, net profit/(Loss) after tax of (0.03) crores and total comprehensive income of Rs. Nil for the quarter ended 30 September 2021 and for the period 01s July 2021 to 30% September 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 Eight 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 thé 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. Place : Erode Membership No. : 026599

	For CA S.N. Duraiswamy
	eeChartered
Date : 11.11.2021	21026599AAAAHM9251UDIN:

RPP INFRA PROJECTS LIMITEDCIN : L45201TZ1995PLC006113
Reg. Off. : SF No. 454, Raghupathynaicken Palayam,Poondurai Main Road,Email : ipo@rppipl.com, website:Consolidated20
asParticulars	As at 30thSeptember 2021	As at 31st March 202
	In Crores
Non-current assets
lant and
work in
Otherassets
Financial assetsInvestments
Term Loans & Advances
Deferred Tax Asset
Other Non-Current Assets
Inventories
Investments
Trade Receivables
Cash and Cashts
Short Term Loans & Advances
Other Financial Asset
Other Current Assets
Current Tax Assets (net
TTotal assets
and liabilities
Share Warrant
to the Shareholders of
liabilities
Financial Liabilties
TaxNet
rade		0.00
dues of microa) Total& small		0.00
(b) Total outstanding dues of creditorsmicro enterprises &	fi	130.65
current financial liabilities		7.03
Current Liabilities	5.98	13.19
Term Provisions	2.47	2.47
Tax Liabilities	0.00
'otal	261.56	282.33
		30
otaland liabilities	624.53	633.77

On behalf of Board of Directors For RPP Infra Projects Limited

A. Nithya Whole Time Director DIN; 00125357

RPP INFRA PROJECTS LIMITED CIN : L45201TZ1995PLC006113

Reg. Off. : SF No. 454, Raghupathynaicken Palayam,Poondurai Main Road,Email : Consolidated Statement of Cash flows for the Half year ended 30th September 2021

As at 30th As at 30th September 2021 | September Particulars 2020 ( In Crores ) (_In Crores ) PROFIT BEFORE TAX 15.55 5.48 NON-CASH ADJUSTMENTS TO RECONCILE PROFIT/(LOSS) BEFORE TAX TO NET CASH FLOWS Add: |Depreciation 3.24 315 Add: [Interest paid 11.11 8.96 Less: |Interest received (2.06) -1.50 Add: _|Profit/Loss on sale of Property, Plant and Equipment 0.03 0.14 Add: _| (Profit) /Loss on sale of Investment (Net) - 0.00 Add: |Changes in WIP - 0.00 Add: _|Unrealized foreign exchange losses/(gains) 0.00 -11.53 OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 27.87 4.72 WORKING CAPITAL ADJUSTMENTS Increase / (Decrease) in Trade payables -27.32 -77.14 Increase / (Decrease) in Other Current Financial Liabilities 8.29 -19.85 Increase / (Decrease) in Other Current Liabilities 2.80 -6.87 Increase / (Decrease) in Short Term Provisions 0,00 0.07 Increase / (Decrease) in Current Liabilities ( Net ) 0.00 -5.46 (increase) / Decrease in Trade Receivables -24.72 101.82 (Increase) / Decrease in Inventories -9.00 0.10 (Increase) / Decrease in Other Non-Current Assets 0.25 -2.91 Increase / (Decrease) in Provisions 0.00 -0,12 Increase) / Decrease in Long Term Loans & Advances -2.39 3.24 (Increase) / Decrease in Short Term Loans & Advances 1.59 -6,.29 (Increase) / Decrease in Other Financial Assets 2137, 16.07 (Increase) / Decrease in Other Curent Assets -9,01 -2.04 Increase / (Decrease) in Other Financial Liabilties 8.29 -7.22 Increase / (Decrease) in Other Liabilites 0,00 0.00 Other Adjustements -10.11 0.48 Less: |Direct Taxes Paid -6.62 -2.22 A Cash Flow from /(used) in Operating Activities -18.73 -3.64 CASH FLOW FROM INVESTING ACTIVITIES Proceeds from Investments Payments for Purchase of Property, Plant and Equipment -6.95 3.52 Interest received 2.06 -8.96 B Cash Flow from / (used) in Investing Activities -4.89 -12.48 CASH FLOW FROM FINANCING ACTIVITIES Proceeds from borrowings 155 -35.63 Repayment of borrowings -0.11 0.00 Purchase of equity or debt instruments of other entities 0.00 9.00 Interest paid -11.11 1.50 Others 0 Cc Cash Flow from / (used) in Financing Activities -9.68 -25.14 Net increase/(decrease) in cash and cash equivalents(A+B+C) -33.30 -41.26 Add: _|Cash and cash equivalents at the beginning of the period 107.28 92.28 Cash and cash equivalents at the end of the period 73.99 51.01

On behalf of Board of Directors For RPP Infra Projects Limited

-Niit

A. Nithya Whole Time Director DIN: 00125357

Notes: Consolidated Financial Statements

1. Figures for the previous periods have been regrouped to conform to the classification of the current period, wherever necessary.

2. The above consolidated Unaudited financial results which are published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('Listing Regulations') have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 11.11.2021. The above consolidated Unaudited financial results have been Reviewed by the statutory auditors of the Companies/Entities in the Group, except M/s R.P.P Infra Projects (Lanka) Limited and R.P.P Infra Overseas PLC, Mauritius. The Consolidated audited financial results are in accordance with the Ind AS prescribed under Section 133 of the Companies Act, 2013, read with relevant rules (as amended) issued thereunder and the other accounting principles generally accepted in India.

3. Estimation of uncertainties relating to the global health pandemic from COVID-19:

The SARS-CoV-2 virus responsible for COVID-19 continues to spread across the globe and India, which has contributed to a significant decline in global and local economic activities. The extent to which the COVID-19 pandemic will impact the company's results will depend on future developments, which are uncertain, including, among other things, any new information concerning the severity of the COVID-19 pandemic and any action to contain its spread or mitigate its impact whether government mandated or elected by the Company.

1. The Company is primarily engaged in the business of Construction relating to infrastructure sector comprising of Roads and Bridges, Water pipe lines, Railways etc. Information reported to and evaluated regularly by the chief operating decision maker (CODM) for the purposes of resource allocation and assessing performance focuses on the business as a whole and accordingly, in the context of Operating Segment as defined under the Indian Accounting Standard 108 "Operating Segments', there is a single reportable segment. 5. The Company elected to exercise the option permitted under section 115BAA of the Income tax Act, 1961 as introduced by the Taxation Latest (Amendment) Ordinance, 2019. Accordingly, the Company has recognized Provision for Income Tax and re-measured its Deferred Tax Assets based on the rate prescribed in the said section.

2. Effective 1st Apr 2019, the company has adopted Ind AS 116 " Leases" and Right to Use asset (ROU) has been created. The transition was effected using modified retrospective method. The impact on the transition on the profit after tax for the quarter and Half year ended 30th September 2021 is not material.

3. During the current quarter, the Issue of up to 1,60,00,000 equity shares (including 17,70,000 equity shares reserved for the Warrant Holders) of face value % 10 each of our Company for cash at a price of = 30 per equity share, aggregating up to % 48.00 crores , on which %.18 was payable on application and remaining %12 on first and final call as may be decided by the Board / Committee of the Board of the Company from time to time.. The issue oversubscribed and allotment of the same was made on 26th October 2021. The corresponding trading of the said partly paid up equity shares of 6 each commenced effective 2nd November, 2021 on the stock exchanges where the shares of the Company are listed.

On behalf of Board of Directors For RPP Infra Projects Limited

pit

A. Nithya Whole Time Director & . Chief Financial Officer Gees 3 DIN: 00125357

Cell : 9443910988 CA.S.N. DURAISWAMY ..com, F.c.A,, D.LS.A,, (ICAl)

Chartered Accountant Near Iswariyaa Hotel,

Tel : 0424-2264488 Resi : 0424-2400188 e-mail : casndero@yahoo.co.in

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF R.P.P INFRA PROJECTS LIMITED

• 1. Ihave reviewed the accompanying Statement of Unaudited Consolidated Financial Results of R.P.P Infra Projects limited ("the Parent") and its subsidiaries (parent and its subsidiaries together referred to as "the Group"), and its share of the net profit/( loss ) after tax and total comprehensive profit/(loss) of its associates, subsidiaries and its jointly controlled operations for the quarter and six months ended 30th Sept, 2021 and for the period from O1st July, 2021 to 30% Sept 2021 (the Statement"), being submitted by the holding: company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').
• 1. This Statement which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting "("Ind AS 34"), prescribed under section 133 of the Companies Act 2013, and other accounting Principles generally accepted in India. My responsibility is to express a conclusion on the Statement based on our review.
• 1. I conducted my review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that I would become aware of all significant matters that might be identified in an audit. . Accordingly, I do not express an audit opinion.

This Statement which is the responsibility of the Parent's Management and approved by theParent's Board of Directors, has been prepared in accordance with the recognition andmeasurement principles laid down in Indian Accounting Standard 34 "Interim FinancialReporting "("Ind AS 34"), prescribed under section 133 of the Companies Act 2013, andother accounting Principles generally accepted in India. My responsibility is to express aconclusion on the Statement based on our review.conductedmyreviewIEngagements"Review(SRE)of InterimFinancial2410,Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India.A review of interim financial information consists of making inquiries, primarily of personsresponsible for financial and accounting matters, and applying analytical and other reviewprocedures. A review is substantially less in scope than an audit conducted in accordancewith Standards on Auditing and consequently does not enable us to obtain assurance that I	of the Statement in accordance with the Standard on Reviewperformed byInformationthe
wouldbecomeawaresignificant mattersthatof all	might beidentifiedanaudit.in
Accordingly, I do not express an audit opinion.
I also performed procedures in accordance with the circular issued byRegulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended, to the extent applicable.Statement includes the results of the following entities :	the SEBI under
The
1. R.P.P Infra Overseas PLC: - Mauritius	Subsidiary
2. R.P.P Infra Projects (lanka) Limited Srilanka	Subsidiary
3. RPP Infra Projects Limited,Srilanka	Branch Office
4. RPP Infra Projects Limited, Bangladesh	Branch office
5. Sanskar Dealcom Private limited- India	Subsidiary
6. Greatful Mercantile Private Limited - India	Subsidiary
7. Lunkar Finance Private limited	Subsidiary
8. R.P.P Infra Projects Myanmar Ltd	Associate
9. RPP-Annai (JV) Private limited	Subsidiary
10. RPP -P&C JV

1. The Statement includes the results of the following entities :

Cell : 9443910988 CA.S.N. DURAISWAMY ..om,, F.c.A., D.LS.A., (ICAI)

Chartered Accountant Near Iswariyaa Hotel,

" [Don sett, ran Erode - 638001.

"	[Don sett, ranErode - 638001.
Tel : 0424-2264488	Resi : 0424-2400188e-mail : casndero@yahoo.co.in
11. RPP-RK-P&C-JV	JV under Partnership Firm
12, RPP - Sathyamoorthy (JV)	JV under Partnership Firm
13. RPP - RK (JV)	JV under AOP
14. RPP - RK (JV)	JV under Partnership Firm
15. RPP Renaatus (JV)	JV under Partnership Firm
16. RPP -Dhanya (JV)
	JV under Partnership Firm

• 1. 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 6 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.
• 1. I did not review the interim financial results of Two branches and Eight jointly controlled operations included in the standalone unaudited interim financial results of the entities included in the Group, whose results reflect total assets of Rs. 48.01 as at September 30, 2021, total revenues of Rs. 114.33 crores and net profit/ (Loss) after tax of Rs. (0.03 crores) and total comprehensive income of Rs. Nil for the quarter ended 30'* Sept 2021 and for the period 01st July 2021 to 30! Sept 2021 respectively , and net cash flows of Rs.0.17 crores for the six months ended September 30, 2021 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 Eight 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.
• 1. I did not review the interim financial results of Six Subsidiaries, one Associate, included in the consolidated unaudited quarterly financial results, whose interim financial results reflect total assets of Rs.50.34 as at 30' September, 2021and total revenue of Rs.15.71 crores and total net profit/ (loss) after tax of Rs.(0.01) crores, and total comprehensive income/ (loss) of NIL crores for the quarter ended 30 Sept, 2021 and net cash flows of Rs.0.06 crores for the period 01s July 2021 to 30 Sept 2021, as considered in the consolidated unaudited financial results. These Interim financial results have not been reviewed by other auditors whose report have been furnished to me by the Management and my conclusion on the statement, in so far as it relates to the amount and disclosures included in respect of these subsidiaries and associates is based, solely on yap a Management of the Company.

Cell : 9443910988 CA.S.N. DURAISWAMY .B.om, F.c.A, D.1S.A, (ICAI) | " [DA] on-site an Chartered Accountant Near Iswariyaa Hotel,

/ / Erode - 638001.

Tel : 0424-2264488

	Resi : 0424-2400188	e-mail : casndero@yahoo.co.in
		For CAS.N. Duraiswamy
		Chartered Account
Place : Erode		La
Date : 11.11.2021		Membership No.: 026599