The Mumbai-based company has issued a clarification to BSE refuting rumors linking cricket icon Sachin Tendulkar to the firm, following an unprecedented stock price surge from Rs 10 to Rs 9,000.
RRP Semiconductor Limited has officially denied circulating rumors that legendary cricketer Sachin Tendulkar has invested in or is associated with the company, issuing a formal clarification to the Bombay Stock Exchange on October 14, 2025. The company attributes these rumors to what it describes as misinformation spread by unscrupulous individuals on social media.
The Mumbai-registered firm, which trades under scrip code 504346 on BSE, has witnessed its share price increase from Rs 10 to Rs 9,000 over a 10-month period. According to the company's statement signed by Director Ramesh Chandra Mishra, this price movement appears disconnected from its financial fundamentals as disclosed in reports filed with the exchange.
The company has categorically stated that Tendulkar has never subscribed to its shares, holds no shareholding position, and maintains no direct or indirect connection with its board members. The clarification further notes that Tendulkar does not serve as a brand ambassador, board member, or advisor to RRP Semiconductor Limited.
Additional rumors dispelled by the company include claims that it received 100 acres of land from the Maharashtra government. The firm emphasized that its financial position does not justify the dramatic stock price appreciation witnessed in recent months.
RRP Semiconductor disclosed that 99 percent of its issued and paid-up capital consists of preferential allotment shares currently under lock-in with depositories until March 31, 2026. The company stated that no board members or key managerial personnel have engaged in trading its securities.
The clarification revealed that only approximately 4,000 shares are held in demat form by public shareholders. The company expressed concern that unethical trading practices have damaged both its reputation and that of Tendulkar, who has no connection to the organization.
RRP Semiconductor, formerly known as G D Trading & Agencies Limited, stated it is initiating legal action against suspected intermediaries responsible for circulating false information. The company is based in the TTC Industrial Area of Mahape, Navi Mumbai.