Does Sachin Tendulkar own this smallcap stock that has rallied 13,000% in a year? Company clarifies – News Air Insight

Smallcap stock RRP Semiconductor, which has rallied a staggering 13,000% in just a year and a massive 57,000% in 5 years, has denied recent speculation claiming Sachin Tendulkar has invested in the company.

“It appears that this misinformation has triggered an unprecedented rise in the company’s share price on the BSE—from Rs 10 to Rs 9,000 within the past ten months,” the company said in a regulatory filing on October 14. In response to these rumours being spread by ‘certain unscrupulous individuals’ on social media, the RRP Semiconductor clarified that Tendulkar has never subscribed to any shares and is not a shareholder. He has no direct or indirect association with any of the Board members, is not part of the Board, and does not serve in any advisory capacity.

RRP Semiconductor added that Tendulkar is not a brand ambassador of the company, and RRP has not received any apparent 100 acres of land from the Government of Maharashtra.

The company also acknowledged that its financial performance does not justify the sharp rise in share price, a point it has already communicated through BSE disclosures.

Additionally, RRP Semiconductor stated that the entire preferential allotment shares, which account for 99% of its issued and paid-up capital, are under lock-in with depositories until March 31, 2026. None of the Board members or key managerial personnel have traded in the company’s securities.

Only around 4,000 shares are held in demat form by public shareholders, and some individuals are trading these shares unethically, causing reputational harm to both the company and Sachin Tendulkar, the filing added. The company said it has initiated necessary actions against those spreading such false rumours and defaming the reputations of Sachin Tendulkar and the company.Fundamentally, the company’s PE is 1,764, significantly higher than the industry PE of 73.33. Interestingly, the promoters hold 1.28% of the company, while the rest 98.72% is held by the public. As recently as March 24, promoters held a 74.5% stake in the company.Also read | LG share price target at Rs 2,050? Korean giant sparks record frenzy with 8 buy calls on Day 1

In FY25, the company reported a revenue of Rs 31.59 crore, a sharp rise from just Rs 38 lakh in FY24. The profit for the period rose to Rs 8.4 crore, from a loss of Rs 1.7 lakh in FY24.

RRP Semiconductor is involved in the business of Electronics, Information, and Technology through dealing in Semiconductors and digital chips.

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