, a company listed on the Bombay Stock Exchange (BSE), has taken a firm stance against the spread of misinformation by filing a police complaint regarding misleading social media content about the company. The semiconductor firm has clarified several false claims circulating on platforms like YouTube, which have potentially led to unprecedented price movements in its shares.

Key Clarifications from RRP Semiconductor

The company has addressed several misrepresentations about its operations and associations:

1. : RRP Semiconductor has not yet commenced any semiconductor manufacturing activities.
2. : The company has not made any applications under any government policy.
3. : Contrary to circulating claims, the company has no association with any celebrities, including legendary cricketer Sachin Tendulkar, who is not a shareholder.
4. : 99% of the company's issued and paid-up capital, resulting from preferential allotment, is under lock-in with depositories until March 31, 2026.
5. : The company refuted claims of exporting ASIC chips or conducting export business worth Rs. 6.15 crore.

False Claims Circulating on Social Media

The company highlighted specific misleading claims made in a YouTube video:

False Claim

Market Impact and Company's Concerns

RRP Semiconductor expressed concern over the unprecedented price movement of its shares on the BSE, which it attributes to the circulation of false information. The company emphasized that only around 4,000 shares are in demat mode,...

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