RRP Semiconductor's 55,000% Rally Halted: Trading Restricted Amid Surveillance

• RRP Semiconductor's stock surged an astonishing 55,000%, attracting significant attention and leading to trading restrictions by exchanges.
• The stock is under "Surveillance Measure," placed in Stage 1 of the Long-term Additional Surveillance Framework and Stage 0 of the GSM framework.
• Despite the massive rally, the company has only two full-time employees, and trading volumes were extremely low, often single to low double digits.
• Trading is now restricted to once a week with a 1% price band, and the stock has declined 1% in the last six Monday sessions.
• Founder Rajendra Chodankar acquired GD Trading and Agencies Ltd. and, along with associates, owns over 90% of RRP Semiconductor's shares.

Why It Matters: RRP Semiconductor's meteoric 55,000% rally triggered trading restrictions and surveillance measures.