RRP Defense Limited , a key player in the defense sector, has announced a significant strategic move to strengthen its position in the drone industry. The company's Board of Directors has approved the acquisition of RRP Drone Innovation Private Limited through a share swap deal valued at approximately Rs. 226.88 crore.

Acquisition Details

The Board has given the green light for the issuance of up to 1,27,45,935 equity shares at Rs. 178 per share on a preferential basis. This share swap will facilitate the acquisition of a 100% stake in RRP Drone Innovation Private Limited, transforming it into a wholly-owned subsidiary of RRP Defense Limited.

Key Points of the Transaction

About RRP Drone Innovation

RRP Drone Innovation Private Limited, incorporated in February 2024, specializes in drone manufacturing, repair, rental, and consultancy services. The company reported a turnover of Rs. 14.09 crore in its first year of operations, indicating a strong start in the rapidly growing drone sector.

Strategic Implications

This acquisition aligns with RRP Defense's strategy to expand its capabilities in the drone technology space. By bringing RRP Drone Innovation under its umbrella, RRP Defense aims to enhance its product portfolio and service offerings in the defense and commercial drone markets.

Additional Corporate Actions

The Board meeting also addressed other significant matters:

1. Potential Merger: The Board noted a proposal for merger with RRPS4E Innovation Limited. A committee has been formed to evaluate the merger structure and related aspects.

2. Corporate Office Relocation: Approval was given to shift the corporate office from Gurugram to Navi Mumbai, potentially streamlining operations and aligning with the company's growth strategy.

3. Securities Issue Committee: A dedicated committee has been established to oversee the share issuance process, ensuring compliance with regulatory requirements.

Completion Timeline

Subject to shareholder approval and necessary regulatory clearances, the acquisition is expected to be completed within 15 days of receiving all required approvals.

Market Implications

This strategic move by RRP Defense Limited underscores the growing importance of drone technology in both defense and commercial sectors. The acquisition is likely to strengthen the company's market position and potentially drive innovation in drone-related products and services.

Investors and industry observers will be watching closely to see how this acquisition impacts RRP Defense's financial performance and market standing in the coming quarters.

RRP Defense Ltd, formerly known as Euro Asia Exports Limited, has announced the postponement of its board meeting originally scheduled for October 10, 2025. The meeting, which was set to discuss significant corporate actions, has been rescheduled to October 15, 2025, due to unavoidable circumstances.

Key Points of the Announcement

1. Meeting Agenda: The board meeting was intended to consider two major corporate actions:

   • Subsidiarization of RRP Drones Innovation Private Limited through an equity share swap
   • Merger of RRP S4E Innovation Limited with RRP Defense Ltd

2. Rescheduled Date: The new date for the board meeting is set for Wednesday, October 15, 2025.

3. Trading Window: The company has confirmed that the trading window for its securities will remain closed until 48 hours after the conclusion of the rescheduled board meeting, in compliance with SEBI regulations.

Corporate Details

The postponement of this crucial board meeting highlights the company's adherence to regulatory compliance and transparency in its corporate governance practices. Investors and stakeholders will be keenly watching the outcomes of this meeting, as the proposed actions could significantly impact the company's structure and operations.

The subsidiarization of RRP Drones Innovation Private Limited and the potential merger with RRP S4E Innovation Limited suggest that RRP Defense may be looking to consolidate its operations or expand its business capabilities. These strategic moves could potentially enhance the company's market position in the defense sector, particularly in drone technology and innovation.

As the rescheduled meeting approaches, market participants will likely be monitoring any further updates or disclosures from the company. The outcomes of this meeting could have implications for RRP Defense's future growth strategy and operational structure.