RRP Defense has announced plans to acquire majority stakes in two of its subsidiaries, RRP Drones Innovation Private Limited and RRP S4E & Innovation Limited. This strategic move aims to strengthen the company's position in drone technology and innovation services.

Acquisition Details

According to a disclosure made to the Bombay Stock Exchange (BSE) under Regulation 30 of the SEBI LODR Regulations, RRP Defense has executed a Term Sheet with both RRP Drones Innovation Private Limited and RRP S4E & Innovation Limited. The proposed transaction will result in RRP Defense holding a majority stake in the equity shares of both companies.

Strategic Implications

This acquisition aligns with RRP Defense's focus on expanding its portfolio in the drone technology and innovation services sectors. By bringing these subsidiaries under greater control, the company is poised to enhance its capabilities and market presence in these rapidly growing fields.

Transaction Process

The proposed acquisition is subject to several conditions:

1. Completion of satisfactory due diligence by the respective companies
2. Execution of definitive agreements
3. Fulfillment of applicable conditions

RRP Defense has stated that further details regarding the acquisition, as per SEBI circular no. SEBI/HO/CFD/PoD2/CIR/P/0155, will be disclosed after the execution of the share acquisition agreement and completion of due diligence.

Company Background

RRP Defense, formerly known as Euro Asia Exports Limited, is headquartered in New Delhi with a corporate office in Gurugram, Haryana. The company's move to acquire these subsidiaries suggests a strategic shift towards strengthening its position in the defense and technology sectors.

As this development unfolds, investors and industry observers will be keenly watching how RRP Defense leverages these acquisitions to drive growth and innovation in the drone technology and defense sectors.

RRP Defense Limited , formerly known as Euro Asia Exports Limited, has submitted additional information to the BSE regarding the resignation of its statutory auditor, A Arora & Co. The company's Managing Director, Rajendra Kamalakant Chodankar, made the submission on August 18, 2025, in response to a query from the stock exchange.

Key Details of the Auditor Resignation

• Auditor: A Arora & Co., Chartered Accountants (ICAI Firm Registration Number: 023066N)
• Appointment Date: September 25, 2024
• Original Term Expiry: September 24, 2029
• Resignation Announcement: June 6, 2025
• Latest Audit Report: For the quarter ended December 31, 2024

Additional Information Provided

RRP Defense Limited clarified that the detailed reasons for the auditor's resignation are contained in the attached resignation letter dated June 6, 2025. The company confirmed that there are no other relevant facts beyond those mentioned in the resignation letter.

Compliance with SEBI Regulations

The additional information was submitted in compliance with SEBI Circular dated October 18, 2019, which requires listed entities to provide specific details when a statutory auditor resigns. RRP Defense Limited has addressed the following key points in its submission:

1. No concerns were raised by the auditor prior to resignation that required communication to the Audit Committee or Board of Directors.
2. There were no instances where information requested by the auditor was not provided.
3. The company confirmed that there are no other facts relevant to the resignation beyond what is mentioned in the attached resignation letter.

Company Information

RRP Defense Limited is listed on the BSE with the scrip code 530929. The company's registered office is located in New Delhi, with its corporate office in Gurugram, Haryana.

This additional disclosure by RRP Defense Limited demonstrates the company's commitment to transparency and compliance with regulatory requirements. Investors and stakeholders may refer to the detailed resignation letter for a complete understanding of the auditor's decision to step down before the completion of their term.