RRP Defense Limited, formerly known as Euro Asia Exports Limited, has announced significant changes in its key managerial personnel, specifically in the role of Company Secretary and Compliance Officer.

Resignation of Divya Shekhawat

Ms. Divya Shekhawat has tendered her resignation from the position of Company Secretary and Compliance Officer of RRP Defense Limited. The resignation, citing personal reasons, took effect on November 17, 2025. As a result of her departure, Ms. Shekhawat also ceases to be a Key Managerial Personnel of the company.

Appointment of Ankita Jain

Following Ms. Shekhawat's resignation, the Board of Directors of RRP Defense Limited has appointed Ms. Ankita Jain as the new Company Secretary and Compliance Officer. This appointment, which took effect on November 18, 2025, was made based on recommendations from the Nomination and Remuneration Committee.

Ms. Jain, who holds the ACS No. 60178, brings experience to her new role. She is recognized for her expertise in corporate governance, compliance management, and secretarial practices. Her background includes guiding companies through statutory filings, board procedures, and regulatory frameworks under the Companies Act and related corporate laws.

Details of the Changes

The company has provided the following details regarding these changes:

Compliance with Regulations

These changes have been disclosed in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also adhered to the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, in making these disclosures.

The Board meeting discussing these changes commenced at 5:00 PM and concluded at 5:15 PM on November 18, 2025.

RRP Defense Limited continues to maintain its registered office in New Delhi and its corporate office in Navi Mumbai. The company's commitment to ensuring transparent governance and maintaining strong compliance systems is evident in its prompt disclosure of these key management changes.

RRP Defense Limited has successfully completed its strategic acquisition and capital restructuring plans after securing overwhelming shareholder approval through postal ballot. The defense and aerospace firm announced that all three special resolutions have been approved by shareholders with requisite majority, as confirmed by scrutinizer Ajay Yadav of Ajay Yadav & Associates in his report dated December 10.

Voting Results and Process

The remote e-voting process conducted from November 11 to December 10 resulted in strong shareholder backing across all resolutions. The company had 1,838 shareholders on the record date of November 7, with the cut-off date set as October 31 for voting eligibility.

Acquisition of RRP Drones Innovation

Shareholders have approved the acquisition of 100% stake in RRP Drones Innovation Private Limited through a comprehensive share swap arrangement. This strategic move strengthens RRP Defense's position in the drone and defense technology sectors.

Capital Structure Enhancement

The approved increase in authorized share capital from ₹16.50 crores to ₹27.00 crores provides enhanced financial flexibility for the acquisition and future growth initiatives. This capital restructuring supports the company's expansion strategy in the defense sector.

Regulatory Compliance and Related Party Transactions

The approval of related party transactions ensures full regulatory compliance, considering that 57.62% of RRP Drones Innovation's shares are held by RRP Defense's promoter and promoter group. This transparency measure aligns with corporate governance requirements under the Companies Act, 2013.

The successful completion of this postal ballot process marks a significant milestone for RRP Defense's expansion strategy. The acquisition is expected to enhance the company's product portfolio and strengthen its competitive position in the rapidly growing defense technology and drone manufacturing segment.