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 , a key player in the Indian defense sector, has announced the establishment of a fully owned subsidiary named 'Vimananu Limited'. This strategic move marks the company's entry into the drone and defense equipment production sector, signaling a significant expansion of its business portfolio.

Key Details of the New Subsidiary

Vimananu Limited, incorporated on November 6, 2025, is set to focus on the manufacturing, operation, repair, and rental services of various types of radar equipment, aeronautical and nautical equipment, aircraft including defense aircraft, and drones. The company will also provide training services in these areas.

Financial and Structural Aspects

The new subsidiary has been established with the following financial structure:

RRP Defense has subscribed to 100% of the initial paid-up share capital, amounting to Rs. 50,00,000, in cash.

Corporate Governance and Compliance

The incorporation of Vimananu Limited has been carried out in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As a related party of RRP Defense Limited, the transaction has been conducted at arm's length, with common directorship being the nature of interest between the two entities.

Strategic Implications

This move by RRP Defense into the drone and advanced defense equipment sector aligns with the growing importance of unmanned aerial vehicles in modern warfare and surveillance. By diversifying its portfolio, RRP Defense is positioning itself to capitalize on the increasing demand for sophisticated defense technologies.

Market Impact

While it's too early to gauge the market's reaction to this development, the expansion into the drone sector could potentially enhance RRP Defense's competitive position in the defense industry. The move may be viewed positively by investors looking for companies with diversified defense capabilities.

Future Outlook

As Vimananu Limited begins its operations, industry observers will be keen to see how quickly it can establish itself in the drone and defense equipment market. The success of this venture could have significant implications for RRP Defense's future growth trajectory and its role in India's defense technology landscape.

RRP Defense's decision to enter the drone sector through a wholly-owned subsidiary demonstrates the company's commitment to expanding its technological capabilities and adapting to evolving defense needs. As the subsidiary begins operations, its performance will be closely watched by both the defense industry and investors alike.