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 has announced a series of strategic moves that could significantly reshape the company's structure and capabilities. The defense and aerospace firm has issued a postal ballot notice seeking shareholder approval for three special resolutions, including a major acquisition, an increase in authorized share capital, and approval for related party transactions.

Acquisition of RRP Drones Innovation

The company proposes to acquire a 100% stake in RRP Drones Innovation Private Limited through a share swap deal. This acquisition aims to bolster RRP Defense's position in the drone and defense sectors. The deal structure involves:

• Issuance of 1,27,45,935 equity shares of RRP Defense
• Share swap ratio of 45:1 (45 shares of RRP Defense for every 1 share of RRP Drones Innovation)
• Total deal value of Rs. 226.87 crores

Increase in Authorized Share Capital

To facilitate the acquisition and future growth, RRP Defense plans to increase its authorized share capital from Rs. 16.5 crores to Rs. 27 crores. This move will provide the company with greater flexibility for future capital raising initiatives.

Related Party Transaction Approval

The acquisition involves a related party transaction, as 57.62% of RRP Drones Innovation's shares are held by the promoter and promoter group of RRP Defense. Shareholders are being asked to approve this transaction to ensure transparency and compliance with regulatory requirements.

Impact on Shareholding

Post-acquisition, the promoter shareholding in RRP Defense is expected to decrease from 74.65% to 66.45%. This change in shareholding structure could potentially increase the stock's liquidity in the market.

E-voting Details

The company has set up a remote e-voting period for shareholders to cast their votes on these resolutions:

• Start Date: November 11, 2025
• End Date: December 10, 2025

Shareholders are encouraged to participate in this decision-making process that could shape the future direction of RRP Defense.

This strategic move by RRP Defense appears to be aimed at expanding its capabilities in the drone sector, which is becoming increasingly important in modern defense systems. The acquisition, if approved, could potentially enhance the company's product offerings and market position in the defense and aerospace industry.

Investors and shareholders should carefully consider the implications of these proposed changes before casting their votes. The outcome of this postal ballot could have significant implications for the company's future growth trajectory and market valuation.