Annual Report for 44th Annual General Meeting of the Company for the Financial Year 2024-2025
Awaiting price reaction for this filing.
RRP Defense Ltd has filed its 44th Annual Report ahead of the AGM scheduled for September 29, 2025 via video conference. Revenue from operations fell about 16% to ₹10.45 crore from ₹12.51 crore in the previous year. Despite the revenue dip, profit after tax jumped nearly 48 times to ₹1.14 crore (from just ₹2.35 lakh last year), driven by sharply lower total expenses of ₹8.87 crore versus ₹12.47 crore. The company has undergone a major transformation — it changed its name from Euro Asia Exports to RRP Defense, pivoted its business toward defense products (reflex sights, thermal sights, border surveillance, miniature cameras) and later added drones to its object clause. A complete change in management happened in February 2025, with Rajendra Chodankar taking over as Managing Director, triggering an open offer. No dividend was recommended.
For shareholders: revenue declined but profitability improved dramatically, suggesting cost restructuring under the new management. The strategic shift into defense and drones, combined with a change of control and new leadership, signals a turnaround story that could attract investor interest, though the small scale of operations means execution risk remains high.