Appointment of M/s Kalpesh Khatri & Associates as Internal Auditor of the Company for the Financial Year 2025-2026.
Awaiting price reaction for this filing.
The board of RRP Defense Ltd met on 6 September 2025 and approved multiple items. The key appointment is M/s Kalpesh Khatri & Associates, a practicing Chartered Accountant firm, as Internal Auditor for FY 2025-2026. The board also approved raising the company's borrowing limit under Section 180(1)(C) of the Companies Act to up to INR 1,000 crores and increased the threshold for loans, guarantees and investments under Section 186. Additionally, the notice for the Annual General Meeting and the Director's Report for FY ending 31 March 2025 were approved, and M/s Amit Saxena & Associates was appointed as scrutinizer for the e-voting process.
The internal auditor appointment is a routine annual compliance matter. However, the sharp increase in the borrowing limit to ₹1,000 crore signals that the company is preparing to take on significantly more debt, which could fund growth or acquisitions but also raises leverage and interest-cost risk for shareholders.