Please find attached intimation with respect to incorporation of Wholly owned subsidiary.
Awaiting price reaction for this filing.
RRP Defense Ltd has incorporated a new wholly owned subsidiary named 'Vimananu Limited' in India on 6th November 2025. The new entity will operate in the Drone and Defence sector, focusing on manufacturing, operations, repair, renting, and training related to radar equipment, aeronautical and nautical equipment, aircraft, and defence aircraft and drones. RRP Defense will hold 100% of the subsidiary, subscribing to the entire initial paid-up share capital of Rs. 50 Lakhs in cash. Vimananu Limited has been registered with the Registrar of Companies, Mumbai, and is yet to commence business operations. The transaction is at arm's length and classified as a related party transaction due to common directorship with the promoter.
This is a small, strategic expansion into the drone and defence manufacturing space through a wholly owned subsidiary, funded with a modest Rs. 50 Lakhs cash investment. The move is positive for shareholders as it signals RRP Defense's intent to diversify and tap into the growing defence and drone sector, though the financial impact is currently negligible given the small capital base.