Please find attached the postal ballot results along with the Scrutinizer''s report.
Awaiting price reaction for this filing.
RRP Defense Ltd (formerly Euro Asia Exports Limited) received shareholder approval through postal ballot for three special resolutions with overwhelming support (over 99.77% in favour on each). The resolutions approved are: (1) acquiring up to 100% stake in RRP Drones Innovation Private Limited through a share swap and preferential allotment, (2) increasing the authorized share capital to up to Rs. 27 crore, and (3) approving related party transactions. E-voting ran from November 11 to December 10, 2025. However, overall voter turnout was low at around 16.14% of total shares, with promoters notably not exercising their voting rights. Promoters are interested in two of the three resolutions.
Shareholders have greenlit a major acquisition in the drone sector via share swap (no cash outflow), a capital structure expansion allowing future fundraising, and ongoing related party deals. The low public voter turnout and promoters' non-voting on interested resolutions may raise governance questions for minority investors, though all resolutions passed comfortably.