Please find enclosed the Outcome of the Board Meeting held on May 30, 2026, inter alia, for the approval of the Financial Results for the quarter and financial year ended March 31, 2026.
Awaiting price reaction for this filing.
RRP Defense Ltd (formerly EuroAsia Exports Ltd) reported a net loss of Rs 102.35 lakh for FY26 compared to a net profit of Rs 114.23 lakh in FY25, a dramatic turnaround from profit to loss. Revenue declined from Rs 1,238.49 lakh to Rs 1,044.75 lakh, down about 16% year-on-year. The company faced severe cash flow issues with negative operating cash flow of Rs 1,371.34 lakh for standalone and Rs 1,550.84 lakh for consolidated figures. Share capital increased significantly from Rs 156.88 lakh to Rs 1,371.88 lakh, likely through a preferential issue. Borrowings increased from Rs 120.25 lakh to Rs 226.82 lakh. Cash reserves deteriorated sharply from Rs 151.59 lakh to just Rs 1.51 lakh. Other equity turned negative at Rs 96.58 lakh, indicating accumulated losses have eroded shareholder equity.
The company swung from profit to loss with severe negative cash flow and deteriorating equity position. Despite an unqualified audit opinion, the financial health appears concerning with near-zero cash reserves and negative shareholder equity.