Proceedings/ Outcome of the 44th Annual General Meeting held on Monday, 29th September, 2025 pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Awaiting price reaction for this filing.
RRP Defense Ltd held its 44th AGM on 29th September 2025 at 12:00 PM via video conferencing, concluding at 12:40 PM, with 18 members in attendance. The meeting confirmed quorum and transacted ordinary business including adoption of audited financial statements for FY ending 31st March 2025 and re-appointment of Mr. Venkateswara Gowtama Mannava (DIN: 07628039), who retires by rotation. Under special business, shareholders considered proposals to appoint M/s. Amit Saxena & Associates as Secretarial Auditors for 5 years, raise the borrowing limit under Section 180(1)(C) up to INR 1,000 crores, and increase the threshold for loans, guarantees and investments under Section 186 of the Companies Act, 2013. The meeting also took note of the certificate for the company's name change from Euro Asia Exports Limited. Voting results and scrutinizer's report will be filed separately.
The proposed increase in borrowing power to INR 1,000 crores signals potential fundraising or debt expansion plans that could dilute equity or raise leverage. Shareholders should watch for the voting results, as approval of the higher Section 180(1)(C) and Section 186 limits would give the board significantly more flexibility to raise debt and extend loans/investments going forward.