Pursuant to Regulation 31A of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015, the Company has received a letter on 23rd June 2025 from Mr. Naresh Kumar Chibba one ....
Awaiting price reaction for this filing.
RRP Defense Ltd (formerly Euro Asia Exports Limited) has received a request from promoter Mr. Naresh Kumar Chibba to reclassify his shareholding from the 'Promoter and Promoter Group' category to the 'Public' category. He currently holds 13,500 equity shares, which represented 0.86% before a preferential allotment of 1.21 crore equity shares on April 17, 2025, and now stands at just 0.10%. Mr. Chibba has cited SEBI rules, noting that since his holding is well below 15%, he qualifies to be classified as a public shareholder. The reclassification still requires approval from the Board of Directors and BSE before it becomes effective.
This is a procedural reclassification of a very small promoter stake (0.10% post-allotment) and is unlikely to have any material impact on the stock price or overall promoter control of the company. Shareholders should note that the company's shareholding structure was already significantly diluted by the recent preferential allotment.