RRP Defense Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/10/2025 ,inter alia, to consider and approve 1. Subsidiarization of RRP Drones ....
Awaiting price reaction for this filing.
RRP Defense Ltd has informed BSE that its Board of Directors will meet on Friday, October 10, 2025. The board will consider making RRP Drones Innovation Private Limited a subsidiary of the company through a share swap with common promoters and public shareholders, and will also decide the applicable share swap ratio. Separately, the board will consider the merger and amalgamation of RRP S4E Innovation Limited with RRP Defense under Sections 230–232 of the Companies Act, 2013 (the NCLT route). Both proposals are subject to shareholder and other regulatory approvals and are only being deliberated at this stage — nothing has been approved yet.
This is a prior intimation only; no decision has been made. If approved, it would consolidate the promoter group's drone and defense-related entities under the listed company, potentially expanding its business scope, but the share swap ratio, related party transaction implications, and regulatory clearances will be the key things to watch for actual shareholder impact.