Scrutinizer Report along with voting results for the 44th AGM of RRP Defense Limited (formerly known as Euro Asia Exports Limited) for the FY 24-25.
Awaiting price reaction for this filing.
RRP Defense Ltd (formerly Euro Asia Exports Limited) held its 44th Annual General Meeting on September 29, 2025 via video conferencing. All 7 resolutions were passed with an overwhelming 99.94% majority. Key resolutions included adoption of FY25 audited financial statements, re-appointment of a rotating director, appointment of statutory and secretarial auditors, and a Special Resolution to raise borrowing powers under Section 180(1)(C) up to ₹1,000 crore along with higher thresholds for loans, guarantees, and investments under Section 186. Shareholders also took note of the certificate confirming the company's name change. However, shareholder participation was extremely thin — only 28 members voted in favor and 4 against across the resolutions, casting roughly 367,146 votes total.
The ₹1,000 crore borrowing limit hike and expanded investment authority suggest RRP Defense is preparing for significant capital raising or expansion in its new defense business, which could mean more debt or equity dilution ahead. The near-unanimous approval and very low voter turnout indicate the resolutions were passed largely by promoter-aligned shareholders, so retail investors should watch for follow-up announcements on fund-raising plans.