Stock Exchange and Stakeholders are requested to take on record the outcome of the board meeting pertaining to the appointment of Joint Statutory Auditor.
Awaiting price reaction for this filing.
RRP Defense Ltd's Board of Directors, at its meeting on 17 February 2026, approved the appointment of M/s Kale Malde & Co., Chartered Accountants (FRN: 154422W) as Joint Statutory Auditor of the Company, subject to shareholder approval. The existing Statutory Auditor, M/s TDK & Co. (FRN: 109804W), appointed at the September 2025 AGM for a five-year term until AGM 2030, will continue, and both firms will jointly conduct the statutory audit going forward. The new joint auditor will hold office from the date of shareholder approval until the AGM in 2030, covering the remaining tenure of the existing auditor. The appointment was made on the recommendation of the Audit Committee and is aimed at strengthening audit oversight and coverage of the Company's operations, with shareholder approval to be sought through an EGM or postal ballot.
This is a routine addition of a joint auditor to strengthen audit oversight and is not linked to any governance red flag or resignation. It is unlikely to have any material impact on the stock price for existing shareholders.