The Board of Directors has inter alia considered and approve the following: 1. Increasing the borrowing powers under Section 180(1)(C) of the companies act, 2013 up to INR 1000 Crores. 2. ....
Awaiting price reaction for this filing.
The Board of RRP Defense Ltd (formerly Euro Asia Exports Limited), at its meeting on 06 September 2025, approved raising the company's borrowing limit up to INR 1,000 Crores under Section 180(1)(C) of the Companies Act, 2013. The Board also approved increasing the threshold for giving loans, guarantees, securities and investments under Section 186. Additionally, the Notice of the Annual General Meeting and Director's Report for FY ending 31 March 2025 were approved. M/s Kalpesh Khatri & Associates was appointed as Internal Auditor for FY 2025-26, and M/s Amit Saxena & Associates was appointed as Scrutinizer for the AGM e-voting process.
The sharp rise in the borrowing ceiling to ₹1,000 Crore signals potential large-scale expansion, acquisitions, or capex plans, which may increase debt and financial risk for shareholders. Investors should watch for future announcements on how this capacity is actually used, as it could materially affect the company's leverage profile.