the Board of Directors of RRP Defense Limited (Formerly Known as Euro Asia Exports Limited) held on Tuesday, 12 August 2025 at the Registered Office of the Company situated at Plot no. ....
Awaiting price reaction for this filing.
RRP Defense Ltd (formerly Euro Asia Exports Ltd) held a board meeting on 12 August 2025 and approved three items. First, unaudited standalone financial results for Q1 FY26 (quarter ended 30 June 2025) showed zero revenue from operations, against Rs 537.02 lakhs in the preceding quarter and Rs 155.54 lakhs in the year-ago quarter. The company posted a net loss of Rs 19.61 lakhs, reversing a profit of Rs 89.76 lakhs in Q4 FY25, translating to a loss per share of Rs 0.14 (vs. EPS of Rs 5.72 last quarter). Second, the board took note of BSE's confirmation of the company's name change to 'RRP Defense Limited' effective 12 August 2025. Third, it approved shifting the registered office within New Delhi from Loha Mandi, Naraina Industrial Area, to Lajpat Nagar 4. Notably, paid-up equity share capital jumped sharply to Rs 1,371.88 lakhs from Rs 156.88 lakhs, indicating a fresh share issuance during the quarter.
The complete absence of revenue and a quarterly loss are near-term negatives that may weigh on the stock. However, the rebranding to 'RRP Defense,' the sharp rise in share capital, and likely business pivot to the defense sector could be watched as a longer-term turnaround signal, though execution risk is high until revenue resumes.