the meeting of the Board of Directors of RRP Defense Limited (formerly known as Euro Asia Exports Limited) held on Friday, 06 June 2025 at the Registered Office of the Company
Awaiting price reaction for this filing.
The board of RRP Defense Ltd met on June 6, 2025 and accepted the resignation of statutory auditor A Arora & Co. while appointing M/s. TDK & Co. as the new statutory auditor effective the same date. Notably, the outgoing auditor stated in its resignation letter that it was stepping down 'due to no response on inconsistency in books of accounts and other queries raised,' which raises governance concerns. The board also rescheduled a previously planned board meeting, with the new date to be communicated later. No financial results were disclosed in this filing.
This is a red flag for shareholders: the previous auditor resigned citing unresolved discrepancies in the company's books, and a mid-year auditor switch can shake investor confidence. Retail investors should watch for the next board meeting outcome and any forthcoming audited results to see how the new auditor handles these flagged inconsistencies.