This is hereby informed that the Company has received today the No-objection certificate for the reclassification request dated July 08, 2025 from the stock exchange in pursuant to the ....
Awaiting price reaction for this filing.
RRP Defense Ltd has received a No-Objection Certificate from BSE for the reclassification of Mr. Naresh K Chibba from promoter to public shareholder under Regulation 31A of SEBI LODR Regulations, 2015. The original application was filed on July 08, 2025, and the NOC was received on August 22, 2025. Separately, BSE also issued a warning letter (LIST/COMP/SJ/401/2025-26) to the company flagging non-compliance related to the submission of the reclassification application. The company has been advised to exercise caution and take corrective steps to avoid such lapses in the future.
This move means Naresh K Chibba will exit the promoter category and be treated as a public shareholder, which reduces the official promoter group size. The accompanying warning letter from BSE highlights procedural lapses, which could be a minor negative governance signal for the stock in the short term.