This is to inform all the Stakeholders that Board of Directors in their meeting held today i.e 7th April, 2025 has allotted 21,50,000 Equity Shares to Non Promoter pursuant to Preferential ....
Awaiting price reaction for this filing.
The Board of Directors of Euro Asia Exports Limited (listed as RRP Defense Ltd in the source) approved the allotment of 21,50,000 equity shares on a preferential basis at ₹10 per share on 7th April 2025. The company raised ₹2.15 crore in total from three non-promoter allottees: Savir Power and Automation Pvt Ltd (17 lakh shares for ₹1.70 crore), Ms Bina Atul Chauhan (3 lakh shares for ₹30 lakh), and Ms Vandana Anil Jain (1.5 lakh shares for ₹15 lakh). The paid-up equity capital has increased from ₹1.57 crore (15.69 lakh shares) to ₹3.72 crore (37.19 lakh shares), more than doubling the share base. As a result, promoter holding has been diluted sharply from 16.18% to 6.83%, while public shareholding rose from 83.82% to 93.17%.
This is a small fundraise of just ₹2.15 crore, but it causes heavy dilution — promoter stake nearly gets cut by more than half (16.18% to 6.83%), which existing shareholders should note as a negative signal on promoter control. New non-promoter investors are now collectively holding over 57% of the expanded equity base.