Back-to-back Upper Circuit: Defence Drone Company Adjourns Board Meeting on Merger and Subsidiarization Plans to October 15, 2025

RRP Defense Limited, formerly known as Euro Asia Exports Limited, announced on October 10, 2025, the adjournment of its Board of Directors meeting due to certain unavoidable circumstances. The meeting, which was originally scheduled for Friday, October 10, 2025, will now be held on Wednesday, October 15, 2025.

The primary agenda of the postponed meeting included two key corporate proposals. The first was the subsidiarization of RRP Drones Innovation Private Limited through the issue and allotment of equity shares by way of a share swap. The second agenda item involved the merger and amalgamation of RRP S4E Innovation Limited with RRP Defense Limited.

About the Company

RRP Defense Ltd. is an Indian company that has rapidly transformed from a trading firm (formerly Euro Asia Exports Limited) into a key player in the country's Defence and drone technology sector. Under the "Make in India" initiative, RRP Defense is focused on designing, developing, and manufacturing advanced defence systems, particularly unmanned aerial systems (UAS) and related technologies. They've recently solidified their position through a significant tie-up with French-American Aerospace firm CYGR to establish a drone manufacturing facility in India, focusing on producing Drone Command Modules for international export. This strategic shift and international collaboration underscore RRP Defence's commitment to indigenous capabilities and its growing presence in the global defence market.

On Friday, shares of RRP Defense Limited hit a 2 per cent Upper Circuit and made a new 52-week high of Rs 690 per share. The company has a market cap of Rs 108 crore and the stock has given multibagger returns of 4,131 per cent from its 52-week low of Rs 16.73 per share.

Disclaimer: The article is for informational purposes only and not investment advice.