Uravi Defence passes all six resolutions at 22nd AGM
- Uravi Defence and Technology Limited passed all six resolutions at its 22nd AGM held on September 30, 2026
- M/s Viren Gandhi & Co appointed as statutory auditors for a five-year term
- Re-appointment approved for Managing Director Niraj Gada and Whole Time Director Kaushik Gada for three years each
- Promoter group cast 87.62% of their holding in votes, with zero opposition recorded across all items
*this image is generated using AI for illustrative purposes only.
Uravi Defence and Technology Limited passed all six resolutions proposed at its 22nd Annual General Meeting held on September 30, 2026. The meeting was conducted via video conferencing in compliance with regulatory guidelines.
The agenda included the adoption of standalone and consolidated financial statements for FY26, along with key governance appointments. Promoter group members cast the majority of votes polled, while public shareholders participated through remote e-voting.
Key Governance Appointments
The shareholders approved the appointment of M/s Viren Gandhi & Co as statutory auditors for a five-year term. Additionally, the re-appointment of Mr. Niraj Gada as Managing Director and Mr. Kaushik Gada as Whole Time Director for three-year terms was ratified through special resolutions.
Mr. Kaushik Damji Gada was also re-appointed as a director retiring by rotation. All resolutions received unanimous support from the voting members present or participating remotely.
Voting Participation Details
The scrutinizer's report indicated low physical attendance but active remote participation among eligible shareholders. The following table summarizes the attendance and voting statistics:
| Metric | Count |
|---|---|
| Total shareholders on record date | 5,181 |
| Shareholders attending via video conferencing | 37 |
| Members casting votes via remote e-voting | 14 |
| Members casting votes during AGM | 0 |
Resolution Outcomes
All ordinary and special resolutions were passed with the requisite majority. The voting pattern showed that promoter group members polled 4,000,000 votes, representing 87.62% of their holding. Public institutional holders did not vote, while public non-institutional shareholders cast 1,767 votes.
- Resolution 1 & 2: Adoption of standalone and consolidated financial statements for FY26.
- Resolution 3: Re-appointment of Mr. Kaushik Damji Gada as director.
- Resolution 4: Appointment of M/s Viren Gandhi & Co as statutory auditors for five years.
- Resolution 5 & 6: Re-appointment and remuneration approval for MD Niraj Gada and WTD Kaushik Gada for three years each.
No invalid votes were recorded across any category of shareholders. The results were declared by the Chairman on September 30, 2026.
Historical Stock Returns for Uravi Defence and Technology
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.00% | -1.15% | -4.61% | -8.31% | -54.04% | -63.30% |
How will the five-year tenure of M/s Viren Gandhi & Co as statutory auditors influence Uravi Defence's financial reporting transparency and audit risk profile?
What specific strategic initiatives or capital allocation plans are expected under the renewed leadership of Mr. Niraj Gada and Mr. Kaushik Gada for the next three years?
Given that public institutional holders did not vote, what measures might the company take to improve institutional investor engagement and confidence in future governance matters?
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