Uravi Defence promoters report no new encumbrances in FY26

3 min read     Updated on 16 Jun 2026, 04:58 AM
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Uravi Defence and Technology Limited disclosed that its promoters and persons acting in concert did not create any new encumbrances on shares during the financial year ended March 31, 2026. The declaration, submitted by Promoter Kaushik Damji Gada, confirms compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The total promoter shareholding stands at 6,178,160 shares, with 444,400 shares previously encumbered.

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Uravi Defence and Technology Limited has confirmed that its promoters and persons acting in concert did not create any fresh encumbrances on the company's shares during the financial year ended March 31, 2026. The disclosure, made by Promoter Kaushik Damji Gada on behalf of all promoters, the promoter group, and persons acting in concert, states that no shares were encumbered directly or indirectly other than those already disclosed in the financial year 2025-26. This declaration was submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing provides a detailed breakdown of the shareholding held by the promoters and persons acting in concert. The aggregate holding amounts to 6,178,160 shares. Out of this total, a cumulative 444,400 shares remain encumbered as previously disclosed to the stock exchanges. The majority of the listed entities hold unencumbered shares, with only one shareholder, Priyanka Aggarwal, recording encumbered shares against her name.

Shareholding Details

The following table outlines the number of shares held by each promoter and person acting in concert, along with the status of encumbrances:

Sr. No. Names of Promoters/Promoter Group & PAC No. of Shares No. of Shares Encumbered
1. Niraj Damji Gada 1855380 NIL
2. Kaushik Damji Gada 84480 NIL
3. Brijesh Aggarwal 109160 NIL
4. Gada Niraj Damji HUF 120020 NIL
5. Viney Parkash HUF 800 NIL
6. Damji Manek Gada 720020 NIL
7. Damji Manek Gada HUF 40020 NIL
8. Kaushik Damji Gada HUF 140020 NIL
9. Rachana Niraj Gada 440020 NIL
10. Brijesh Agarwal HUF 520 NIL
11. Viney Parkash Aggarwal 1200 NIL
12. Harsha Kaushik Gada 260020 NIL
13. Dina Damji Gada 340020 NIL
14. Priyanka Aggarwal 444420 444400
15. Viney Corporation Limited 1622060 NIL
16. Rakesh Kumar Aggarwal NIL NIL
17. Ved Parkash HUF NIL NIL
18. Ansh Niraj Gada NIL NIL
19. Ritu Niraj Gada NIL NIL
20. Piyush Kalyani Gala NIL NIL
21. Shlok Kaushik Gada NIL NIL
22. Siddhant Kaushik Gada NIL NIL
23. Narayn K Lilani NIL NIL
24. Sanya Rameshkumar Gidwani NIL NIL
25. Pratiksha Gidwani NIL NIL
26. Manisha Mansukhani NIL NIL
27. Renu Garg NIL NIL
28. Krishan Dass Gupta NIL NIL
29. Kapil Gupta NIL NIL
30. Vansh Aggarwal NIL NIL
31. Ansh Aggarwal NIL NIL
32. Atul Gupta NIL NIL
33. Shah Devchand & Co NIL NIL
Total 6178160 444400

The declaration was signed by Kaushik Damji Gada on April 07, 2026. The company requested that the exchanges place this information on their records.

Historical Stock Returns for Uravi Defence and Technology

1 Day5 Days1 Month6 Months1 Year5 Years
-0.11%-0.73%-8.06%-33.71%-77.19%-59.53%

What are the strategic reasons behind Priyanka Aggarwal maintaining encumbrances on nearly her entire shareholding while other promoters hold unencumbered shares?

Does the high level of unencumbered promoter holding suggest an upcoming increase in promoter stake or a lack of immediate need for liquidity?

How might the market interpret this stability in shareholding structure regarding the company's future financial health and governance?

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Uravi Defence reports lower FY26 profit, revenue declines

1 min read     Updated on 01 Jun 2026, 05:58 PM
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Uravi Defence and Technology Limited reported a decline in net profit to ₹131.70 lakh for FY26 from ₹178.58 lakh in the previous year, with revenue from operations falling to ₹3,862.05 lakh. The Board approved the audited results on May 26, 2026, and the statutory auditors issued a modified opinion on the consolidated results due to reliance on unaudited accounts for an associate. The company also divested its stake in SKL India (Private) Limited during the year.

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Uravi Defence and Technology Limited reported a net profit of ₹131.70 lakh for the financial year ended March 31, 2026, a decline from ₹178.58 lakh in the previous year. Revenue from operations for FY26 stood at ₹3,862.05 lakh, compared to ₹4,134.54 lakh in FY25. The Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 26, 2026. The results were published in newspapers on May 30, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

The statutory auditors, Viren Gandhi & Co., issued an unmodified opinion on the standalone financial results. However, the report on the consolidated financial results carries a modified opinion. This modification arises because the company relied on unaudited management accounts for its associate, Spafax International Holding Limited, to determine a share of profit of ₹72.05 lakh, as audited financial statements were not available.

Operational and Strategic Updates

During the year, the company completed the sale of its 50.01% shareholding in SKL India (Private) Limited, which ceased to be a subsidiary effective March 18, 2026. The advance of ₹1,125.20 lakh received earlier was adjusted against the sale consideration. Additionally, the company's investment in Spafax International Holding Limited crossed the 20% threshold on February 23, 2026, classifying it as an associate accounted for under the equity method.

Financial Performance

Total income for the year decreased to ₹4,049.20 lakh from ₹4,223.97 lakh in the prior year. Total expenses also reduced to ₹3,870.76 lakh from ₹3,967.82 lakh. For the quarter ended March 31, 2026, the company posted a net profit of ₹21.72 lakh on a total income of ₹1,068.03 lakh.

Metric FY26 (₹ in Lakhs) FY25 (₹ in Lakhs)
Income from Operations 3,862.05 4,134.54
Total Income 4,049.20 4,223.97
Total Expenses 3,870.76 3,967.82
Net Profit for the Period 131.70 178.58

The trading window, closed since April 1, 2026, will reopen 48 hours after the declaration of these results. Kaushik Damji Gada, Whole-time Director & CFO, signed the regulatory filing.

Historical Stock Returns for Uravi Defence and Technology

1 Day5 Days1 Month6 Months1 Year5 Years
-0.11%-0.73%-8.06%-33.71%-77.19%-59.53%

How will the divestment of SKL India impact Uravi's revenue streams and operational focus in the coming fiscal year?

What strategic benefits does Uravi anticipate from the increased stake in Spafax International Holding Limited crossing the 20% threshold?

When are the audited financial statements for Spafax expected to be available to resolve the modified opinion on the consolidated results?

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1 Year Returns:-77.19%