Uravi Defence and Technology has dispatched its Annual Report for FY26 and the notice for its 22nd Annual General Meeting via web link to members who do not have registered email addresses. The company issued this communication on September 9, 2026, in compliance with SEBI Listing Regulations.

The move targets shareholders whose email addresses were not registered with the company, BigShare Services Private Limited (Registrar and Transfer Agent), or depositories as of September 4, 2026. The documents are accessible on the company’s website at www.uravilamps.com .

AGM Details

The 22nd AGM is scheduled for September 30, 2026, at 11:00 am via Video Conferencing or Other Audio Visual Means. Shareholders holding shares as on the cut-off date of September 23, 2026, are eligible to vote. Remote e-voting will be available from September 27 to September 29, 2026, facilitated by National Securities Depository Limited.

Key Agenda Items

The primary business items for the AGM include:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Re-appointment of Kaushik Damji Gada as a director retiring by rotation.
• Appointment of M/s Viren Gandhi & Co as statutory auditors for a five-year term.
• Reappointment and remuneration approval for Managing Director Niraj Gada.
• Reappointment and remuneration approval for Whole-time Director Kaushik Gada.

Director Reappointments

The addendum outlines specific remuneration caps for the proposed reappointments:

The resolutions require approval via Special Resolution under Schedule V of the Companies Act, 2013. The Board noted that these appointments are subject to shareholder approval despite potential inadequacy of profits under Section 198 of the Act.

Auditor Appointment

The company seeks shareholder approval to appoint M/s Viren Gandhi & Co as statutory auditors. This follows the resignation of the previous auditors, M/s GBCA and Associates LLP, in November 2025. The new appointment covers the period from the conclusion of the 22nd AGM until the 27th AGM in 2031.

Uravi Defence and Technology reported a sharp expansion in consolidated profitability for the first quarter of FY27, with net profit after tax jumping 156% year-on-year to ₹356.9 crore. The surge contrasts with a more modest 13% growth in total income, suggesting improved cost efficiencies or margin expansion at the group level during the period ended June 30, 2026.

While the consolidated figures highlight strong momentum, the standalone entity recorded a divergence in performance. Standalone net profit fell 13% year-on-year to ₹65.8 crore, down from ₹75.3 crore in the same quarter last year. Standalone revenue grew 8% to ₹2,663 crore, indicating that the parent company’s profitability was under pressure despite top-line growth, while subsidiaries or associates contributed significantly to the overall group earnings.

Financial Highlights

The company filed its unaudited standalone and consolidated financial results pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The results were published in Business Standard and Navakal on August 15, 2026.

Note: Data sourced from company filings; figures in ₹ crore.

What the Numbers Show

A critical observation in the filing is the discrepancy between pre-tax and post-tax profit trends at the consolidated level. While consolidated pre-tax profit rose only 3.7% year-on-year (from ₹161 crore to ₹167 crore), post-tax profit surged by over 150%. This divergence suggests a favorable change in tax provisions or significant other income items that were not present in the comparable prior period, rather than pure operational leverage driving the bottom-line growth. Investors should scrutinize the tax rate and other income components in the detailed financial statements to understand this variance.

Conversely, the standalone segment shows a contraction in profitability despite revenue growth. The drop in standalone net profit from ₹753 crore to ₹658 crore, alongside an 8% increase in revenue, indicates widening costs or lower margins for the parent company itself. This highlights the increasing importance of consolidated subsidiaries in driving Uravi Defence’s overall financial health.

Shareholder Metrics

Earnings per share (EPS) on a consolidated basis rose sharply to ₹6.34 from ₹3.07 in the previous year, reflecting the impact of the profit surge. Standalone EPS remained relatively stable at ₹18.67, compared to ₹20.10 in the prior year quarter. The company’s equity share capital stood at ₹3,527 crore on a consolidated basis as of the reporting date.