Urban Enviro postpones warrant issue due to market volatility

Urban Enviro Waste Management Limited has announced the postponement of its proposed preferential issue of up to 32,00,000 Fully Convertible Warrants. The decision was communicated to the National Stock Exchange of India Limited on May 20, 2026, under Regulation 30 of the SEBI LODR Regulations.

The Board of Directors had initially approved the proposal for the issue of warrants to promoters and non-promoters on March 11, 2026. Subsequently, the shareholders approved the issue through a postal ballot on April 22, 2026. The company received the In-Principle Approval from the NSE on May 6, 2026, vide letter Ref. No. NSE/LIST/54201.

Timeline of Approvals

Date	Event
March 11, 2026	Board approves preferential issue proposal
March 23, 2026	Application for In-Principle Approval submitted to NSE
April 22, 2026	Shareholders approve issue via Postal Ballot
May 6, 2026	In-Principle Approval received from NSE

Under the provisions of the SEBI ICDR Regulations, the company was required to complete the allotment of securities within 15 days from the date of receipt of the In-Principle Approval. However, due to prevailing market volatility, the proposed investors decided not to proceed with the issue at this time.

The company stated that this decision shall not have any material adverse impact on its business operations, financial position, or stability. It noted that it remains operationally and financially strong. The company may revisit and re-initiate the preferential issue process at a later stage, subject to obtaining fresh requisite approvals.

Fundraising Status

While the warrant issue has been postponed, the company confirmed that its separate fundraising initiative through a Qualified Institutions Placement (QIP) remains unaffected. The QIP for an amount up to ₹32 crore continues as planned. The Board of Directors will take note of the postponement in its ensuing meeting.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.94%	-10.07%	-5.96%	-16.07%	-26.37%	+3.88%

urban enviro waste management has released a detailed business update outlining its order procurement activity for FY 2025-26 and the ongoing FY 2026-27. The company has secured a combined total of 33 orders across three states — Maharashtra, Gujarat, and Rajasthan — covering a wide range of urban solid waste management services including door-to-door collection, transportation, processing, road sweeping, drain cleaning, and facility management.

Order Procurement Summary

The company's order book reflects strong activity across both fiscal years. The following table summarises the aggregate order procurement data:

Metric:	FY 2025-26	FY 2026-27 (till 10th May 2026)
Total Orders Procured:	25	8
Total Annual Billing Value:	₹42.26 Crores	₹28.05 Crores

FY 2025-26 Order Details

In FY 2025-26, Urban Enviro Waste Management procured 25 orders spanning municipalities and urban local bodies across Maharashtra, Gujarat, and Rajasthan. The contracts range from short-term engagements of 1–2 months to long-term concessions of up to 5 years, covering diverse solid waste management functions. The table below presents the complete order details for FY 2025-26:

Sr No.	Contract Description	Local Body	State	Contract Type	Tenure	Start Date	End Date	Approx. Monthly Billing (₹)	Annual Billing Value (₹ Crore)
1	Collection of Solid Waste from House to House and transportation to SWM site and sweeping of main road and Drain Cleaning — Nagar Panchayat Sindewahi Lonwahi	Sindewahi Lonwahi	Maharashtra	Short	1 Year	04-Jun-25	04-Jun-26	3,52,011.17	0.42
2	Processing of Solid Waste at SWM Site — Nagar Panchayat Sindewahi Lonwahi	Sindewahi Lonwahi	Maharashtra	Short	1 Year	04-Jun-25	04-Jun-26	1,60,409.42	0.19
3	Collection and transportation of segregated solid waste (dry and wet) — Akola Municipal Corporation	Akola Municipal Corporation	Maharashtra	Long	5 Years	29-Aug-25	31-Aug-30	27,55,000.00	3.31
4	Daily Municipal Solid Waste collection, transportation, processing and disposal — MC Tirora	MC Tirora	Maharashtra	Short	10 Months	02-Jan-26	31-Oct-26	13,00,014.83	1.56
5	Collection, transportation, processing, sweeping, drain cleaning, public toilet maintenance and insecticide spraying — Mul Nagar Parishad	Mul Nagar Parishad	Maharashtra	Short	10 Months	30-Oct-25	30-Jul-26	19,43,744.00	2.33
6	Door-to-Door Collection & Transportation — Balasinor Nagarpalika	Balasinor	Gujarat	Short	1 Year	01-Jun-25	30-May-26	6,97,623.58	0.84
7	Sweeping/Cleaning — All Wards (1 to 9) of Anjar Nagarpalika	Anjar Nagarpalika	Gujarat	Short	2 Years	01-May-25	30-Apr-27	32,39,507.00	3.89
8	Road/Street Sweeping — Anklav Nagarpalika	Anklav Nagarpalika	Gujarat	Short	1 Year	17-May-25	16-May-26	5,55,609.95	0.67
9	Development of Solid Waste Processing Plant (Dry and Wet Waste) — Savarkundla Municipality	Savarkundla Municipality	Gujarat	Short	1 Year	01-Sep-25	01-Sep-26	8,33,333.33	1.00
10	Door-to-Door/Gate/Spot/GVP MSW Collection and Transportation — Thangadh Nagarpalika	Thangadh Nagarpalika	Gujarat	Short	1 Year	01-Jul-25	30-Jun-26	6,16,159.62	0.74
11	Collection, Transportation, and Disposal of Waste from All Wards (1 to 13) — Morbi Municipal Corporation	Morbi	Gujarat	Short	1 Year	01-Aug-25	31-Jul-26	15,90,000.00	1.91
12	Road Sweeping, Door-to-Door Garbage Collection and Property Cleaning — Jambusar Nagarpalika	Jambusar Nagar Sevasadan	Gujarat	Short	1 Year	10-Jul-25	09-Jul-26	15,71,868.67	1.89
13	Processing of Legacy Solid Waste at Dumping Site under Swachh Bharat Mission-2.0 — Bilimora Nagarpalika	Bilimora Nagarpalika	Gujarat	Short	2 Months	05-Sep-25	31-Mar-26	1,41,38,333.00	16.97
14	Development of Solid Waste Processing Plant (Design, Build, Operate and Transfer) — Thangadh Nagarpalika	Thangadh Nagarpalika	Gujarat	Short	1 Year	01-Jun-25	31-May-26	10,73,738.58	1.29
15	Collection, Transportation, Unloading; Dry Waste — Taluka Panchayat Dabhoi	Taluka Panchayat Dabhoi	Gujarat	Long	3 Years	02-Oct-25	02-Oct-28	5,53,298.00	0.66
16	Manpower Services for Various Work Departments — Dwarka Nagarpalika	Dwarka Nagarpalika	Gujarat	Short	1 Year	01-Aug-25	30-Jul-26	13,74,374.00	1.65
17	Door-to-Door Garbage Collection, Open Spot Garbage Collection and Transportation — Valsad Municipality	Valsad Nagar Seva Sadan	Gujarat	Short	1 Year + 2 (Extend)	31-Mar-26	31-Mar-28	24,63,920.67	2.96
18	Road Sweeping, Cleaning and Public Toilet Block Garden Services — Petlad Municipality	Petlad Nagarpalika	Gujarat	Short	1 Year	01-Apr-26	20-Mar-27	5,76,587.50	0.69
19	Door-to-Door/Gate/Spot/GVP MSW Collection and Transportation — Karamsad Anand Municipal Corporation	Karamsad Anand Municipal Corporation	Gujarat	Short	1 + 2 Years	16-Mar-26	15-Mar-29	24,70,507.85	2.96
20	Development of Solid Waste Processing Plant (Design, Build, Operate and Transfer) under SBM Urban 2.0 — Palitana Nagarpalika	Palitana Nagarpalika	Gujarat	Short	1- and 7-year O&M	01-Apr-26	01-Nov-27	19,30,833.33	2.32
21	Operation and Maintenance (O&M) of Solid Waste Processing Plant — Halol Nagar Palika	Halol Nagar Seva Sadan	Gujarat	Short	1 Year	01-Apr-26	01-Apr-27	7,39,833.33	0.89
22	Providing Hooper Vehicles — Nagar Nigam Jaipur Greater	Nagar Nigam Jaipur Greater	Rajasthan	Long	2 Years	01-Jul-25	30-Apr-28	14,60,000	1.75
23	Door-to-Door Household Waste Collection, Segregation and Transportation — Nagar Nigam Jaipur Heritage-Hawamahal Amer Zone	Nagar Nigam Jaipur Heritage-Hawamahal Amer Zone	Rajasthan	Long	2 Years	28-May-25	27-May-27	79,44,300	9.53
24	Rate Contract for Toilet Maintenance under SBM — Pali Nagar Parishad	Pali Nagar Parishad	Rajasthan	Long	1 Year	10-Sep-25	09-Sep-26	3,56,110	0.43
25	Door-to-Door Household Waste Collection, Segregation and Transportation using Geo-Fencing, VTS & RFID Based Monitoring — Nagar Nigam Pali	Nagar Nigam Pali	Rajasthan	Long	2+1 Years	10-May-26	10-May-29	—	9.48

Geographic and Contractual Spread

The FY 2025-26 order portfolio demonstrates broad geographic diversification. Gujarat accounts for the largest share of contracts by number, followed by Maharashtra and Rajasthan. Contract tenures vary significantly — from short-term engagements of 2 months (Bilimora Nagarpalika legacy waste processing) to long-term concessions of up to 5 years (Akola Municipal Corporation). The Bilimora Nagarpalika contract carries the highest individual annual billing value at ₹16.97 Crore, followed by Nagar Nigam Jaipur Heritage-Hawamahal Amer Zone at ₹9.53 Crore and Nagar Nigam Pali at ₹9.48 Crore.

FY 2026-27 Early Order Momentum

In FY 2026-27, up to 10th May 2026, Urban Enviro Waste Management has already procured 8 orders with a combined annual billing value of ₹28.05 Crores. This early-year order activity reflects continued engagement with urban local bodies across the company's operational geographies. The contracts secured so far in FY 2026-27 span services consistent with the company's established portfolio in solid waste management and urban sanitation.

Key Highlights

FY 2025-26: 25 orders secured with total annual billing value of ₹42.26 Crores
FY 2026-27 (till 10th May 2026): 8 orders secured with total annual billing value of ₹28.05 Crores
Contracts cover Maharashtra, Gujarat, and Rajasthan
Services include door-to-door waste collection, transportation, processing, road sweeping, drain cleaning, public toilet maintenance, manpower services, and solid waste processing plant development and O&M
Contract types include both short-term (under 3 years) and long-term (3 years and above) engagements
Largest single contract by annual billing: ₹16.97 Crore (Bilimora Nagarpalika, Gujarat — Legacy Solid Waste Processing under Swachh Bharat Mission-2.0)