As Urban Enviro Waste Management marks three years of its listing on NSE Emerge—where its shares were listed on 22 June 2023—the Company is preparing to present its next phase of strategic growth, titled Urban 2.0, at its upcoming Annual General Meeting. The initiative is expected to outline the Company's approach towards entering new states, scaling its execution footprint, and deepening its participation in India's growing environmental services opportunity.

Operational Foundation Across Key Markets

Over the past three years, Urban Enviro has continued to build its capabilities in the waste management sector across Chhattisgarh, Maharashtra, Gujarat, and Rajasthan, creating a strong base for the next stage of expansion. The Company presently operates with 844 vehicles and 5,183 employees on roll, with this capacity expected to grow as new geographies are added in the coming phase.

The Board believes that the operational learning built over the last several years positions the Company to improve execution efficiencies, support margin expansion, and pursue faster top-line growth through new market entry.

Financial Growth and Fund Raising Plans

The Company has witnessed a substantial rise in profitability over recent fiscal years. The following table highlights the growth in profit:

To further strengthen its financial base and support expansion-led investments, Urban Enviro plans to raise approximately ₹75 crore over the next two years through a combination of QIP and warrants issuance.

Urban 2.0: Strategic Direction

While the full details of Urban 2.0 will be formally unveiled at the AGM, the broader strategic direction encompasses the following key priorities:

• Entry into new states beyond the current operational geographies
• Scaling of execution footprint and vehicle fleet
• Deepening participation in India's environmental services sector
• Leveraging opportunities under the government's Swachh Bharat Mission (SBM) Urban 2.0, which focuses on waste management mandates for urban local bodies (ULBs)
• Working towards cities achieving "Garbage-Free" status through 100% door-to-door collection, source segregation, and treatment of solid/liquid waste
• Addressing directives including bio-mining of legacy dumps, zero open discharge of sewage, and reuse of treated effluent

Management Commentary

Commenting on the upcoming initiative, the management stated: "Urban 2.0 represents a natural progression in the Company's journey as a listed enterprise. Having established a credible operating foundation across key markets, the Company now believes it is well placed to pursue its next phase of growth with greater scale, stronger financial capacity and sharper execution. Company is aggressively looking at opportunities that the government's Swachh Bharat Mission (SBM) Urban 2.0 which focuses on waste management with mandates for urban local bodies (ULBs)."

About Urban Enviro Waste Management

Urban Enviro Waste Management Limited provides waste management solutions and Municipal Solid Waste (MSW) management services, comprising waste collection, transportation, segregation, and disposal services across the country. The Company caters to Indian local bodies and also provides services to residential areas, industries, research institutes, power stations, government and semi-government hospitals, and cantonment boards. The Company has an established track record of over 15 years as a significant player in the waste management industry.

Urban Enviro Waste Management Limited's Board of Directors convened on May 7, 2026, approving the audited standalone financial results for the half year and year ended March 31, 2026. The company delivered a robust financial performance for FY26, with revenue from operations and profitability both recording notable year-on-year growth. The board also took several key corporate decisions, including revisions to the remuneration of senior management personnel and the appointment of a new internal auditor.

Financial Performance: FY26 Highlights

The company's total income for the year ended March 31, 2026 rose to ₹18,315.48 lakh from ₹14,152.27 lakh in the previous year. Revenue from operations for FY26 stood at ₹18,213.96 lakh, compared to ₹14,105.27 lakh in FY25. Net profit after tax for FY26 came in at ₹1,488.28 lakh, against ₹1,025.85 lakh in FY25. The following table summarises the key income statement metrics:

Half Year Performance

For the half year ended March 31, 2026, the company reported revenue from operations of ₹9,548.00 lakh and a net profit after tax of ₹579.26 lakh. This compares to revenue from operations of ₹6,911.28 lakh and net profit after tax of ₹262.75 lakh for the half year ended March 31, 2025. The preceding half year ended September 30, 2025 had recorded revenue from operations of ₹8,665.96 lakh and net profit after tax of ₹909.02 lakh.

Balance Sheet Overview

As on March 31, 2026, the company's total assets stood at ₹13,434.56 lakh, up from ₹9,367.54 lakh as on March 31, 2025. Shareholders' funds increased to ₹4,676.63 lakh from ₹3,188.35 lakh, supported by growth in reserves and surplus to ₹3,810.63 lakh from ₹2,322.35 lakh. Trade receivables rose to ₹6,467.23 lakh from ₹4,128.44 lakh, while cash and cash equivalents stood at ₹192.96 lakh compared to ₹366.87 lakh in the prior year.

Remuneration Revisions for Key Managerial Personnel

The board, based on the recommendation of the Nomination and Remuneration Committee, approved revisions in remuneration for several key managerial personnel, effective April 1, 2026. The revisions for the Managing Director, Whole-Time Director, and Executive Director are subject to shareholder approval at the ensuing General Meeting. The details are as follows:

All revisions are in accordance with the provisions of the Companies Act, 2013, including Sections 196 and 197 read with Schedule V, and applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The remuneration of Mr. Kamlesh Sharma is subject to an overall maximum ceiling of ₹5,00,000 per month, Mr. Suresh Sharma to ₹2,00,000 per month, and Mr. Vikas Sharma to ₹1,00,000 per month.

Internal Auditor Appointment and Other Disclosures

The board appointed M/s ACA & Company, Chartered Accountants, as Internal Auditor of the company for FY 2026-27, with effect from May 7, 2026. M/s ACA & Company is a professional services firm established in 2019, offering services in audit and assurance, tax and regulatory, transaction advisory, and consulting. The statutory auditors, M/s B Shroff & Co., Chartered Accountants (Firm Reg. No. 006514W), issued an unmodified audit opinion on the financial results for the half year and year ended March 31, 2026. The company also noted that it operates as a single-segment entity engaged in waste management, and there were no investor complaints received or pending as on March 31, 2026.