Independent Director Saumya Srivastava resigned from urja global effective June 9, 2026, citing personal reasons. Consequently, she ceased to be a member of the Audit Committee. The company confirmed there were no other material reasons for her resignation beyond those stated in her email.

The resignation was intimated to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Mohan Jagdish Agarwal signed the regulatory filing submitted on June 9, 2026.

Srivastava held directorships in other listed entities, including Mirza International Limited. At Mirza International Limited, she served as a member of the Audit Committee and the Nomination and Remuneration Committee.

The details of the resignation were disclosed in Annexure-1 attached to the regulatory filing. The resignation email confirmed that the decision was entirely due to personal reasons and requested the company to submit necessary forms with the Stock Exchanges and the Registrar of Companies.

Urja Global Limited has reported a sharp decline in its financial performance for the quarter and financial year ended March 31, 2026, with auditors flagging significant compliance issues. On a standalone basis, the company posted a net loss of ₹17.73 lakh for Q4 FY26, a reversal from the net profit of ₹138.21 lakh recorded in the corresponding quarter of the previous year. Revenue from operations for the quarter increased to ₹1,731.80 lakh from ₹1,115.06 lakh in the same period last year. For the full financial year, standalone net profit fell to ₹61.11 lakh, a significant drop from ₹5,339.01 lakh in the previous year, while total revenue stood at ₹6,610.01 lakh, down from ₹6,759.07 lakh.

On a consolidated basis, the company reported a net profit of ₹35.64 lakh for Q4 FY26, compared to ₹198.68 lakh in the same quarter of the previous year. Consolidated revenue for the quarter rose to ₹1,757.76 lakh from ₹1,461.41 lakh year-on-year. The auditors, M/s Uttam Abuwala Ghosh & Associates, issued a report with a qualified opinion, highlighting that the company has not reversed GST Input Tax Credit of approximately ₹34.25 lakhs due to non-payment to sundry creditors within the stipulated time. Furthermore, the auditors noted a lack of documentary evidence for investments in mines projects amounting to ₹46,35,28,484 and for loans and advances granted by the company, making the recoverability and impact on profit indeterminable.

Key Financial Metrics

The following table outlines the standalone financial performance for the quarter and year ended March 31, 2026:

The consolidated performance for Q4 is summarised below:

Management Changes

The Board of Directors approved several key managerial appointments and noted resignations. Mr. Amitav Roy has been appointed as the Chief Executive Officer and Key Managerial Person of the company effective from June 02, 2026. He brings 16 years of expertise in sales and business development, including over five years in the Electric Vehicle industry.

The Board noted the resignation of Ms. Sakshi Arora as Company Secretary and Compliance Officer effective from the close of business hours on May 21, 2026. Ms. Mikita Gupta has been appointed as the new Company Secretary, Compliance Officer, and Key Managerial Personnel effective June 02, 2026. Mr. Sachin Kumar Agrahari has also resigned from the post of Chief Financial Officer and Key Managerial Personnel effective May 21, 2026. Additionally, the Board approved the appointment of M/s AVPA & Co., Chartered Accountants as Internal Auditor for FY 2026-27.

Auditor's Report

The Independent Auditor's Report from M/s Uttam Abuwala Ghosh & Associates carries a qualified opinion. The auditors highlighted that the company has not reversed GST Input Tax Credit of approximately ₹34.25 lakhs due to non-payment to sundry creditors within the stipulated time as prescribed in the CGST Act, 2017. Furthermore, there is a lack of documentary evidence for investments in mines projects amounting to ₹46,35,28,484 and for loans and advances granted by the company, making the recoverability and impact on profit indeterminable. The auditors also noted that the GST department had raided the company's premises in July 2021 and taken records, which has contributed to the absence of necessary documentation.