Uravi Defence and Technology Limited has successfully completed the divestment of its 50.01% shareholding in SKL India Private Limited, following shareholder approval at the Extra Ordinary General Meeting held on March 02, 2026. The company disclosed the completion of this strategic transaction through regulatory filings submitted to NSE and BSE on March 05, 2026.

EGM Voting Results Overview

The EGM addressed three significant resolutions, all of which received strong shareholder support. The company's total shareholding of 11400000 shares was distributed between promoter and promoter group holdings of 6178160 shares and public non-institutional holdings of 5221840 shares.

Divestment Transaction Completion

Following the EGM approval, the company has transferred its 50.01% shareholding in SKL India Private Limited to Mr. Krishna Kumar Bhatia, Managing Director of SKL, and Mrs. Bhavna Bhatia, Director of SKL. This transaction represents a significant strategic move in the company's portfolio optimization efforts.

Board Changes at SKL India

Consequent to the divestment transaction, significant changes have occurred in SKL India's board composition. Mr. Niraj Gada, Promoter and Director of SKL, and Mr. Niken Shah, Independent Director of SKL, have resigned from the Board of SKL with effect from March 02, 2026. These resignations align with the change in ownership structure following the divestment.

Statutory Auditor Appointment

Shareholders unanimously approved the appointment of M/S Viren Gandhi & Co, Chartered Accountants as statutory auditors to fill the casual vacancy caused by the resignation of M/s GBCA & Associates LLP. The appointment will remain effective until the ensuing Annual General Meeting.

Regulatory Compliance and Disclosure

The company has maintained full compliance with regulatory requirements under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure regarding the completion of divestment has been filed with both NSE and BSE, with detailed information available on the company's website at www.uravilamps.com . CS Dharendra Maurya of D Maurya and Associates served as the scrutinizer for the electronic voting process, confirming that all resolutions were passed with requisite majority.

Uravi Defence and Technology Limited announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved the results at their meeting held on February 14, 2026, which commenced at 11:00 A.M. and concluded at 12:30 P.M.

Financial Results Approval

The Board of Directors considered and approved the unaudited standalone financial results for the quarter and nine months period ended December 31, 2025. The results were accompanied by a Limited Review Report issued by the company's statutory auditors.

However, the company was unable to prepare consolidated financial results due to pending information from its subsidiary. The financial information and supporting documents required from SKL (India) Private Limited were not received up to the date of the meeting and remain awaited, preventing the company from preparing consolidated financial results in compliance with applicable accounting and regulatory requirements.

Share Warrant Developments

During FY 2024-25, the company issued 15,00,000 partly paid share warrants on a preferential basis, each convertible into one equity share of face value ₹10, aggregating to ₹4,950.00 lakhs. Out of these, 2,60,000 share warrants were converted into equity shares at an average conversion price of ₹330 per share during the year.

During FY 2025-26, the company received full payment for 1,40,000 share warrants, which were subsequently converted into equity shares. The balance share warrants were written off, amounting to ₹907.50 lakhs.

Subsidiary Disposal Plan

The investment in SKL has been classified as held for sale in accordance with Ind AS 105, as the management has approved a plan to dispose of the subsidiary. The sale is expected to be completed within twelve months, and the company has received an advance amount of ₹1125.20 lakhs in respect of the proposed sale.

Internal Auditor Reappointment

The Board considered and approved the re-appointment of M/s V J Shah & Co., Chartered Accountants as Internal Auditors of the company for Financial Year 2026-27. V J Shah & Co is described as a multidisciplinary professional services organization rendering a range of value-added services to businesses of all sizes and sectors since 1982.

Regulatory Compliance

The financial results were prepared in accordance with the Companies (Ind AS) Rules, 2015 prescribed under section 133 of the Companies Act, 2013 and other recognised accounting practices. The statutory auditors carried out a limited review of the results for the quarter and nine months ended December 31, 2025.

The company reported no investor complaints pending as on December 31, 2025, and operates primarily in manufacturing and supply of automotive components, which it considers as a single reportable business segment.