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.

Uravi Defence and Technology Limited has notified stock exchanges about delays in considering its financial results due to incomplete data from its subsidiary company. The IATF 16949:2016 certified organization communicated this development to both National Stock Exchange and BSE Limited on February 12, 2026.

Subsidiary Data Pending

The company disclosed that financial information, records and other necessary details required from its subsidiary SKL (India) Private Limited remain outstanding. Despite continued follow-ups by the management, SKL has not provided the necessary data and supporting documents required for consolidated financial results preparation.

Regulatory Compliance Impact

The absence of complete and adequate financial information from SKL has rendered the company unable to prepare consolidated financial results in accordance with applicable accounting standards and regulatory requirements. This situation has necessitated the delay in consideration of financial results that were initially scheduled for review.

Corporate Communication

The disclosure was made in reference to SEBI Circular No. CIR/CFD/CMD-1/142/2018 dated November 19, 2018, which governs such intimations to stock exchanges. The communication was signed by Kaushik Damji Gada, Whole-time Director and CFO, emphasizing the company's commitment to regulatory transparency despite operational challenges.

Company Background

Uravi Defence and Technology Limited, formerly known as Uravi T and Wedge Lamps Limited, operates as a certified defense technology organization. The company maintains its corporate identification number L-84220 MH 2004 PLC 145760 and continues to engage with regulatory authorities regarding timeline adjustments for financial reporting obligations.