Urja Global Limited, a company listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), has announced its unaudited financial results for the first quarter of the fiscal year 2026, ending June 30, 2025.

Board Approval and Publication

The company's board of directors approved the quarterly results on August 2, 2025. Following the approval, Urja Global Limited adhered to regulatory requirements by publishing the financial statements in two newspapers on August 3, 2025:

1. Financial Express (English - All Editions)
2. Jansatta (Hindi Edition)

Stock Exchange Information

Investors and stakeholders can find Urja Global Limited listed on the following exchanges:

Compliance with SEBI Regulations

The publication of these results is in accordance with Regulation 47 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. This regulation mandates the disclosure of financial results in newspapers, ensuring transparency and timely information dissemination to the public.

Accessibility of Financial Information

For those seeking more detailed information about the company's financial performance, Urja Global Limited has made the results available on multiple platforms:

1. Company Website: www.urjaglobal.in
2. BSE Website: www.bseindia.com
3. NSE Website: www.nseindia.com

These platforms offer stakeholders easy access to the company's financial data, allowing for thorough analysis and informed decision-making.

Conclusion

While specific financial figures were not disclosed in the announcement, investors and analysts may be interested in examining the detailed results to assess the company's performance in the first quarter of FY2026. As the renewable energy sector continues to evolve, Urja Global Limited's financial results could provide insights into the company's position in this dynamic market.

Stakeholders are encouraged to review the full financial statements and accompanying notes for a comprehensive understanding of Urja Global Limited's financial position and performance for the quarter ended June 30, 2025.

Urja Global Limited, a player in the electric vehicle and renewable energy sector, has announced its unaudited financial results for the first quarter of fiscal year 2026, along with significant corporate developments and ongoing regulatory challenges.

Financial Performance

For the quarter ended June 30, 2025, Urja Global reported:

• Standalone revenue of ₹1,129.08 lakh
• Net profit of ₹60.51 lakh

On a consolidated basis, the company's performance showed:

• Revenue from operations of ₹1,901.15 lakh
• Net profit of ₹96.86 lakh

The company's segment-wise revenue breakdown reveals:

Corporate Developments

The Board of Directors has made several key decisions and appointments:

1. New Leadership: Mrs. Saumya Srivastava has been appointed as an Additional Non-Executive Independent Director for a term of five years, subject to shareholder approval. Mr. Manish Kumar joins as the new Company Secretary, Compliance Officer, and Key Managerial Personnel.

2. Fundraising Plans: The board granted in-principle approval to raise up to $500 million through various securities, including convertible instruments, warrants, and debt instruments. This move aims to propel growth, finance business opportunities, and augment long-term resources.

3. Annual General Meeting: The 33rd Annual General Meeting is scheduled for September 24, 2025, to be held virtually through video conferencing or other audio-visual means.

Regulatory Challenges and Auditor Concerns

The company faces several regulatory issues and auditor concerns:

1. SEBI Penalties: Urja Global has been imposed with penalties totaling ₹90 lakh by SEBI for non-compliance with disclosure norms under the LODR Regulations. The company has filed an appeal against this order.

2. GST Demands: Multiple GST-related demands and notices have been received, including:

   • A demand of ₹44.17 lakh for ITC mismatch
   • A penalty of ₹17.21 crore under Section 122(1)(ii) and ₹17.02 crore under Section 122(1)(vii) of the CGST Act
   • Various other GST demands totaling several crores

3. Auditor Concerns: The limited review report highlighted several issues:

   • Lack of documentary evidence for mine project investments worth ₹46.35 crore
   • Outstanding receivables of ₹73.18 crore, with ₹65.62 crore aged over 180 days
   • Pending liabilities of ₹36.04 crore outstanding for more than two years
   • Non-reversal of GST input tax credits amounting to ₹36.04 crore

4. Income Tax Matters: The company has outstanding tax liabilities of ₹6.71 crore for various years, as per the Income Tax Portal.

Management Response

The company management has stated that they have responded to all notices within the provided time limits and are actively pursuing appeals and resolutions for the various regulatory challenges.

Urja Global's ability to navigate these regulatory hurdles while executing its ambitious growth plans will be crucial for its future performance and investor confidence.