Uravi Defence And Technology Limited has announced an Extra Ordinary General Meeting (EGM) scheduled for March 02, 2026, to address critical corporate governance matters including auditor appointment and a significant disinvestment decision. The meeting will be conducted through video conferencing at 4:00 P.M., with the registered office serving as the deemed venue.

Key Agenda Items for Shareholder Approval

The EGM will focus on three major resolutions that require shareholder consent:

Statutory Auditor Transition

The company's current statutory auditors, M/s GBCA & Associates LLP, submitted their resignation on November 11, 2025, citing inability to reach mutual agreement on audit remuneration. The Board has recommended M/s Viren Gandhi & Co, Chartered Accountants (Firm Registration No. 111558W), to fill the casual vacancy with effect from December 10, 2025 until the conclusion of the 22nd Annual General Meeting in 2026.

Material Subsidiary Disinvestment Details

The most significant agenda item involves the proposed disinvestment of the company's entire 50.01% shareholding in SKL India Private Limited, a material subsidiary engaged in designing and manufacturing power systems and defense equipment.

The Board cited several reasons for the disinvestment decision:

• Anticipated business synergies and operational integration benefits have not materialized
• SKL has not undertaken meaningful business activity for approximately 18 months
• The investment is no longer strategically aligned with the company's long-term objectives
• Need to redeploy capital toward core business areas and growth initiatives

SKL Financial Performance Overview

SKL India Private Limited's financial track record over the past three years demonstrates consistent performance:

E-Voting and Meeting Participation

Shareholders can participate in the decision-making process through multiple channels:

Remote E-Voting Schedule:

• Commencement: February 27, 2026 at 9:00 A.M.
• Conclusion: March 01, 2026 at 5:00 P.M.
• Cut-off date: February 20, 2026
• Service provider: National Securities Depository Services Limited

Meeting Access:

• Video conferencing facility through NSDL e-Voting system
• Speaker registration available on February 27, 2026
• Questions can be submitted in advance to info@uravilamps.com

Expected Impact on Company Operations

Upon completion of the disinvestment, the company expects:

The transaction represents a strategic realignment decision aimed at optimizing capital allocation and focusing on core business areas with stronger growth prospects. The disinvestment will enable the company to streamline its investment portfolio and enhance overall capital efficiency while maintaining its primary business operations without interruption.

Uravi Defence and Technology Limited has announced the completion of its warrant conversion process, providing shareholders with an update on the exercise and lapse of warrants issued earlier. The company communicated the development to both NSE and BSE.

Warrant Conversion Details

Uravi Defence and Technology Limited reported the conversion of 4 lakh warrants into equity shares. However, 11 lakh warrants lapsed upon the expiry of the exercise period on December 12, 2025.

Warrant Allotment Details

The Board of Directors had approved the allotment of warrants through a circular resolution dated June 13, 2025. The warrant issuance was structured with specific terms and regulatory compliance measures.

Conversion and Lapse Summary

The warrant exercise period concluded on December 12, 2025, resulting in a mixed outcome for warrant holders. The company reported that a portion of the warrants were successfully converted while a significant number lapsed due to non-exercise.

Regulatory Compliance

The warrant conversion process was conducted in compliance with SEBI regulations governing capital issuance and disclosure requirements. The company maintained transparency throughout the process by providing timely updates to stock exchanges and stakeholders.

The communication was signed by Kaushik Damji Gada, Whole-time Director and CFO (DIN: 00515876), and submitted to both the National Stock Exchange of India Limited and BSE Limited through their respective electronic platforms.

Corporate Information

Uravi Defence and Technology Limited operates multiple manufacturing facilities across India, including plants in Maharashtra and Jammu & Kashmir.