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.

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.