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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
20 announcements match the current filters (relevance ≥ 5).
Rs 1.06 Lakh Fine for Compliance Lapse; Q1 Revenue at Rs 10.33 Cr
Uravi Defence and Technology reported a standalone revenue of Rs 10.33 Cr for Q1 FY27, showing a marginal 3% sequential growth. The company was fined Rs 1,06,200 by BSE and NSE for an 18-day delay in filing its March 2026 results, a breach of SEBI Regulation 33. Notably, while standalone results were clean, the statutory auditors issued a qualified conclusion on the consolidated financial results. The board has advised strengthening internal compliance monitoring to prevent future regulatory penalties.
Confidence: HIGH
What changedThe company has been penalized for regulatory filing delays and has reported a mix of stable revenue but lower year-on-year profitability.
Why it mattersWhile the fine is financially small (0.025% of TTM revenue), the combination of a compliance lapse and an audit qualification on consolidated accounts suggests potential weaknesses in internal controls and financial reporting.
Regulatory Fine: Rs 1,06,200Q1 Standalone Revenue: Rs 10.33 CrQ1 Standalone PAT: Rs 0.29 CrDays of Non-compliance: 18 daysFine vs TTM Revenue: 0.025%
📅 Short termThe stock may face pressure due to the negative sentiment surrounding the regulatory fine and the auditor's qualified conclusion on consolidated results.
📈 Long termThe company's transition into the defense and EV sectors remains the primary long-term driver, but this is contingent on improving operating margins (currently 4.8%) and maintaining strict regulatory compliance.
⚠ Risk flags
- Regulatory non-compliance
- Audit qualification on consolidated results
- Low operating margins
- High P/E ratio of 135.6
Key Highlights
Fine of Rs 1,06,200 (including GST) imposed by exchanges for 18 days of non-compliance with Regulation 33.
Standalone Q1 FY27 revenue stood at Rs 10.33 Cr, compared to Rs 9.86 Cr in the preceding quarter.
Net profit for the quarter was Rs 0.29 Cr, a decline from Rs 0.53 Cr in the same quarter last year (Jun 2025).
Statutory auditors issued a qualified conclusion on the Unaudited Consolidated Financial Results for the quarter.
The company appointed M/s Viren Gandhi & Co as the new Statutory Auditors.
👀 What to Watch
Investors should investigate the specific nature of the 'qualified conclusion' in the consolidated audit report and monitor if the company improves its filing timelines to avoid further exchange penalties.
Uravi Defence Q1 Revenue Grows 26% YoY; Auditors Issue Qualified Opinion on Associate Profits
Uravi Defence and Technology reported a 26% YoY increase in standalone total income to ₹10.84 Cr for Q1 FY27. However, standalone net profit declined by 22.7% to ₹0.286 Cr compared to ₹0.37 Cr in the previous year's quarter. A significant concern is the qualified conclusion from auditors regarding consolidated results, as ₹85.30 lakhs in profit from associates (SPAFAX) was included without a formal limited review. The company also appointed new statutory auditors and acknowledged a ₹1.06 lakh fine from exchanges for compliance lapses.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial performance, transitioned to a new statutory auditor, and disclosed regulatory penalties for compliance delays.
Why it mattersWhile revenue growth is positive, the audit qualification on associate profits (which are significantly larger than standalone profits) creates uncertainty about the reliability of consolidated earnings. The regulatory fine also suggests a need for improved internal compliance controls.
Standalone Total Income (Q1 FY27): ₹10.84 CrStandalone Net Profit (Q1 FY27): ₹0.286 CrUnreviewed Profit from Associates: ₹85.30 lakhsRegulatory Fine: ₹1.06 lakhRevenue Growth (YoY): 26%
📅 Short termThe stock may face pressure due to the YoY decline in standalone profit and the auditor's qualified opinion on consolidated figures.
📈 Long termThe long-term outlook depends on the successful execution of the defense and EV strategy and the stabilization of financial reporting standards for its subsidiaries and associates.
⚠ Risk flags
- Audit qualification on associate financial results
- Regulatory non-compliance (exchange fines)
- Declining standalone net profit margins
- High P/E ratio of 117.3 relative to current earnings growth
Key Highlights
Standalone Total Income increased to ₹10.84 Cr from ₹8.60 Cr in Q1 FY26.
Standalone Net Profit fell to ₹0.286 Cr from ₹0.37 Cr YoY, reflecting margin pressure.
Consolidated results include ₹85.30 lakhs profit from associates that was not reviewed or audited by statutory auditors.
BSE and NSE imposed a fine of ₹1,06,200 on the company for regulatory non-compliance.
M/s Viren Gandhi & Co appointed as the new Statutory Auditors of the company.
👀 What to Watch
Investors should monitor whether the company provides audited or reviewed financials for its associates (SPAFAX) in future quarters to resolve the audit qualification. Watch for improvements in operating margins as the company transitions from automotive lamps to higher-margin defense and EV segments.
Uravi Defence Submits Impact Statement on Audit Qualification for FY26 Results
Uravi Defence and Technology Limited has submitted a statement regarding the impact of a modified audit opinion (audit qualification) on its consolidated financial results for the year ended March 31, 2026, following a query from the BSE. While the standalone financials show a growth in total equity to ₹5,109.25 lakhs from ₹4,629.28 lakhs, the consolidated results carry a modified opinion from auditors. The company clarified that there are no changes or revisions to the financial results originally reported on May 28, 2026.
Key Highlights
Total equity increased to ₹5,109.25 lakhs in FY26 compared to ₹4,629.28 lakhs in FY25.
Total assets grew to ₹7,856.35 lakhs as of March 31, 2026, up from ₹7,653.27 lakhs in the previous year.
The statutory auditors issued a 'Modified Opinion' on the consolidated financial results, necessitating this regulatory clarification.
Inventories and trade receivables remain significant at ₹2,247.41 lakhs and ₹1,301.31 lakhs respectively.
Current liabilities decreased to ₹2,517.06 lakhs from ₹2,801.35 lakhs, improving the short-term debt profile.
👀 What to Watch
Investors should carefully review the specific details of the 'Modified Opinion' in the consolidated report to assess if the audit qualification relates to material financial discrepancies or procedural issues.
Uravi Defence Clarifies Q3 FY26 Reporting Delays; Consolidated Revenue at ₹1,020 Lakhs
Uravi Defence and Technology Limited has responded to SEBI/Exchange clarifications regarding the delayed submission and missing signatures for its Q3 FY26 results. The company reported a consolidated revenue of ₹1,020 Lakhs for the quarter ended December 31, 2025, which is nearly flat compared to the previous quarter. While the total comprehensive income stood at ₹17.44 Lakhs, the profit attributable to the owners of the company resulted in a loss of ₹5.43 Lakhs. The company attributed the filing delay to a minor 2-minute technical glitch on the exchange portal.
Key Highlights
Consolidated revenue for Q3 FY26 was ₹1,020 Lakhs, compared to ₹1,002.06 Lakhs in Q3 FY25.
Profit attributable to owners of the company reported a loss of ₹5.43 Lakhs for the quarter.
The company clarified that the 2-minute submission delay was due to technical issues on the exchange portal.
Total Comprehensive Income for the quarter was ₹17.44 Lakhs, aided by performance in discontinued operations.
The Board confirmed that MD Niraj Gada was duly authorized to sign the financial results, addressing the exchange's query.
👀 What to Watch
Investors should note that while regulatory queries have been addressed, the company's bottom-line performance for shareholders has turned negative this quarter. Monitor the execution of the company's transition into the defence sector as profitability remains volatile.
Uravi Defence FY26 Standalone Profit Falls 26% to ₹1.32 Cr; Consolidated Audit Opinion Modified
Uravi Defence and Technology reported a decline in standalone annual performance for FY26, with revenue falling 6.6% to ₹38.62 crore and net profit decreasing by 26% to ₹1.32 crore. While Q4 revenue showed a slight year-on-year growth of 8.2% to ₹9.86 crore, quarterly profitability remained under pressure with net profit dropping to ₹21.72 lakhs from ₹64.21 lakhs. A significant corporate development was the completion of the sale of its 50.01% stake in subsidiary SKL India on March 18, 2026. Crucially, the statutory auditors have issued a modified opinion on the consolidated financial results, which requires close scrutiny.
Key Highlights
Standalone FY26 revenue decreased to ₹3,862.05 lakhs from ₹4,134.54 lakhs in the previous year.
Standalone annual net profit fell 26.2% YoY to ₹131.70 lakhs compared to ₹178.58 lakhs in FY25.
Completed the disinvestment of 50.01% stake in SKL India (Private) Limited for a total consideration involving ₹1,125.20 lakhs.
Statutory auditors issued a modified opinion on the consolidated financial results for the year ended March 31, 2026.
Lapse of 11,00,000 share warrants led to ₹907.50 lakhs being credited directly to Retained Earnings.
👀 What to Watch
Investors should exercise caution given the declining profitability and the modified audit opinion on consolidated financials. It is essential to review the specific 'Statement on Impact of Audit Qualifications' to understand the risks identified by auditors.
Uravi Defence Q3 Results: Revenue Flat at ₹10.2 Cr, Reports Net Loss for Owners
Uravi Defence and Technology Limited reported a stagnant performance for Q3 FY26, with revenue from operations remaining flat at ₹1,020 Lakhs compared to ₹1,002 Lakhs in the same quarter last year. The company recorded a net loss of ₹5.12 Lakhs attributable to owners, a sharp decline from the ₹71.13 Lakhs profit reported in Q3 FY25. A notable balance sheet event occurred as 11 lakh share warrants lapsed, resulting in ₹907.50 Lakhs being transferred to retained earnings. The company is also undergoing restructuring, with its subsidiary SKL (India) Private Limited currently classified as held for sale.
Key Highlights
Revenue from operations stood at ₹1,020 Lakhs, showing almost zero growth compared to ₹1,020.31 Lakhs in the previous quarter.
Net profit attributable to owners turned into a loss of ₹5.12 Lakhs, resulting in a negative EPS of ₹0.05 for the quarter.
11,00,000 share warrants lapsed during the quarter, leading to a direct credit of ₹907.50 Lakhs to Retained Earnings.
Total expenses rose to ₹1,039.11 Lakhs from ₹1,006.44 Lakhs in the preceding quarter, squeezing margins.
Subsidiary SKL (India) Private Limited is classified as 'Held for Sale' with a profit contribution of ₹42.08 Lakhs for the quarter.
👀 What to Watch
Investors should exercise caution as the company's core profitability has weakened despite the name change and pivot towards defence. Monitor the completion of the subsidiary sale and any new order wins in the defence segment to justify the current valuation.
Uravi Defence Subsidiary Acquires 10% Stake in Spafax International Holdings
Uravi Defence and Technology Limited has announced that its wholly-owned subsidiary, Bharat Technology Limited, has successfully acquired a 10% stake in Spafax International Holdings Limited. The acquisition involved the purchase of 10,100 equity shares, following up on a prior intimation made in February 2026. This strategic investment indicates the company's intent to expand its footprint or collaborate within its target sectors. Investors should note this as a step toward inorganic growth through its subsidiary.
Key Highlights
Acquisition of 10,100 equity shares of Spafax International Holdings Limited
Represents a 10% ownership stake in the target entity's share capital
Executed through Bharat Technology Limited, a 100% subsidiary of URAVIDEF
Follow-up to the initial strategic disclosure made on February 20, 2026
👀 What to Watch
Investors should monitor for further disclosures regarding the business nature of Spafax and how this 10% stake integrates with Uravi's long-term growth strategy. The stock remains a watch for further consolidation in the defense and tech space.
Uravi Defence Disinvests 50.01% Stake in SKL India; Subsidiary Status Ceases
Uravi Defence and Technology Limited has completed the transfer of its 50.01% shareholding in SKL India (Private) Limited to Mr. Krishnakumar Bhatia and Mrs. Bhavna Bhatia. This disinvestment follows shareholder approval at the Extra-Ordinary General Meeting held on March 02, 2026. As a result, SKL India has ceased to be a subsidiary of the company. Additionally, directors Niraj Gada and Niken Shah have resigned from the board of SKL effective March 02, 2026.
Key Highlights
Transferred 50.01% equity stake in SKL India (Private) Limited to the Bhatia family.
SKL India (Private) Limited has officially ceased to be a subsidiary of Uravi Defence.
Disinvestment was approved by shareholders in the EGM held on March 02, 2026.
Resignation of Niraj Gada (Promoter/Director) and Niken Shah (Independent Director) from SKL board.
👀 What to Watch
Investors should monitor the company's upcoming financial statements to assess the impact of this divestment on consolidated revenue and the utilization of sale proceeds.
Uravi Defence Approves 50.01% Stake Sale in Subsidiary SKL India at EGM
Uravi Defence and Technology Limited held an Extraordinary General Meeting on March 02, 2026, to approve the divestment of its material subsidiary. The company received shareholder approval to sell its 50.01% stake in SKL India Private Limited to the subsidiary's promoters, Krishna Kumar Bhatia and Bhavna Bhatia. This transaction is a material related party transaction and marks a significant change in the company's asset structure. Additionally, the company appointed M/S Viren Gandhi & Co as the new Statutory Auditors to fill a casual vacancy.
Key Highlights
Approved the disinvestment of a 50.01% controlling stake in material subsidiary SKL India Private Limited.
The stake is being transferred to SKL promoters Mr. Krishna Kumar Bhatia and Mrs. Bhavna Bhatia as a related party transaction.
Appointed M/S Viren Gandhi & Co as Statutory Auditors following the resignation of M/s GBCA & Associates LLP.
The EGM was conducted via Video Conferencing and concluded with three major resolutions including one special resolution.
👀 What to Watch
Investors should closely monitor the valuation at which the 50.01% stake in SKL India is being sold to ensure it is at arm's length. Assess the impact of this divestment on the company's consolidated revenue and future growth strategy in the defence sector.
Uravi Defence to Disinvest 50.01% Stake in Material Subsidiary SKL India
Uravi Defence and Technology Limited held an EGM on March 02, 2026, to approve the disinvestment of its 50.01% stake in SKL India Private Limited. This material subsidiary stake will be sold to the promoters of SKL, Krishna Kumar Bhatia and Bhavna Bhatia, making it a related party transaction. The company also confirmed the appointment of M/S Viren Gandhi & Co as Statutory Auditors to fill a casual vacancy. These moves indicate a significant restructuring of the company's portfolio and oversight.
Key Highlights
Proposed disinvestment of 50.01% shareholding in material subsidiary SKL India Private Limited
Transaction involves transferring shares to SKL's promoters, classified as a material related party transaction
Appointment of M/S Viren Gandhi & Co as Statutory Auditors to fill the vacancy left by GBCA & Associates LLP
The EGM was held on March 02, 2026, concluding at 4:55 P.M. IST
👀 What to Watch
Closely evaluate the financial impact of losing SKL India's revenue and the fairness of the sale price to the promoters. Watch for official voting results and further disclosures regarding the use of disinvestment proceeds.
Uravi Defence Subsidiary Acquires 10% Stake in Spafax International for 340,000 GBP
Uravi Defence and Technology Limited's wholly-owned subsidiary, Bharat Technology Limited, has acquired a 10% stake in Spafax International Holdings Limited. The transaction involved the acquisition of 1,010 shares for a total consideration of 340,000 GBP. This acquisition follows an initial intimation made in June 2025, marking a strategic international investment for the group. The move signifies the company's intent to expand its global footprint through its subsidiary.
Key Highlights
Subsidiary Bharat Technology Limited acquired 1,010 shares of Spafax International Holdings.
The acquisition represents a 10% equity stake in the target company.
Total investment consideration for the stake is 340,000 GBP.
The transaction is a follow-through on a strategic plan first intimated on June 25, 2025.
👀 What to Watch
Investors should monitor how this strategic 10% stake in Spafax contributes to Uravi's consolidated performance and look for further updates on international synergies. The stock remains a watch for those interested in the defence and technology sector's global expansion plays.
Uravi Defence Q3 Standalone Profit Up 21% YoY to ₹33.32 Lakhs; Internal Auditors Re-appointed
Uravi Defence and Technology reported a standalone net profit of ₹33.32 Lakhs for the quarter ended December 31, 2025, marking a 21.1% increase year-on-year. Total income for the quarter stood at ₹1,067.84 Lakhs, showing marginal growth compared to ₹1,038.74 Lakhs in the same period last year. Notably, the company failed to provide consolidated results as financial data from its subsidiary, SKL (India) Private Limited, was not received. The board also approved the re-appointment of M/s V. J. Shah & Co. as Internal Auditors for FY 2026-27.
Key Highlights
Standalone Net Profit increased 21.1% YoY to ₹33.32 Lakhs in Q3 FY26.
Total Income for the quarter rose slightly to ₹1,067.84 Lakhs from ₹1,038.74 Lakhs YoY.
Consolidated financial results were not prepared due to missing data from subsidiary SKL (India) Private Limited.
Subsidiary SKL (India) is classified as 'held for sale' with ₹1,125.20 Lakhs received as an advance for the disposal.
M/s V. J. Shah & Co. re-appointed as Internal Auditors for the 2026-27 financial year.
👀 What to Watch
Investors should exercise caution regarding the lack of consolidated financial data and monitor the successful completion of the SKL (India) subsidiary sale. The standalone performance remains stable but shows limited sequential growth.
Uravi Defence Q3 Net Profit Rises 21% YoY to ₹33.32 Lakhs; Standalone Revenue Flat
Uravi Defence and Technology reported a standalone net profit of ₹33.32 Lakhs for Q3 FY26, marking a 21.1% increase from ₹27.50 Lakhs in the previous year's corresponding quarter. Revenue from operations remained stagnant at ₹1,020.09 Lakhs compared to ₹1,002.06 Lakhs YoY. The company failed to provide consolidated results as data from its subsidiary, SKL (India) Private Limited, was unavailable. Notably, the company is in the process of selling this subsidiary and has already received an advance of ₹1,125.20 Lakhs.
Key Highlights
Standalone Net Profit for Q3 FY26 rose 21.1% YoY to ₹33.32 Lakhs.
Revenue from operations remained nearly flat at ₹1,020.09 Lakhs vs ₹1,002.06 Lakhs YoY.
Received ₹1,125.20 Lakhs advance for the proposed sale of subsidiary SKL (India) Private Limited.
Wrote off unexercised share warrants amounting to ₹907.50 Lakhs during the current financial year.
9-month standalone net profit stood at ₹109.98 Lakhs compared to ₹102.61 Lakhs in the prior year period.
👀 What to Watch
Investors should exercise caution due to stagnant revenue growth and the lack of consolidated financial transparency. Monitor the finalization of the subsidiary sale and how the company utilizes the resulting cash inflow for future growth.
Uravi Defence Q3 FY26 Standalone Net Profit Rises 21% YoY to ₹33.32 Lakhs
Uravi Defence and Technology reported a standalone total income of ₹1,067.84 Lakhs for Q3 FY26, a slight increase from ₹1,038.74 Lakhs in the same quarter last year. Standalone net profit grew 21% year-on-year to ₹33.32 Lakhs, although it declined sequentially from ₹39.61 Lakhs in Q2 FY26. The company was unable to present consolidated results due to missing financial data from its subsidiary, SKL (India) Private Limited, which is currently classified as held for sale. An advance of ₹1,125.20 Lakhs has already been received for the proposed disposal of this subsidiary.
Key Highlights
Standalone Total Income for Q3 FY26 stood at ₹1,067.84 Lakhs compared to ₹1,038.74 Lakhs in Q3 FY25.
Net Profit increased to ₹33.32 Lakhs from ₹27.50 Lakhs in the previous year's corresponding quarter.
Investment in subsidiary SKL (India) Private Limited is held for sale with ₹1,125.20 Lakhs received as advance.
Company wrote off ₹907.50 Lakhs in balance share warrants during FY 2025-26 after partial conversion.
M/s V J Shah & Co. re-appointed as Internal Auditors for the 2026-27 financial year.
👀 What to Watch
Investors should monitor the finalization of the subsidiary sale and the subsequent impact on the balance sheet. The lack of consolidated reporting this quarter suggests a need for closer scrutiny of the company's oversight of its subsidiaries.
Uravi Defence Delays Q3 FY26 Results Due to Non-Cooperation from Subsidiary SKL (India)
Uravi Defence and Technology Limited has informed the exchanges that it is unable to finalize its consolidated financial results for the quarter ended December 31, 2025. The delay is caused by its subsidiary, SKL (India) Private Limited, which has failed to provide necessary financial records and supporting documents despite repeated follow-ups. This lack of data prevents the company from complying with SEBI reporting requirements and applicable accounting standards. Such internal friction between a parent and its subsidiary is a significant governance concern for shareholders.
Key Highlights
Consolidated financial results for the quarter ended December 31, 2025, are currently on hold.
Subsidiary SKL (India) Private Limited has not provided required financial information despite multiple follow-ups.
The company cited SEBI Circular CIR/CFD/CMD-1/142/2018 regarding the disclosure of reasons for delayed results.
Management is currently unable to prepare accounts in accordance with regulatory requirements due to missing data.
👀 What to Watch
Investors should remain cautious as the inability to obtain data from a subsidiary suggests potential internal governance or management control issues. Monitor for updates on when the results will be declared and any potential regulatory penalties for the delay.
Uravi Defence to Disinvest 50.01% Stake in SKL India for ₹11.25 Cr; EGM on March 02
Uravi Defence and Technology Limited has called for an Extraordinary General Meeting (EGM) on March 02, 2026, to approve the disinvestment of its 50.01% stake in its material subsidiary, SKL India Private Limited. The stake is proposed to be sold to the promoters of SKL India for a minimum consideration of ₹11.25 crore. Additionally, the company seeks to appoint M/s Viren Gandhi & Co as the new Statutory Auditors following the resignation of M/s GBCA & Associates LLP. This disinvestment is classified as a material related party transaction requiring shareholder approval.
Key Highlights
Proposed disinvestment of 50.01% shareholding in material subsidiary SKL India Private Limited.
Minimum sale consideration fixed at ₹11,25,19,540 to be paid by the acquirers (promoters of SKL).
Appointment of M/s Viren Gandhi & Co as Statutory Auditors to fill the casual vacancy until the 2026 AGM.
EGM scheduled for March 02, 2026, with remote e-voting available from February 27 to March 01, 2026.
👀 What to Watch
Investors should monitor the rationale behind the auditor's resignation and the intended use of the ₹11.25 crore proceeds from the subsidiary sale. It is important to assess whether the sale price represents a fair valuation for a 'material' subsidiary.
Uravi Defence to Divest 50.01% Stake in SKL India for Rs 11.25 Crore
Uravi Defence and Technology Limited has approved the sale of its 50.01% stake in its material subsidiary, SKL India (Private) Limited. The transaction is valued at approximately Rs 11.25 crore, which aligns with the original investment amount. SKL India contributed 5.24% to Uravi's total turnover and a minimal 0.15% to its net worth in FY25. The sale is a related party transaction to the promoters of SKL and is expected to be completed by April 30, 2026, subject to shareholder approval.
Key Highlights
Divesting 50.01% shareholding in material subsidiary SKL India (Private) Limited
Expected consideration of at least Rs 11.25 crore, matching the original investment cost
SKL India contributed Rs 228.71 lakhs (5.24%) to total revenue in FY 2024-25
Transaction involves related parties and is expected to close by April 30, 2026
SKL India's contribution to Uravi's net worth was minimal at 0.15% (Rs 7.18 lakhs)
👀 What to Watch
Investors should monitor how the company redeploys the Rs 11.25 crore cash inflow into its core defence and technology operations. The exit from a unit with negligible net worth contribution suggests a move toward streamlining the balance sheet.
Uravi Defence Converts 4 Lakh Warrants to Equity; 11 Lakh Warrants Expire
Uravi Defence and Technology Limited has concluded its warrant exercise period which ended on December 12, 2025. Out of the 15,00,000 warrants originally approved in June 2025, only 4,00,000 warrants were converted into equity shares. The remaining 11,00,000 warrants have lapsed, meaning the company will not receive the additional capital associated with those units. This represents a significant portion of the planned fundraise that did not materialize.
Key Highlights
Allotment of 4,00,000 equity shares following successful warrant conversion.
11,00,000 warrants lapsed due to the expiry of the 18-month exercise period.
The original issuance of 15,00,000 warrants was approved via circular resolution on June 13, 2025.
Only 26.6% of the total warrants issued were eventually converted into equity.
👀 What to Watch
Investors should evaluate the company's liquidity position as the lapse of 11 lakh warrants indicates a shortfall in expected capital. The low conversion rate might suggest that the market price remained below the warrant exercise price during the window.
URAVIDEF appoints Viren Gandhi & Co. as Statutory Auditors w.e.f. Dec 10, 2025
Uravi Defence and Technology Limited has appointed M/s Viren Gandhi & Co. as their new Statutory Auditors, effective December 10, 2025. This appointment fills the casual vacancy created by the resignation of M/s GBCA & Associates LLP on November 11, 2025. Viren Gandhi & Co.'s term will last until the conclusion of the 22nd Annual General Meeting, pending member approval. The appointment is made as per Section 139(8) of the Companies Act, 2013.
Key Highlights
Viren Gandhi & Co. appointed as Statutory Auditors w.e.f. December 10, 2025
GBCA & Associates LLP resigned on November 11, 2025, creating the vacancy
Viren Gandhi & Co.'s appointment is subject to member approval at the 22nd AGM
Firm's Registration No. of Viren Gandhi & Co. is 111558W
ICAI Registration No. of GBCA & Associates LLP is 103142W
👀 What to Watch
Investors should note the change in auditors and monitor the company's performance under the new auditor's oversight. Review the auditor's report in the upcoming annual report for any key observations.
Uravi Defence Appoints M/s Viren Gandhi & Co as Statutory Auditor to Fill Casual Vacancy
Uravi Defence and Technology Limited has appointed M/s Viren Gandhi & Co as its new Statutory Auditor effective December 10, 2025. This appointment is intended to fill the casual vacancy created by the resignation of the previous auditor, M/s GBCA & Associates LLP, on November 11, 2025. The new auditor will serve until the conclusion of the 22nd Annual General Meeting, subject to shareholder approval within three months. M/s Viren Gandhi & Co is a peer-reviewed firm with expertise in IND AS, statutory audits, and taxation.
Key Highlights
Appointment of M/s Viren Gandhi & Co (FRN: 111558W) effective from December 10, 2025.
Fills casual vacancy following the resignation of M/s GBCA & Associates LLP on November 11, 2025.
Appointment requires shareholder approval at a general meeting within three months.
The new auditor will hold office until the conclusion of the company's 22nd Annual General Meeting.
👀 What to Watch
Investors should note the change in auditors and monitor for any disclosures regarding the reasons for the previous auditor's resignation. The prompt appointment of a peer-reviewed firm is a standard governance procedure.
