Summary of Regulatory Clarification
Uravi Defence and Technology Limited provided a formal clarification to the National Stock Exchange of India Limited (NSE) and BSE Limited regarding the non-submission of consolidated financial results for the quarter and nine months ended December 31, 2025.
Date and Nature of Exchange Query
The communication was dated June 04, 2026, in response to observations raised by the exchanges regarding:
1. Non-submission of consolidated financial results
2. Financial results not signed by authorized signatory/ies
3. Financial results not submitted within 30 minutes or 3 hours from the end of board meeting
Company's Clarification on Submission Issues
Regarding Consolidated Financial Results Submission:
- The company confirmed that unaudited consolidated financial results for the quarter and nine months ended December 31, 2025 were duly submitted to the exchange on April 11, 2026.
- The results were attached with the clarification letter as evidence of submission.
Regarding Authorization and Signatures:
- The Board of Directors, via resolution dated February 14, 2026, authorized any Director of the Company to sign the financial results.
- Niraj Gada, Managing Director and CEO of the Company, signed the financial results for the quarter ended December 31, 2025 pursuant to this authorization.
Regarding Submission Timing:
- The company acknowledged a marginal delay of approximately two minutes in submitting the results to the stock exchange.
- The delay was attributed to a temporary technical issue encountered while uploading the outcome on the exchange portal.
- The company stated the delay was "inadvertent and solely on account of the said technical difficulty."
Reference to Regulatory Compliance
The company referenced compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, specifically:
- Regulation 33 regarding submission of financial results
- The results were published with a QR code and webpage details as required by Listing Regulations
- The board meeting was held on April 11, 2026, commencing at 3:50 PM and concluding at 4:20 PM
Details of Financial Results
The unaudited consolidated financial results for quarter and nine months ended December 31, 2025 showed:
Quarter Ended December 31, 2025 Performance:
- Total Income: ₹1,048.48 lakhs
- Profit/(Loss) for the period: ₹15.61 lakhs
- Earnings per share (Basic): ₹-0.05
- Earnings per share (Diluted): ₹-0.05
Nine Months Ended December 31, 2025 Performance:
- Total Income: ₹2,946.60 lakhs
- Profit/(Loss) for the period: ₹63.91 lakhs
- Earnings per share (Basic): ₹0.40
- Earnings per share (Diluted): ₹0.40
Segment-wise Performance (Automotive Segment):
- Q3 Revenue: ₹1,020.09 lakhs
- Nine-month Revenue: ₹2,876.39 lakhs
- Q3 EBITDA: ₹83.43 lakhs
- Nine-month EBITDA: ₹333.55 lakhs
Discontinued Operations (SKL India Private Limited):
- The company is disinvesting its 50.01% stake in SKL India Private Limited
- Received advance amount of ₹1,125.20 lakhs for the proposed sale
- Q3 Profit from discontinued operations (after tax): ₹16.45 lakhs
- Nine-month Profit from discontinued operations (after tax): ₹11.21 lakhs
Subsidiary Performance:
- SKL (India) Private Limited: Q3 PAT ₹42.08 lakhs, Nine-month PAT ₹36.83 lakhs
- Bharat Technology Limited: Q3 Loss ₹33.44 lakhs, Nine-month Loss ₹56.04 lakhs
Auditor Review
Viren Gandhi and Co., Chartered Accountants (ICAI Firm Registration No. 111558W) provided a limited review report on the financial results, stating nothing came to their attention suggesting material misstatement.
Additional Corporate Information
- The company changed its name from Uravi T and Wedge Lamps Limited to Uravi Defence and Technology Limited
- 11,00,000 share warrants lapsed in the current quarter amounting to ₹907.50 lakhs, credited to Retained Earnings
- No investor complaints pending as of December 31, 2025
- Labour Code Bill effective from November 2025 - initial evaluation shows no significant impact, detailed assessment underway