Uravi Defence and Technology Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 02, 2026. Further, the company has informed the Exchange regarding voting results.
URAVIDEF · price
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Uravi Defence and Technology held an EGM on March 02, 2026 via video conferencing where all three resolutions were passed with overwhelming majority. Resolution 1 (Ordinary) approved the appointment of M/s Viren Gandhi & Co as new Statutory Auditors, replacing the resigning M/s GBCA & Associates LLP, with 100% votes in favor on 34.72% polling. Resolution 2 (Special) approved the disinvestment in material subsidiary SKL India Private Limited with 99.99% approval, and Resolution 3 (Ordinary) approved the related party transaction involving transfer of 50.01% shareholding in SKL India to its promoters Mr. Krishna Kumar Bhatia and/or Mrs. Bhavna Bhatia, also passed with 99.99% support. Promoters of Uravi abstained from voting on Resolutions 2 and 3 as they were deemed interested parties.
The company is exiting its 50.01% stake in material subsidiary SKL India by selling it back to SKL's own promoters, which means Uravi will lose control of a material subsidiary and may see a significant change in its consolidated business profile. Shareholders should watch for further disclosures on the financial impact of this divestment and how the proceeds will be utilised. The auditor change is routine and unlikely to be material.