Uravi Defence and Technology Limited has transferred 50.01% of its shareholding in SKL to Mr. Krishnakumar Bhatia and Mrs. Bhavna Bhatia.
URAVIDEF · price
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Uravi Defence and Technology Limited has transferred its entire 50.01% shareholding in SKL India (Private) Limited to Mr. Krishnakumar Bhatia (Managing Director of SKL) and Mrs. Bhavna Bhatia (Director of SKL), who were already part of SKL's management. Following this transaction, SKL India has ceased to be a subsidiary of Uravi Defence. The move was approved by shareholders at an Extra-Ordinary General Meeting held on March 02, 2026. Additionally, Mr. Niraj Gada (Promoter/Director of SKL) and Mr. Niken Shah (Independent Director of SKL) resigned from SKL's board effective March 02, 2026. The company has not disclosed the financial value of the transaction in this filing.
Uravi Defence has fully exited its subsidiary SKL India, meaning SKL's financials will no longer be consolidated into Uravi Defence's results, which could reduce reported revenue and assets going forward. Shareholders should watch for the deal value and the company's next steps on redeploying the proceeds, as this represents a significant restructuring of the company's business portfolio.