Uravi Defence to divest 50% stake in SKL India subsidiary for about Rs 11.25 cr

Core Business DivestedStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-0.8%+1.0% vs market

Auto Components & Equipments peers, median of 110sector-0.7%+0.9% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 0.9 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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AI summary

Uravi Defence and Technology's board approved disinvestment of its entire 50.01% stake in SKL India (Private) Limited, a material subsidiary, in one or more tranches. SKL contributed 5.24 percent of revenue and 0.15 percent of net worth in FY25. Buyers are the promoters of SKL, making it a related party transaction done at arm's length. Consideration will not be less than the original investment of about Rs 11.25 crores. The deal needs shareholder approval and is expected to close by April 30, 2026.

Likely market impact

Minimal revenue impact as SKL is only 5.24% of revenue. Sale at original cost means no gain or loss. Removes related-party exposure, subject to shareholder approval.