Announced Fri, 22 May · 18:38 IST

Letter attached

Qualified OpinionRelated Party TransactionsContingent Liabilities IncreasedNegative Operating CashflowPat Growth 25pctRevenue Growth 20pctResults View source PDF

URJA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.7%1-day move

₹10.71

prior close

₹10.70

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.2+0.2+0.1+0.4-0.7+1.3+2.7+0.7-0.4+2.4-2.9-7.0-15.0—

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AI summary

Urja Global Ltd reported standalone revenue of ₹5,853.45 Lakhs for FY26, up 16.3% from ₹5,032.86 Lakhs in FY25. Net profit grew 32.5% to ₹190.86 Lakhs from ₹144.12 Lakhs. However, the auditor issued a Qualified Opinion citing: (A) failure to reverse GST Input Tax Credit of ₹34.25 Lakhs due to non-payment to creditors within stipulated time, and (B) absence of documentary evidence for Mines Projects valued at ₹46.35 Crores (classified as CWIP) and Loans & Advances granted. Documents were reportedly seized during a GST raid on July 20, 2021. Consolidated revenue declined slightly to ₹6,670.07 Lakhs from ₹6,724.73 Lakhs. The company also experienced significant management changes with resignations of CFO and Company Secretary and appointment of new CEO.

Likely market impact

The Qualified Opinion raises concerns about asset recoverability and regulatory compliance. Investors should be cautious as ₹46.35 Crores in mine investments lack documentation support, and undiscovered tax disputes of ₹43+ Crores exist. The company also failed to accrue interest on ₹23.18 Crore loan from promoter company.