Urja Global Q1 results with auditor flags, USD 500M fund raise and ESOP plan
URJA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 1.8 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved Q1FY27 unaudited results. Standalone revenue from operations about Rs 5,339 lakh, profit before tax around Rs 190.86 lakh. Auditor flagged several concerns: Rs 46.35 crore mines project with no documents, Rs 47.27 crore receivables of which Rs 41.54 crore over 180 days old, GST ITC not reversed worth Rs 34.24 crore, multiple large GST demand orders, SEBI penalty of Rs 90 lakh under appeal, and set-off of debtors and liabilities. New CFO Vijay Kumar Singhal appointed. Company proposes to raise up to USD 500 million and launch ESOP scheme Urja For All with 56 lakh options pool.
Multiple auditor flags on governance, GST and recoverability raise red flags. Large fund raise may dilute equity. Contingent tax liabilities are a material risk.