Uravi Defence EGM: Approves Auditor Appointment, Disinvestment in SKL India
Uravi Defence and Technology Limited held an EGM on March 2, 2026. Shareholders approved the appointment of M/S Viren Gandhi & Co as statutory auditors. The EGM also approved the disinvestment of 50.01% shareholding in subsidiary SKL India Private Limited to promoters Mr. Krishna Kumar Bhatia and/or Mrs. Bhavna Bhatia.
The EGM addresses significant corporate actions including auditor changes and a material disinvestment, which can have a notable impact on the company's structure and financial reporting. The approval of these resolutions is material for the company's operations and governance.
The EGM successfully passed resolutions related to auditor appointment and disinvestment, indicating progress in corporate actions. The outcomes were largely favorable, with high voting percentages in favor for key resolutions.
Uravi Defence and Technology Limited held its Extra Ordinary General Meeting (EGM) on Monday, March 02, 2026, at 4:15 PM IST via Video Conference. The meeting focused on three key resolutions.
The first resolution, an ordinary resolution, concerned the appointment of M/S Viren Gandhi & Co, Chartered Accountants, as the statutory auditors to fill the casual vacancy caused by the resignation of M/s GBCA & Associates LLP. This appointment is effective until the next Annual General Meeting.
The second resolution, a special resolution, was to consider and approve the proposal for disinvestment in SKL India Private Limited. Promoters and promoter groups showed 100% favor in e-voting for this resolution, with public non-institutions also largely voting in favor.
The third resolution, an ordinary resolution, sought approval for a material related party transaction involving the disinvestment of 50.01% shareholding in SKL, a material subsidiary. This disinvestment is to be executed by transferring shares to Mr. Krishna Kumar Bhatia, Managing Director and Promoter of SKL, and/or Mrs. Bhavna Bhatia, Director and Promoter of SKL. While promoter and promoter group shares were held, no votes were polled by them for this specific resolution, whereas public non-institutions largely voted in favor.
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Uravi Defence and Technology Limited filed this with the NSE as a statutory disclosure, categorised under egm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Uravi Defence and Technology Limited. Read the original for the full detail.