Uravi Defence to hold EGM on March 2, 2026, to consider auditor appointment and SKL disinvestment
Uravi Defence And Technology Limited will hold an EGM on March 2, 2026, to appoint M/s. Viren Gandhi & Co as Statutory Auditors. The company also plans to disinvest its 50.01% stake in SKL India Private Limited to promoters for at least ₹11.25 crore. The EGM will also approve this as a related party transaction.
The disinvestment of a material subsidiary and the appointment of new auditors are significant corporate actions that can have a medium-term impact on the company's structure, strategy, and financial reporting.
The announcement pertains to a routine corporate event (EGM) and standard business decisions such as auditor appointment and subsidiary disinvestment. While these are important, they do not inherently suggest a positive or negative shift in the company's immediate outlook.
Uravi Defence And Technology Limited will convene an Extra Ordinary General Meeting (EGM) on Monday, March 02, 2026, at 4:00 P.M. via Video Conferencing (VC)/other audio-visual means (OAVM). The meeting's deemed venue is the company's registered office at 329, Avior Nirmal Galaxy, L B S Marg, Mulund West, Mumbai – 400 080.
The EGM will address three key businesses. Firstly, it will consider and recommend 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. The appointment is proposed to be effective from December 10, 2025, until the conclusion of the 22nd Annual General Meeting in 2026.
Secondly, the EGM will consider and approve the proposal for disinvestment of the company's entire 50.01% shareholding in its material subsidiary, SKL India Private Limited. This disinvestment will be to Mr. Krishna Kumar Bhatia and Mrs. Bhavna Bhatia, the Managing Director and Director, and promoters of SKL, respectively. The aggregate consideration for this stake sale shall not be less than the investment amount of ₹11,25,19,540.
Thirdly, the meeting will seek approval for this disinvestment as a material related party transaction, in accordance with Section 188 of the Companies Act, 2013, and relevant SEBI regulations.
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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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