Uravi Defence and Technology Limited Posts Financial Results for Q Ended June 30, 2026; Qualified Conclusion on Consolidated Statements Issued

Uravi Defence and Technology Limited Posts Financial Results for Q Ended June 30, 2026; Qualified Conclusion on Consolidated Statements Issued​

Uravi Defence and Technology Limited announced the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results were approved by the Board of Directors. Concurrently, the company noted a qualified conclusion in the Limited Review Report regarding its consolidated financial statements, which relates to associates.

The Board meeting, held on August 13, 2026, also addressed the appointment of M/s Viren Gandhi & Co as Statutory Auditors and took note of a notice from exchanges concerning non-compliance with regulatory requirements.

Financial Results for Q Ended June 30, 2026​

The company released both standalone and consolidated unaudited results. Key performance metrics highlighted in the Standalone Financial Results (in Rs. Lakhs) include:


The Consolidated Segment Information for the Automotive Segment showed a Segment Value of Sales and Services (Revenue) of 1,032.89 in the quarter ended June 30, 2026. The segment achieved an EBITDA of 81.00, with a Segment Results (EBIT) of 34.58.

Consolidated Statements Face Qualification on Associates​

The Independent Auditor’s Limited Review Report for the Consolidated Financial Results revealed a qualified conclusion regarding the share of profit and other comprehensive income from associates, specifically SPAFAX International Holding Limited and SPAFAX International Limited. This qualification stems from the fact that the financial statements of these associates were unaudited and not subjected to a limited review by their respective statutory auditors.

The Qualified Conclusion states that while the management has reviewed the associated unaudited financial statements and is satisfied they are fairly presented, the auditor was unable to obtain sufficient appropriate evidence regarding the amounts and disclosures related to these associates.

A quantification of the impact on the consolidated results is as follows:


The cumulative unreviewed share of profit across both periods amounts to Rs 158.56 Lakhs. The management confirmed that it is actively engaged with the associates to resolve this matter and committed to reporting the status of resolution to the Audit Committee at its meetings.

Non-Compliance Fine Notice Noted by Board​

The company also received a notice from the National Stock Exchange of India concerning non-compliance with Regulation 33 of SEBI Listing Regulations. The details provided in the exchange's annexure show a fine payable of Rs 1,06,200 (inclusive of GST) for REGULATION 33 pertaining to the quarter ended March 31, 2026.

The Board noted this matter and advised strengthening compliance monitoring mechanisms to ensure timely adherence to all applicable regulatory requirements. The notice also outlined potential consequences for default, including freezing the entire shareholding of the Promoters and shifting trading to a 'Trade for Trade' basis in case of consecutive defaults.

URAVIDEF Stock Price Movement​

Shares of Uravi Defence and Technology Limited are edging higher to ₹109.00 as of 1:37 PM, gaining 1.83% in live trading. The stock traded within a tight range, hitting a low of ₹106 against heavy volume of 4,357 shares.