Uravi Defence and Technology reports strategic diversification, mixed financial results

Uravi Defence and Technology Limited reported financial results for the year ended March 31, 2025, with a turnover of INR 4,134.54 lakhs, a slight decrease from INR 4,198.91 lakhs in the previous fiscal year. Profit before tax increased to INR 256.15 lakhs from INR 279.85 lakhs (restated for 2024), while profit after tax decreased to INR 178.58 lakhs from INR 236.51 lakhs (restated for 2024). The company did not recommend a dividend for the year.

A key development for 2024-25 was strategic diversification into the defense sector, marked by the acquisition of SKL India Private Limited as a subsidiary and the incorporation of Bharat Technology Limited in the UK as a wholly-owned subsidiary. These actions led to amendments in the company’s object clause and a change of name from "URAVI T AND WEDGE LAMPS LIMITED" to "URAVI DEFENCE AND TECHNOLOGY LIMITED."

The company also issued 15,00,000 share warrants on a preferential basis, convertible into equity shares, raising INR 49,50,00,000. Subsequently, 2,60,000 warrants were converted into equity shares, increasing the paid-up equity share capital. The annual general meeting will be held on September 30, 2025.