Urja Global Ltd

Shareholder notice and AGM details

• 34th AGM scheduled for 22 September 2026 at 11:00 IST via VC/OAVM.
• Notice and Annual Report FY2025-26 available via the provided web-link.
• Electronic copies were emailed to members with registered addresses.
• Shareholders without registered email should update addresses with RTA or the Company.
• KYC update reminders mandate PAN, contact, bank details, signature, and nomination for physical holders.
• Dematerialisation encouraged; RTA contact and ISR-1/2/3, SH-13/14 forms available for updates.
• From 1 April 2024, physical folios lacking updated PAN and details are eligible for electronic payments only.

Financial performance

• Consolidated total income ₹6759.02 lakhs; PAT ₹134.76 lakhs; PAT down 2.47% YoY.
• Standalone total revenue ₹5853.45 lakhs; PAT ₹190.86 lakhs; Standalone revenue up 15.07% YoY.
• Consolidated total assets ₹248.01 crore; consolidated net worth ₹191.04 crore.
• Dividend not declared for FY2025-26 to conserve cash.
• EVs contribute 74.72%, Solar 21.98%, Batteries 3.28% of turnover.
• Domestic sales; exports NIL; three plants in Nashik, Bahadurgarh, Sampla.

Revenue mix & business segments

• Product mix: EVs 74.72%, Batteries 3.28%, Solar 21.98% of turnover.
• Revenue from operations by product: Electric vehicles, Solar products, Batteries.
• Three plants supporting EVs & solar deployments across India.

Dividends & capital allocation

• Dividend policy exists on company website; no dividend declared for FY2025-26.
• Past fundraise: Rights Issue in 2021 raised ₹6.25 Cr; funds utilized per offer.
• No fund raised via QIP or preferential issue in FY2025-26.

Capital structure & liquidity

• Consolidated borrowings ₹9.23 crore; cash and cash equivalents ₹0.73 crore.
• No fixed deposits invited; liquidity considered adequate.
• Working capital management supported by current assets ₹5,204.95 lakh and current liabilities ₹4,020.27 lakh.

Subsidiaries & governance

• Material subsidiaries: Urja Batteries Limited (54.32%), Sahu Minerals & Properties Limited (78.51%), Urja Digital World Limited (94%).
• Secretarial audits by Siddiqui & Associates; no qualifications for material subsidiaries.
• Board: seven directors; four Independent Directors; two women on board.

Audits, risk management & controls

• Standalone & consolidated audit carry qualified opinions for GST input credits and mining investments due to documentation gaps.
• SEBI adjudication: Rs 90 lakh penalty; appeal filed with SAT; show cause from 2025 remains.
• Whistleblower policy and Vigil Mechanism in place; independent directors meet; risk management committee active.

Board leadership & governance changes

• Independent Director Payal Sharma ceased May 27, 2025.
• Saumya Srivastava appointed Aug 2, 2025; resigned June 9, 2026; ceased Audit Committee membership.
• MD Mohan Jagdish Agarwal re-appointment approved; Yogesh Kumar Goyal re-appointed as Whole-Time Director.
• CEO: Sushil Dubey served until Apr 30, 2026; Amitav Rao appointed Jun 2, 2026.
• Company Secretary: Sakshi Arora; Mikita Gupta appointed Jun 2, 2026.

ESG, sustainability & governance disclosures

• Business Responsibility and Sustainability Report (BRSR) published; governance framework detailed in report.
• Whistle Blower policy in place; Vigil Mechanism ensures protection for reporting concerns.
• No external ESG assurance engaged; compliance with SEBI LODR and corporate governance norms.

Special window transfer status

• Period 01-05-2026 to 31-07-2026; NIL re-lodged physical transfer requests.
• No requests processed, approved, or rejected during the period.
• Enclosed status report from Alankit Assignments Limited dated 12 August 2026.

Financial results

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026.
• Limited Review Reports attached.

Leadership & governance

• Vijay Kumar Singhal appointed CFO and KMP, effective Aug 5, 2026.
• Dr Anuradha Tomar appointed Additional Non-Executive Independent Director, effective Aug 5, 2026.
• Mohan Jagdish Agarwal re-appointed MD for five years from Nov 13, 2026, subject to shareholder approval.
• Yogesh Kumar Goyal re-appointed Whole-time Director for five years from Aug 5, 2026.
• Dr Gopalsetty Prasad Rao to continue as Non-Executive Independent Director until age 75 (July 1, 2027).
• 34th AGM scheduled for Sept 22, 2026 at 11:00 AM via VC/OAVM.

Funding & ESOP

• Plan to raise up to USD 500 million via securities in one or more tranches.
• UGL ESOP Scheme 2026: 56 lakh options; direct allotment to employees.
• Exercise price linked to market price with floor at face value.
• Vesting starts after one year; exercise window up to three years.
• ESOP extended to employees of subsidiary companies.

Regulatory, audit & risk notes

• SEBI penalty of Rs 90 lakh on Urja Global Ltd and 15 entities; appeal filed.
• GST ITC reversals not done; Rs 34,24,65,614 outstanding.
• Interest not accrued on promoter loan Rs 25,00,82,633.
• Interest not accrued on other loans/advances Rs 4,12,12,928 and Rs 36,60,888.
• Total outstanding receivables Rs 47.27 crore; 41.54 crore > 180 days.
• Tax and regulatory notices; case in process.
• Outstanding income tax liability Rs 6,23,98,520.

Business model & segments

• Primary segments: Electric Vehicle, Renewable Energy, Batteries.
• Electric Vehicle segment includes EVs and chain infrastructure.
• Renewable Energy includes solar panels, portable segment.

Dematerialisation / listing status

• The securities in the certificate have been listed on stock exchanges.
• The physical certificates received for dematerialisation were mutilated and cancelled, with the depository name substituted as registered owner.
• Period covered: quarter ended 30 June 2026.