Uravi Defence and Technology Limited — JV/Acquisition, 25-06-2025: Acquisition

Uravi Defence and Technology has announced a board meeting on the acquisition of 100% stake in Spafax International Holdings Limited, a UK-based company specializing in unbreakable vehicle mirrors, advanced lighting, and explosion-proof camera systems. The deal values Spafax at approximately £3.42 million (~Rs. 34 Cr) and aims to boost Uravi’s presence in the UK and EU defense markets. This acquisition enhances their tech portfolio with patented mirror technology and integrated safety solutions, supporting global defense innovation and potentially driving future revenue growth. Payment will be completed in multiple cash tranches.