Urja Global Limited — Board Meeting, 02-08-2025: Outcome of Board Meeting

Urja Global's board met and approved the consolidated financial results for the quarter ended June 30, 2025. Revenue reached ₹19.01 Cr, with a net profit of ₹0.97 Cr. The board also granted in-principle approval to raise up to USD 500 Million through various instruments to fuel future growth. Additionally, Mrs. Saumya Srivastava was appointed as an Independent Director and Mr. Manish Kumar as Company Secretary. Auditors flagged significant concerns, including lack of documentation for large investments/loans, unaccrued interest, high outstanding receivables, and numerous ongoing tax and SEBI legal disputes with substantial penalties.