Urja Global Ltd

Urja Global Q3 FY26: ₹15.26 Cr Revenue, Auditor Raises Multiple Concerns 🔍📉

• Revenue for Q3 FY26 stood at ₹15.26 crore with a profit of ₹2.20 crore.

• A new wholly-owned subsidiary was incorporated in London, UK.

• Mrs. Sakshi Arora appointed as Company Secretary, Compliance Officer, and Key Managerial Personnel.

• Auditor concerns: lack of documentation for ₹46.35 crore in mine investments and loans/advances.

• Non-reversal of GST input tax credits worth ₹34.25 crore due to delayed creditor payments.

• Loans totaling ₹5.44 crore to individuals/corporates; management states no related-party transactions.

• Interest not accrued on promoter loan (₹24.02 crore) and other loans/advances (₹5.44 crore).

• Sundry debtors of ₹1.51 crore lack contact details, raising recovery concerns.

• Pending liabilities of ₹34.25 crore outstanding for over 2 years with no interest charged.

• High receivables (₹70.59 crore) and payables (₹43.31 crore), mostly aged over 180 days.

• SEBI imposed a ₹90 lakh penalty for disclosure non-compliance; appeal filed.

• Multiple GST demand notices totaling over ₹140 crore across various financial years.

• Income tax liability of ₹6.24 crore and TDS liability of ₹5.38 lakh outstanding.