Date: 06th June, 2022

To

To

The Manager (Listing)

The Manager (Listing)

BSE LIMITED

NATIONAL STOCK EXCHANGE OF INDIA

PhirozeJeejeebhoy Towers

Exchange Plaza, C-1, Block G

25th Floor, Dalal Street

Bandra Kurla Complex

Mumbai - 400001

Bandra (E), Mumbai-400051

BSE Scrip Code- 526987

Ref: NSE Symbol -URJA

Subject: Outcome of the adjourned Board Meeting held on Monday, 6th June, 2022

Dear Sir/Madam

This is in reference to our Intimation/Outcome of Board meeting dated 30th May, 2022 which was adjourned and held today i.e. on 06th June, 2022 at 03:00 PM and concluded at 07:15 PM at the registered office of the company. Pursuant to the provisions of Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the Board members has approved following businesses:

  1. Approved the Audited (Standalone and Consolidated) Financial results of the Company for the Quarter and Financial Year ended 31st March 2022.
  2. Taken on record the Independent Auditor's report from the Statutory Auditors M/s ASHM &
    Associates for the quarter and financial year ended on 31st March, 2022.
  3. Took note of Statement of Deviation/Variation in the utilization of funds raised through Rights Issue of Partly Paid-Up Shares, for the Quarter and Year ended on 31st March, 2022.
  4. Appointed Mr. Yogesh Kumar Goyal whose term expired on 31st May, 2022 as whole-time director of the company.
  5. Appointed M/s Uttam Abuwala Ghosh & Associates, Chartered Accountants (FRN: 111184W) as Statutory Auditor subject to shareholders' approval in the ensuing AGM of the company.
  6. Appointed M/s Mishra Anurag & Company, Chartered Accountants (FRN: 031607N) as Internal Auditor of the company for the Financial Year 2022-23.
  7. Appointed Mrs. Preeti Kataria (M. No. A53025) as Company Secretary and Compliance Officer of the company w.e.f. 20th June, 2022 in place of Mrs. Neha Shukla who has been promoted as Legal head.

We hereby enclose the copies of:

  1. Independent Audit Report for Audited Financial Results.
  2. Copy of Financial results for the quarter and Financial year ended March 31, 2022.
  3. Statement on Impact of Audit Qualifications.

Further, pursuant to provisions under the Code of Internal Procedures & Conduct to regulate, monitor and report trading by insider adopted by the Company under the SEBI (Prohibition of Insider Trading) Regulations, 2015 for declaration of Audited (Standalone and Consolidated) Financial Statements of the Company for the quarter and year ended on 31st March, 2022, the trading window shall remain close till the completion of 48 hours after the results of Board Meeting as referred above are made public (As per Company Code of Conduct for prevention of Insider Trading.)

The aforesaid information shall also be placed on the website of the Company www.urjaglobal.in& web sites of Stock Exchanges.

Kindly take the above information on your records.

Thank you

ASHM & ASSOCIATES

Chartered Accountants

Independent Auditor's Report on Quarterly and Year to date Standalone Financial Results of Urja Global Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To

The Board of Directors of

Urja Global Limited

Opinion

We

have

audited

the

quarterly

Financial

Results

of

"Urja Global Limited" ("the Company") for the quarter ended 31st March, 2022 and the year to date results for the period from 1st April, 2021 to 31st March, 2022 (the "Statement") attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us these standalone financial results:

  1. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
    1. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Ind accounting standards and other accounting principles generally accepted in India of the net profit/loss and other comprehensive income and other financial information for the quarter and the year to date results for the period 1st April, 2021 to 31st March, 2022 subject to a) non availability of documentary evidence due to seizure of records/documents/computers and electronic data by GST department on raid of the premises on 20th July, 2021 b) non confirmation of Trade Receivables, Trade Payables & other Loan and advances c) Written off Sundry Debtors amounting to Rs. 1,50,64,677/- and adjusted on 31/03/2022 against i) Expenses Payable Rs. 1,14,04,955/- ii) Salary Payable Rs. 34,85,522/- iii) PVV Satnarayana Rs.

Address- Head Office: E-24, Basement, Lajpat Nagar- III, New Delhi-110024, Ph: 011-29832120,

Branch Office: 207 Best Plaza, H-8, Netaji Subhash Place, Pitampura, Delhi-110034, Mob .No 09810270448

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Urja Global Ltd. published this content on 23 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 09:54:04 UTC.