Uravi Defence Subsidiary Acquires 10% Stake in Spafax
Filing Summary
Uravi Defence and Technology Ltd announced that its wholly owned subsidiary, Bharat Technology Limited, has acquired 1,010 shares of Spafax International Holdings Limited. The acquisition represents a 10% stake in Spafax and was completed for an aggregate consideration of 3,40,000 GBP. This transaction was disclosed in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The acquisition details were communicated to the National Stock Exchange of India Limited and BSE Limited on February 20, 2026.
On February 20, 2026, Uravi Defence and Technology Ltd informed the National Stock Exchange of India Limited and BSE Limited about the acquisition of shares in Spafax International Holdings Limited by its wholly owned subsidiary, Bharat Technology Limited. The subsidiary acquired 1,010 shares, which constitutes 10% of the share capital of Spafax. The total consideration for this acquisition was 3,40,000 GBP.
This disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction was initially intimated on June 25, 2025, and the current filing serves as an update on the completion of the acquisition.
Uravi Defence and Technology Ltd, formerly known as Uravi T and Wedge Lamps Limited, focuses on the development and production of advanced defense technologies. The company is engaged in strategic initiatives to expand its capabilities and market presence in the defense sector.