URBAN

Urban Enviro Waste Management Ltd. announced on May 20, 2026, the postponement of its proposed preferential issue of up to 32,00,000 fully convertible warrants to promoters and non-promoters. This decision was made because proposed investors chose not to proceed due to prevailing market volatility. The company asserts that it remains operationally and financially strong, and this postponement will not have any material adverse impact on its business or financial position. A separate Qualified Institutions Placement (QIP) for up to ₹32 Crores remains unaffected.

The company has procured 25 orders for FY 2025-26 with a total annual billing value of ₹42.26 Crores. Additionally, for FY 2026-27 (till May 10, 2026), it secured 8 orders with a total annual billing value of ₹28.05 Crores. These orders primarily involve solid waste management services for various local bodies, with contract tenures ranging from 10 months to 5 years.

Urban Enviro Waste Management will unveil "Urban 2.0" at its upcoming AGM, outlining strategic growth into new states and scaling operations, driven by India's environmental services opportunity. The company plans to raise approximately ₹75 crore through QIP and warrants for expansion. It projects a substantial increase in profitability, with profit growing from ₹2.15 crore in FY23 to ₹14.88 crore in FY26, leveraging opportunities from Swachh Bharat Mission Urban 2.0.

Urban Enviro Waste Management Ltd has received In-Principal Approval from the National Stock Exchange of India Limited on May 06, 2026. This approval is for the issuance of 32,00,000 Equity shares of Rs. 10/- each, pursuant to the conversion of warrants issued on a preferential basis, as per Regulation 28(1) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The Board of Directors of Urban Enviro Waste Management Ltd, in a meeting on May 7, 2026, approved the Audited Standalone Financial Results for the Half Year and Year ended March 31, 2026, and appointed M/s ACA & Company as Internal Auditor for FY27. The board also approved revisions to key managerial personnel remuneration, effective April 1, 2026: Mr. Kamlesh Sharma (MD) from ₹2 lakhs to ₹3 lakhs/month, Mr. Suresh Sharma (WTD) from ₹60,000 to ₹2 lakhs/month, Mr. Vikas Sharma (ED) from ₹50,000 to ₹1 lakh/month, and Mr. Amol Tirale (CFO) from ₹45,000 to ₹55,000/month, all subject to shareholder approval.

Urban Enviro Waste Management Ltd submitted Board comments on a fine of ₹11,800 levied by NSE for non-compliance with Regulation 29(2)/29(3) of SEBI (Listing Regulations). The non-compliance was due to not providing prior intimation for a Management Committee meeting on March 22, 2026, which determined the issue price of warrants. The company attributed this to an inadvertent misunderstanding, noting prior approval for fundraising and initial disclosure. The fine has been paid, and the Board has advised strengthening internal compliance.

Urban Enviro Waste Management Ltd's Board, on May 7, 2026, approved the Audited Standalone Financial Results for the Half Year and Year ended March 31, 2026. The Board also appointed M/s ACA & Company as Internal Auditor for FY 2026-27. Additionally, the remuneration of key managerial personnel was revised effective April 1, 2026: Mr. Kamlesh Sharma (MD) increased to ₹3 lakhs/month, Mr. Suresh Sharma (WTD) to ₹60,000/month, Mr. Vikas Sharma (ED) to ₹50,000/month, and Mr. Amol Tirale (CFO) to ₹55,000/month. Revisions for directors are subject to shareholder approval.