Urja Global Limited — Annual Report 2021

May 31, 2021

Urja Global Ltd.

URJA (AN ISO 9001 Co.) CIN No. L67120DL1992PLCO48983 Date: 31st May, 2021

To The Manager (Listing) Bombay Stock Exchange Limited PhirozeJeejeebhoy Towers 25th Floor, Dalal Street Mumbai -400001

To The Manager (Listing) National Stock Exchange of India Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra(E), Mumbai-400051

BSE Scrip Code- 526987 Ref: NSE Symbol -URJA

Subject: Outcome of Board Meeting held on 31st May 2021

Dear Sir/Madam

This is in reference to our Intimation dated 22ndMay, 2021 regarding Meeting of Board of Directors of the Company scheduled on 31st May, 2021.

Pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we wish to inform you that the Board of Directors of the Company, had at its meeting held today ie. on Monday, 31st May, 2021, which commenced at 11:00 AM and concluded at 06:15 PM, has inter- alia transacted the following business:

• 1. Approved the Audited (Standalone and Consolidated) Financial Statements of the Company for financial year ended on 31st March, 2021.
• 1. Approved the audited Financial Statements of Subsidiary Companies for the Financial year on 31st March, 2021.
• Re -appointment of Mr. Yogesh Kumar Goyal as whole-time director. 3.
• through Rights Issue of Partly Paid-Up Shares, for the Quarter and Year ended on 4. Took note of Statement of Deviation/Variation in the utilization of funds raised 31st March, 2021, if any.
• 1. Took note of e-mail received from National Stock Exchange (NSE) dated December 01, 2020 and May 18, 2021 requesting clarification with reference to the announcements dated July 01, 2020 and October 20, 2020 informing about entering into agreements with Ogata Motors India Private Limited and FVM Industries (India) Private Limited and for status of the Agreements. The status is as follows:

S.	Name of Entity	Status of Agreement and Timeline
No.
	OgataPrivateIndiaLimited	Motors a) Ogata Motors is a manufacturing entity engaged in manufacturingof electric vehicles such as E Auto, E Scooters and E Cars.
	Announcementdate:July01,2020	As per the terms of MOU dated 23rd June, 2020 signed with them,b)Urja had to provide raw material of E Vehicles, Led AcidBatteries and Lethium ion Batteries pack required for assemblingand manufacturing E Vehicles.
		c)But due to ongoing Covid-19 pandemic our own manufacturingactivityhas been hampered along with the imports and we are notable to provide the required raw material on time.
		Thus due to above mentioned conditions our business with OgataBut we hope to resume it soon, once themotors is gettingdelayed.things get back normal.
	FVMIndustries(India)PrivateLimitedAnnouncementdate:	a) FVM Industries is engaged in business of Marketing & Sales ofElectricScooty & Vehicles. As per the terms of MOU dated 17thOctober, 2020 signed with them, Urja had to provide E Scootyand E Vehicles on purchase orders from FVM. They were to doSales, Marketing and Distribution work for our products.
	October 20, 2020	We are in the process of arranging distributors for execution ofb)the Agreement and obtaining necessary statutory approval fromInternational Centre for Automotive Technology (ICAT) for ourEvehicle designs. We got approvals for two base models of ElectricTwo Wheelers EZess and E Life from ICAT on 27th May, 2021.
		Also due to ongoing Covid-19 pandemic our own manufacturingc)activityhas been hampered and we are not able to provide theproducts to them.
		Due to above mentioned conditions our business with FVM is gettingdelayed. But we hope to resume it soon, once the things get backnormal

1. Took note of the Show Cause Notice Ref No: CFD/CMD3/06490/2021/1 Dated 22nd March 2021 issued under Sections 11(1), 11(4), 11(4A) and 11B (1) of the Securities and Exchange Board of India Act, 1992 in the matter of M/s Urja Global Limited in violation of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Further pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015 we are hereby enclosing the Statement of Audited Financial Results along with Auditors.

Kindly take the information on your records.

Thanking you

Yours Sincerely

Urja Global Ltd. URJA (AN 1SO 9001 Co.)

CIN No. L67120DL1992PLCO4B983

Uria Global Limited
Standalone Statement of Assets and liabilities	(Rs. In Lakhs)

	March 31, 2021	Mareh 31, 2020
Particulars	Audited	Audited
ASSETS
Non-curTent asset		4,642,09
(a) Property, Plant and Equipment	4,641.63
6) Finaneal Assets		5,330.33
0lnvestments	5,331.27
) Loans	0.30	0,30
(1) Other Financial Assets		5.100
c)Other Non Cument Assets_	54.94	0.10
(d) Defemed Tax Assets	0,19
Current assets_
(a) Financial Asscts		2,416.97
Loans)	1,821.38	35.98
()Cash and cash cquivalents	36.1	5.67
(11)) Other Bank Balances_	5.32	29,829.80
Liv) Trade Reveinables	35,749.08	753.05
() Inventonics	386.60
(i) Other Assets		82.21
b) Other Cunent Assets	101.11
		43,101.60
ol Assets	48,127.99 L
EQUITY AND LIABILITIES
Equit		5,072.06
(aEquity Share Capital_	5,197.06	7,565.34
	8,236.71
6)Other Equity_
Liabilities
Non-Current iabiities
(a) Deferred Tax Liabilities
[Current liabäities
(a) Financial Liabilities		32.58
)Loans		31.6329,568.54
()		33,825.19519.03
Trade Payables		424.17
(m) Other Financial Liabilities6) Other Current Liabilities
		344.05413.22
Current Tax Liabilitiesc
otal Equity and Liabilities		43,101.6048,127.99

Place: New Delhi Date: 31st May 2021 NEW

Regd. off: 487/63, Ist Floor. National Market, Peeragarhi, New Delhi-110087 For Urja Global Limited

Dheeraj Kumar Shishodia DELHI Managing Director MNRE DMN DIN: 07847284

11-25279143, 45588275 Fax:11-25279143

info@urjaglobal.it www.urjaglobal.ir

Urja Global Ltd. URJA (AN ISO 9001 Co.)

CIN No. L67120DL1992PLC048983

	Regd, Office : 487/63, Ist Floor, National Market, Peeragarhi, New Delhi-110087. CIN-L67120DL1992PLC048983
	Audited Standalone Financial Results For The Quarter & Year Ended on March 31, 2021					(Rs. In Lakhs)
			Quarter ended		Year ended
		31.03.2021	31.12.2020	31.03.2020	31.03.2021	31.03.2020
S, No	Particulars		Un-audited	Audited	Audited	Audited
		Audited
			3,377.02	2,707.58	12,843.81	14,455.89
ĩ	Revenue from Operation	4.250.84	68.82	80.55	284.26	180.44
n	Other Income	126.35		2,788.12	13,128.07	14,636.32
т	Total Revenue (1+11)	4,377.19	3,445.84
IV	Expenses
	Cost of materials consumed			2,672.62	12,417.65	14,857.17
	Purchases of stock-in-trade	4,420.76	3,226.08	0.06	366.44	(598.90)
	Changes in inventories of finished goods, work-in-progress	(142.29)	138.87
	and stock-in-trade			13.30	67.16	88.54
	Employee benefits expenses	15.69	11.93	1.06	1.05	1.28
	Finance Cost	0.01	0.41		13.97	1.48
	Depreciation and amortisation expense	0.40	0.37	0,36	47.14	62.28
	Other expenses	29.05	7.97	15.46	12,913.42	14,411.85
	Total Expenses	4,323.61	3,385.63	2,702.85
V	Profit / (Loss) before Exceptional and extraordinary items and				214.65	224.47
	$\mathbf{tax}$ (HI-IV)	53.57	60.21	85.28		$\blacksquare$
VI	Exceptional Items		$\overline{a}$	$\overline{\phantom{a}}$	214.65	224.47
VII	Profit/(Loss) from Ordinary Activities before tax (V-VI)	53.57	60.21	85.28		$\bullet$
VIII	Extraordinary items	$\blacksquare$		÷	214.65	224.47
IX	Profit / (Loss) bebore tax (VH-VIII)	53.57	60.21	85.28
x	Tax Expenses				43,37	63.32
	$(1)$ Current tax	$\blacksquare$	$\blacksquare$	$\bullet$		0.14
	(2) Deferred tax	$\ddot{\phantom{1}}$	٠		0.09	161.01
XI	Profit / (Loss) for the period from continuing operations (IX-X)	53.57	60.21	85.28	171.19
xn	Profit / (Loss) from discontinuing operations(before tax)	$\ddot{\phantom{0}}$	$\tilde{\phantom{a}}$	$\tilde{\phantom{a}}$		$\blacksquare$
XIII	Tax expense of discontinuing operations	$\ddot{\phantom{0}}$	$\bullet$	$\overline{\phantom{a}}$	$\overline{a}$	$\blacksquare$
XIV	Profit / (Loss) from discontinuing operations (after tax)	÷.	$\ddot{\phantom{0}}$	$\overline{\phantom{a}}$		$\blacksquare$
	Net profit/ (Loss) for the year ended	53,57	60.21	85.28	171.19	161.01
XV	Share of profit/ (loss) of association	$\blacksquare$	$\ddot{\phantom{1}}$	$\blacksquare$	$\blacksquare$
XVI		$\ddot{\phantom{0}}$	w	٠	$\tilde{\phantom{a}}$	$\ddot{\phantom{0}}$
	XVII Minority InterestNet profit/ (Loss) after taxes, minority interest and share of profits/
		53.57	60.21	85.28	171.19	161.01
XVIII	(loss) of associatesOther Comprehensive Income
XIX	Total Comprehensive Income for the period (after tax)	53.57	60.21	85.28	171.19	161.01
XX		5197.06	5072.06	5072.06	5197.06	5072.06
XXI	Paid up equity share capital (face value of Rs 1/-)Reserve excluding revaluation reserve as per balance sheet of
		$\overline{\phantom{a}}$	$\ddot{\phantom{0}}$	$\ddot{\phantom{0}}$	8,236.71	7565,34
XXII	Previous accounting year
	XXIII Earning per share (of Rs1, each) not annualised
	(1) Baisc	0.010	0.012	0.017	0.033	0.032
		0.010	0.012	0.017	0.033	0.032
	(2) Diluted

URJA GLOBAL, LIMITED

IThe above financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 31st May, 2021.

The Company operates in one segment only, the clause relating to segment wise reporting is not applicable to the Company.

The above Audited Financial Results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended as specified in section 133 of the Companies Act, 2013.

The Company has considered the possible effects that may result from the pandemic relating to COVID-19. The Company has performed sensitivity analysis on the assumplions used and based on current indicators of future economic conditions. In developing the assumptions relating to the possible future uncertainties in the

global economic conditions because of this pandemic, the Company, as at the date of approval of these financial results has used internal and external sources on the exDected future derformance of the Companv.

EPS has been calculated in accordance with Ind AS 33 as notified by the Ministry of Corporate Affairs (MCA) in the Companies (Indian Accounting Standards) Rules, 2015 as amended as specified in section 133 of the Companies Act, 2013. 5

Previous period's figures have been regrouped / reclassified, wherever necessary to correspond with the current period's classification/ disclosure 6

Regd. off: 487/63, Ist Floor. National Market, Peeragarhi, New Delhi-110087 11-25279143, 45588275

For Ur Global Lignte OBA NEW Dheerj KúmarShishpe Managing Director DIN: 07847284 Place: New Do ELHI

Fax: 11-25279143

Urja Global Ltd. URJA (AN ISO 9001 Co.)

CIN No. L67120DL1992PLC048983

Urja Global Limited Standalone Cash Flow Statement for the year ended 31st March, 2021

			(Rs. In Lakhs)
	Particulars	March 31, 2021	March 31, 2020
	CASH FIOW FROM OPERATING ACTVITIES
	Profit before tax	214.65	224.46
	Adjustments for
	Interest income & other Non-cash Income	(284.26)	(180.44) 1.28
		1.05
	interest ExpensesDepreciation and Amortization Expenses	13.97	1.48
	Interest Income on National Saving Certificates
		(54.59)	46.79
	Operating Profit before Working Capital Changes
	Adjustment for(Increase)/Decrease in Loans	595.60	22.40
	Increase/Decrease in Other Financial Assets	0.35	(0.33)
	Increasc/Decrease in Other Bank Balances	(5,919.28)	(11,375.03
	ncreasc/Decrease in Trade Receivables	366.44	(598.90)
	(Increasc)/Decrease in Inventories		(62.65)
	(Increasc)/Decrease in Other Assets	(68.74)	(0.81)
	Increase/(Decrease) in Loans	(0.95)	11,566.66
	Increase/(Decrease) in Trade Payables	4,256.65	274.52
	Increase/(Decrease) in Financial liabilities	(94.86)
	Increase/(Decrease) in other current liabilities		46.56
	Increasei(Decrease) in Current tax liabilities	69.17
	Cash Generated from Operations	(850.20	(80.7963.32
	Direct Taxes Paid	43.37
		893.57)	(144.11)
	NET CASH FROM OPERATING ACTIVITIES (A)
	B CASH FLOW FROM INVESTING ACTVITIES	(2.00)	(0.52
	Assets/InvestmentsPurchase of Fixed	284.26	180.44
	Interest Income
	NET CASH FROM INVESTING ACTIVITIES (B)	282.26	179.92
	FLOW FROM FINANCING ACTvITIES ( C)
CASH		(1.05	(1.28)
	Finance Cost: Interest Expense	625.00
	Issue of Shares- Right Issue	(12.46)
	Right issue Expanses
	NET CASH FROM FINANCING ACTIVITIES (C)	611.49	(1.28)
			34.520.18
	Net Increase/(Decrease) in Cash and Cash Equivalents (A+B+C)
		35.98	146
	Balance of Cash and Cash EquivalentsOpening	36.1	35.98
	Closing Balance of Cash and Cash Equivalents		34.520.18

Regd. off: 487/63, Ist Floor. National Market, Peeragarhi, New Delhi-110087

11-25279143, 45588275 info@uraglobal.in Fax: 11-25279143 www.urjaglobal.in

ASSOCIATES

Chartered Accountants

INDEPENDENT AUDITOR'» REPORT

Auditor's Report on Quarterly Financlal Results and Year to Date Results of the Company Pursuant to the Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements) Regulations, 2015

To

The Board of Directors of Urja Global Limited

Opinion

• 1. We have audited the accompanying standalone quarterly financial results of "Urja Global Ltd." ("the Company") for the quarter and the year to date results for the period 1 April, 2020 to 31 March, 2021 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").
• 1. In our opiníon and to the best of our information and according to the explanations given to us these standalone financial results:
  • i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in thís regard; and
  • ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting princíples generally accepted in India of the net profit/loss and other comprehensive income and other financial information for the quarter ended 31 March, 2021 and the year to date results for the period 1 April, 2020 to 31* March, 2021.

Address- Head Office: E-24, Basement, Lajpat Nagar- , New Delhi-110024, Ph: 011-29832120, Branch Offlce: 207 Best Plaza, H-8, Netaji Subhash Place, Pitampura, Delhi-110034, Mob .No 09810270448 Website: www.ashm.in, Emall: bajajca@small.com

Basis for Opinion

We Conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act).Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Standalone Financial Results

These quarterly financial results as well as the year to date standalone financial results have been prepared on the basis of the interim financial statements. The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit/loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, "Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventingand detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Address-Head Office: E-24, Basement, Lajpat Nagar- Ill, New Delhi-110024, Ph: 011-29832120, Branch Office: 207 Best Plaza, H-8, Netaji Subhash Place, Pitampura, Delhi-110034, Mob .No 09810270448 Website: www.ashm.in, Email: bajajca@gmail.com

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone financial results asa whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• ldentify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, the override of internal control. i.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. ii.
• ii. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
• iv. Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whethera material uncertainty exists related to events or conditions that may cast significant

Address- Head Office: E-24, Basement, Lajpat Nagar- 11, New Delhi-110024, Ph: 011-29832120, Branch Office: 207 Best Plaza, H-8, Netaji Subhash Place, Pitampura, Delhi-110034, Mob .No 09810270448 Website: www.ashm.in, Email: bajajca@gmail.com

doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation. v.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

For ASHM & Associates Chartered Accountants Reg No. 005790C ManojKumar Bajaj

Partner M. No. 091107

UDIN: 21091107AAAAAW7694

Place: New Delhi Date: 31.05.2021

Address- Head Office: E-24, Basement, Lajpat Nagar- Il, New Delhi-110024, Ph: 011-29832120, Branch Office: 207 Best Plaza, H-8, Netaji Subhash Place, Pitampura, Delhi-110034, Mob .No 09810270448 Website: www.ashm.in, Email: bajajca@gmail.com

Urja Global Ltd. URJA (AN ISO 9001 Co.)

CIN No. L67120DL1992PLCO48983

	Regd. Office: 487/63, Ist Floor, National Market, Peeragarhi, New Delhi-110087. CIN-L67120DL1992PLC048983	URJA GLOBAL LIMITED
	Audited Consolidated Financial Results For The Quarter & Year Ended on March 31, 2021
						(Rs.In Lakhs)
			Ouarter ended		Year ended
	Particulars	31.03.2021	31.12.2020	31.03.2020	31.03.2021	31.03.2020
S.No.		Audited	Un-audited	Audited	Audited	Audited
						16,356.14
٠	Revenue from Operation	5,354.44	3.872.75	3,017.30	14,846.32335.63	180.44
n	Other Income	178.09	68.82	80.55		16,536.58
m	Total Revenue (1+11)	5,532.53	3,941.57	3,097.85	15,181.95
n	L xpenses					$\blacksquare$
	Cost of materials consumed			٠		16,304.45
	Pinchases of stock-in-trade	5,199.35	3,892.32	2,951.04	14,354.68	(350.86)
	Changes in inventories of finished goods, work-in-progress	92.51	(115.04)	2.95	177.73
	and stock-in-trade					141.46
	Employee benefits expenses	34.75	27.35	27.26	121.50	79.39
	Finance Cost	14.59	19.70	27.10	63.44	39.55
	Depreciation and amortisation expense	9.07	8.62	9.94	47.23	146.82
	Other expenses	83.69	57.92	40.28	199.60
	Intal Expenses	5,433.97	3,890.88	3,058.58	14,964.18	16,360.81
	Profit / (Loss) before Exceptional and extraordinary items and tax	98.56	50.69	39.27	217.77	175.77
v	(111-1V)
		$\blacksquare$	$\overline{\phantom{a}}$		$\tilde{\phantom{a}}$
VI	I sceptional Items	98.56	50.69	39.27	217.77	175.77
Vn	Profit/(Loss) from Ordinary Activities before tax (V-VI)	÷,	ä,
VIII	Extraordinary items	98.56	50.69	39.27	217.77	175.77
IX	Profit / (Loss) bebore tax (VII-VIII)
x	Tax Expenses		٠	$\blacksquare$	43.37	63,32
	(1) Current tax	٠$\overline{a}$		$\overline{\phantom{a}}$	0.77	0.40
	(2) Deferred tax	98.56	50.69	39.27	173.63	112.05
XI.	Profit / (Loss) for the period from continuing operations (IX-X)		$\ddot{\phantom{0}}$	$\blacksquare$	$\ddot{\phantom{0}}$	$\ddot{\phantom{a}}$
XH	Profit / (Loss) from discontinuing operations(before tax)	÷,		$\overline{a}$	٠	÷,
XIII	Tax expense of discontinuing operations	$\blacksquare$	٠	$\ddot{\phantom{a}}$	$\tilde{\phantom{a}}$	$\blacksquare$
XIV	Profit / (Loss) from discontinuing operations (after tax)			39.27	173.63	112.05
XV	Net profit/ (Loss) for the year ended	98.56	50.69	÷.	$\tilde{\phantom{a}}$	$\overline{\phantom{a}}$
XVI	Share of profit/ (loss) of association	$\overline{a}$			(0.07)	(0.08)
XVII	Minority Interest	$\overline{a}$	$\ddot{\phantom{0}}$	$\tilde{\phantom{a}}$
	Net profit/ (Loss) after taxes, minority interest and share of profits/				173.70	112.13
	XVIII (loss) of associates	98.56	50.69	39.27
XIX	Other Comprehensive Income					112.13
XX	Total Comprehensive Income for the period (after tax)	98.56	50.69	39.27	173.70
XXI	Paid up equity share capital (face value of Rs 1/-)	5,197.06	5,072.06	5,072.06	5,197.06	5.072.06
	Reserve excluding revaluation reserve as per balance sheet of Previous
XXII	accounting year	٠			12,016.32	11,342.05
	XXIII Eurning per share (of Rs1, each) not annualised
	(1) Paisc	0.0190	0.0100	0.0077	0.0334	0.0221
	(2) Diluted	0.0190	0.0100	0.0077	0.0334	0.0221

Nolrs i

The above financial resuls were reviewed and recommended by the Audit Commite and approved by the Board of Directors at their meting held on 31st May, 2021.

2 The Company operates in one segment only, the clause relating to segment wise reporting is not applicable to the Company.

The above Audieod Financial Results have been prepared in accordanoe with the recognition and measurement principles of aplicable Indian Acounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 as amended as specified in section 133 of the Companies Act, 2013.

The Company has considered the possible effects that may result from the pandemic relating to COVID-19. The Company has perfomed sensitivity analysis on the assumptions used and based on current indicators of future economic conditions. In developing the assumptions relating to the possible future uncertainties in the global ecenomic conditions because of this pandemic, the Company, as at the date of approval of these financial results has used internal and extermal sources on the expected future Derformance of the Comoanv.

EPS has been calculated in accordance with Ind AS 3 as notificd by the Ministry of Corporate Affairs (MCA) in the Companies (lndian Accounting Standards) Rules, 2015 as amended as specified in section 133 of the Companies Act, 2013.

6 Previous period's figures have been regrouped / reclassificd, wherever necessary to corespond with the curent period's classification / displosure

Regd. off: 487/63, Ist Floor. National Market, Peeragarhi, New Delhi-110087 11-25279143, 45588275

.Fax: 11-25279143 e info@urjaglobal.in www.urjaglobal.in

Urja Global Ltd. (AN ISO 9001 Co.)

CIN No. L67120DL1992PLC048983

Sun ior iie Uria Global Limited

Consolidated Statement of Assets and liabilities	Uria Globaletsand liabilities	(Rs InLa (Rs. In Lakhs)
	March 31, 2021	March 31, 2020
		Audited
Particulars	Audited
ASSETS
	9.420.39	9,337.56
Non-curTent assetsS(a) Property, Plant and Equipment	4,386.99	4,386.99
b) Goodwill c)Financial Assets	65.00	65.00
Investments
)(1) Loans	0.30	0,30
ii)Other Financial Assets	54.94	5.10
(d) Other Non Current Assets	3.47	4.06
(e) Defered Tax Assets
Current aSsets
(a) Financial Assets	1,831.33	2.424.39
Loans	38.56	38.59
)Cash and cash equivalents	5.32	5.67
(11) Other Bank Balances	36,182.92	31,219.27
(1V) Irade Receivables	791.11	968.84
(v) Inventones	8.27	151.35
(Vi) Other Assets	138.52	4.76
(b) Other Current Assets	4.76
(c) Curent Tax Assets		48,611.89
	52,931.86
Total Assets
EQUITY AND LIABILITIES
		5,072.06
Equity	5,197.06	10,405.02
a) 0) Equity Share Capital	11,078.02	937.44
(b) Other Equity_	938.29
(c) Non Controlling Interest
Liabilities
Non-Current liabilities
a) Financial Liabilities
		357.83299.85
)Loans(1) Borrowings
Current liabilities
(a) Financial Liabilities		209.25190.49
ane) Loans	34,253.69	30,650.64
i) Trade Payables		607.7449.85
)Other Financial Liabilities		27.88
(6) Other Current Liabilities		111.38344.05
c) Current Tax Liabilities		413.22
		48,611.89 BAL52,931.86

For Urja GlobaLimite Place: New Delhi Date: 31st May 2021 NEW

Regd. off: 487/63, Ist Floor. National Market, Peeragarhi, New Delhi-110087

11-25279143, 45588275 info@urjaglobal.in Fax: www.urjaglobal.in 11-25279143

DIN

Dheeraj Kuma.Shishol Managing Direetor

MNRE

DELHI

Urja Global Ltd.

URJA (AN ISO 9001 Co.) CIN No. L67120DL1992PLC048983

Urja Global Limited Consolidated Cash Flow Statement for the year ended 31st March, 2021

			(Rs. In Lakhs)
	Particulars	March 31, 2021	March 31, 2020
			175.77
	A CASII FLOW FROM OPERATING ACTVITIES	217.77
	Profit before tax
	Adjustments for	(335.63)	(180.44)
	Interest Income & other Non-cash Income	63.4	79.3
	Interest Expenses	47.23	39.55
	Depreciation and Amortization Expenses
	Interest Income on National Saving Certificates		114.27
		(7.19)
	Operating Profit before Working Capital Changes
	Adjustment for	593.06	22.48
	Ancrease)VDecrease in Loans
	(Increase/Decrease in Other Financial Assets	0.35	(0.33)
	(Increase)/Decrease in Other Bank Balances	(4,963.65)	(12,452.41)
	(Increase)/Decrease in Trade Receivables	177.73	(350.86)
	(Increase)/Decrease in Inventories		(94.3 58)
	(Increase)/Decrease in Other Assets	(45.27)	(16. 12)
	Increase/(Decrease) in Loans	(76.75)	12,366.21
	Increase/(Decrease) in Trade Payables	3,603.06	350.50
	Increase/(Decrease) in Financial liabilities	(157.87	13.86
	Increase/(Decrease) in other current liabilities	83.5	46.56
		69.17
	Increase/(LDecrease) in Current tax liabilities		(0.41)
		(723.84)	63.32
	Cash Generated from OperationsDirect Taxes Paid	43.37
		(767.21)	(63.73)
	NET CASH FROM OPERATING ACTIVITIESs (A)
	CASH FLOW FROM INVESTING ACTVITIES	(118.55) 335.63	(9.77)
	Purchase of Fixed Assets//nvestments		180.44
	Interest Income
		217.08	170.67
	NET CASH FROM INVESTING ACTIVITIES (B)
	CASH FLOW FROM FINANCING ACTVITIES (C)	(63.44)	(79.39)
	Finance Cost Interest Expense	625.00
	Issue of Shares- Right Issue
	Right issue Expanses	(12.46) 00
	Issue of Shares by Subsidaries
		550.10	79.39
	NET CASH FROM FINANCING ACTiVITIES (C)
			27.550.03)
	Net Inereasel(Decrease) in Cash and Cash Equivalents (A+B+C)		11.04
			38.59
	Opening Balance of Cash and Cash Equivalents		38.5938.56
	Closing Balance of Cash and Cash EquivalentsNET INCREASE/DECREASE IN CASH AND CASH EQUIVALENTT		27.55(O.03)

Place: New Delhi

Regd. off: 487/63, Ist Floor. National Market, Peeragarhi, New Delhi-110087 11-25279143, 45588275

Fax: 11-25279143

MNRE

info@urjaglobal.in www.urjaglobal.in

ASSOCIATES

Chartered Accountants

INDEPENDENT AUDITOR's REPORT

Auditor's Report on Consolidated Quarterly Financial Results and Year toDate Results of the Company Pursuant to the Regulation 33 of the SEBJ (isting Obligations and Disclosure Requirements) Regulations, 2015

To

The Board of Directors of Urja Global Limited

Opinion

We have audited the accompanying Statement of Consolidated Financial Results of Urja Global Ltd. ("Holding company") and its subsidiaries (holding company and its subsidiaries together referred to as "the Group"), for the quarter ended 31* March, 2021 and for the period from1* April, 2020 to 31* March, 2021("the Statement"), being submitted by the holding 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, and based on the consideration of the reports of the other auditors on separate financial statements/ financial information of subsidiaries, associates and jointly controlled entities, the Statement:

a. includes the results of the following entities:

1. Urja Batteries Ltd.

2. Sahu Minerals&Properties Ltd.

b. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations, as amended; and

Address-Head Office: E-24, Basement, Lajpat Nagar- I, New Delhi-110024, Ph: Branch Office: 011-29832120, Website: 207 Best Plaza, H-8, Netaji Subhash Place, Pitampura, Delhi-110034, Mob .No 09810270448 www.ashm.in, Email: bajajca@gmal.com C. gives a true and fair view, in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of consolidated total comprehensive income (comprising of net [profit/loss) and other comprehensive income/ loss) and other financial information of the Group for the quarter ended 31* March, 2021 and for the period from 1April, 2020 to 31« March, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group, its associates and jointly controlled entities in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Consolidated Financial Results

These quarterly financial results as well as the year to date consolidated financial results have been prepared on the basis of the interim financial statements.

The Holding Company's Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information of the Group including its associates and jointly controlied entities in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, "Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and of its associates and jointly controlled entities are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and its associates and jointly controlled entities and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making

Address-Head Office: E-24, Basement, Lajpat Nagar- ll, New Delhi-110024, Ph: 011-29832120, Branch Office: 207 Best Plaza, H-8, Netaji Subhash Place, Pitampura, Delhi-110034, Mob .No 09810270448 Website: www.ashm.in, Email: bajajca@gmail.com

judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Directors of the Holding Company, as aforesaid.

In preparing the consolidated financial results, the respective Board of Directors of the companies included in the Group and of its associates and jointly controlled entities are responsible for assessing the ability of the Group and of its associates and jointly controlled entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group and of its associates and jointly controlled entities are responsible for overseeing the financial reporting process of the Group and of its associates and jointly controlled entities.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

1. Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

2. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

3. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.

4. Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates and jointly controlled entities to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associates and jointly controlled entities to cease to continue as a going concern.

5. Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.

6. Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group and its associates and jointly controlled entities to express an opinion on the consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated Financial Results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and sigificant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Address- Head Office: E-24, Basement, Lajpat Nagar- I, New Delhi-110024, Ph: 011-29832120, Branch Office: 207 Best Plaza, H-8, Netaji Subhash Place, Pitampura, Delhi-110034, Mob .No 09810270448 Website: www.ashm.in, Email: bajajca@gmail.com

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applícable.

Other Matters

The consolidated Financial Results include the audited Financial Results of Three subsidiaries, whose interim Financial Statements/Financial Results/ financial information reflect Group's share of total assets of Rs. 5748.15 Lakhs as at 31 March, 2021, Group's share of total revenue of Rs. 1155.34 Lakhs and Rs. 2053.88 Lakhs and Group's share of total net profit/(loss) after tax of Rs. 44.98 Lakhs and Rs. 3.12 Lakhs for the quarter ended 31 March, 2021 and for the period from 1"April, 2020 to 31 March, 2021 respectively, as considered in the consolidated Financial Results, which have been audited by their respective independent auditors. The independent auditors' reports on interim financial statements/Financial Results/financial information of these entities have been furnished to us and our opinion on the consolidated Financial Results, in so far asit relates to the amounts and disclosures included in respect of these entities, is based solely on the report of such auditors and the procedures performed by us are as stated in paragraph above.

Our opinion on the consolidated Financial Results is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the Financial Results/financial information certified by the Board of Directors.

For ASHM & Associates Chartered Accountants Reg No. 005790C

Manoj/Kumar Bajaj Partner M. No. 091107

UDIN: 21091107AAAAAX2887

Place: New Delhi

Date: 31.05.2021

Address- Head Office: E-24, Basement, Lajpat Nagar- II, New Delhi-110024, Ph: 011-29832120, Branch Office: 207 Best Plaza, H-8, Netaji Subhash Place, Pitampura, Delhi-110034, Mob .No 09810270448 Website: www.ashm.in, Email: bajajca@gmail.com

Urja Global Ltd.

URJA (AN ISO 9001 Co.) Sun CIN No. L67120DL1992PLC048983 ior Le

Date: 31.05.2021

To The Manager (Listing) Bombay Stock Exchange Limited Phirozejeejeebhoy Towers 25th Floor, Dalal Street Mumbai- 400001

To The Manager (Listing) National Stock Exchange of India Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra(E), Mumbai-400051

BSE Scrip Code- 526987 Ref: NSE Symbol -URJA

Sub: Declaration pursuant to Regulation 33(31(d) of Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations. 2015

Dear Sir/Madam

We hereby declare, on behalf of Urja Global Limited that Audit report in respect to Consolidated Audited financial results for the financial year ended 31st March, 2021 and Standalone Audited financial Results for the Quarter and Financial year ended 31st March, 2021 submitted by ASHM & Associates, Statutory Auditor of the Company is with unmodified opinion of the Statutory Auditor.

Thanking You

Yours sincerely

For UriaatgkalLimited

Dheera Kimar Shishodia (Managing Director)

Regd. off: 487/63, Ist Floor. National Market, Peeragarhi, New Delhi-110087

www.urjaglobai.in 11-25279143, 45588275 Fax:11-25279143