Annual Secretarial Compliance report of the Company for the financial year ended March 31, 2026.
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Ujaas Energy Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26, prepared by CS Ashish Karodia. The auditor confirmed compliance across most areas including secretarial standards, board policies, website disclosures, director qualifications, related party transactions, and insider trading norms. However, the report discloses six regulatory non-compliances: two minor delays in furnishing board meeting intimation (Fines of Rs 11,800 each to BSE and NSE, both paid), and four instances of non-compliance with Regulation 38 regarding minimum public shareholding requirements (total fines of Rs 18.58 lakh across exchanges). The company has filed waiver applications for the public shareholding violations, which remain pending before both BSE and NSE. All previous year non-compliances related to related party disclosures, financial result submissions, and bonus issue timing have been resolved with penalties paid.
The pending minimum public shareholding non-compliance (Regulation 38) poses ongoing regulatory risk. The company has sought waivers but resolution remains uncertain. The multiple past penalties indicate weak compliance processes, though most have been addressed.