Chairman and Managing Director Shyamsunder Mundra passes away
UEL · price
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Ujaas Energy informed exchanges about the demise of Shri Shyamsunder Mundra, Chairman and Managing Director, on 2 February 2026. He served as a Director since 9 June 1999 and played a pivotal leadership role in the company. He will also cease to be part of the Promoter and Promoter Group of the company under SEBI LODR Regulation 31A. Details have been disclosed under Regulation 30.
Loss of founder-promoter Chairman raises succession and governance uncertainty for shareholders. Stock may react negatively in the short term.