The Exchange had sought clarification from Ujaas Energy Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.
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Ujaas Energy Limited has submitted clarification that its Managing Director (Late Mr. Shyamsunder Mundra) passed away and the CEO position is vacant, so the Whole-Time Director signed the Q4 FY2026 financial results. The company reported standalone revenue of Rs. 1,663.85 Lakhs for FY2026, down from Rs. 2,693.51 Lakhs in FY2025. Profit before tax stood at Rs. 482.59 Lakhs versus Rs. 1,103.27 Lakhs YoY. The auditors issued a qualified opinion due to two issues: (1) trade receivables of Rs. 2,855.44 Lakhs where external confirmations were not received, and (2) a Rs. 80.21 Lakh difference between books and bank confirmations for fixed deposits with Axis Bank. The company also clarified it has no qualified borrowings and disclosed a proposed preferential issue of 1,275.70 lakh shares at Rs. 11 per share to raise Rs. 14,032.70 Lakhs.
The qualified audit opinion and leadership vacancies signal governance concerns, while the large unreconciled trade receivables pose potential asset quality risk. The ongoing preferential share issue could be dilutive for existing shareholders.