Announced Mon, 22 Jun · 12:54 IST
Ujaas Energy: Geeta Mundra appointed Chairman, Vikalp Mundra reappointed
UEL · price
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Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹139.75
prior close
₹141.88
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-1.4-1.4-1.4+0.2-1.4-4.2-6.3-7.7-6.8-9.1-13.0——
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AI summary
Ujaas Energy board approved reappointment of Mr. Vikalp Mundra as Executive Director. Mrs. Geeta Mundra, mother of existing executive directors Anurag and Vikalp Mundra, was appointed Non-Executive Non-Independent Director and designated Chairman. Board also approved borrowing powers up to Rs. 1,000 Crores. All these items, along with loans, guarantees and investments approvals under sections 185 and 186, are subject to shareholder approval at the 27th AGM.
Likely market impact
Promoter family member elevated to Chairman strengthens family control. Borrowings up to Rs. 1,000 Crores may lead to higher debt levels.