Ujaas Energy Limited has informed the Exchange about Outcome of the 26th Annual General Meeting (AGM).
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Ujaas Energy Limited held its 26th AGM on September 26, 2025, after the originally scheduled meeting on September 19, 2025 was adjourned due to lack of quorum. Only 11 members attended the reconvened AGM, where 12 resolutions were put forward. Key resolutions included adoption of FY25 audited financial statements, re-appointment of Mr. Shyamsunder Mundra, appointment of a secretarial auditor for FY26–FY30, amendments to the MOA and AOA, approval for issuing bonus shares, related party transactions, and approval to give loans or guarantees under Section 185. Two financially significant resolutions were an enabling approval to raise up to Rs 500 crore through FPO/ADR/GDR/QIP/rights or preferential issue, and an enabling approval to borrow up to Rs 1,000 crore under Section 180(1)(C) of the Companies Act, 2013. All directors were present except Mr. Vikalp Mundra, and the e-voting results are to be announced within two working days by the Scrutinizer.
The bonus share proposal and the Rs 500 crore fund-raising enabling resolution could dilute existing shareholders if exercised, while the Rs 1,000 crore borrowing clearance signals significant planned expansion or debt activity. The adjournment of the original AGM due to lack of quorum and very low attendance (11 members) is a mild governance red flag, though the reconvened meeting was held validly as per Section 103(3) of the Companies Act.