Ujaas Energy Limited has informed the Exchange about Public Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015.
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Ujaas Energy has revised Resolution No. 2 of its EOGM Notice following observations from NSE dated 22.12.2025, providing clearer details of a preferential allotment of 12,75,70,000 equity shares (about 12.76 crore shares) to non-promoters for a total cash consideration of Rs. 140.33 crore. The company has outlined how it plans to use these funds: Rs. 25 crore for setting up facilities to produce green elements such as copper, aluminium, hydrogen and their derivatives, plus acquisition/construction of solar power plants; Rs. 79.25 crore for working capital; Rs. 35.08 crore for general corporate purposes; and Rs. 1 crore for issue expenses. The company highlighted that this is a strategic capital-raising move to strengthen its financial position and support future growth and expansion, signalling diversification beyond its existing energy business into green materials and clean energy. A deviation of up to +/- 10% in each object (except general corporate purposes) is permitted, and idle funds will be parked in bank FDs or debt mutual funds. The allotment remains subject to in-principle approvals from NSE/BSE and shareholder approval with requisite majority.
This is a significant fundraise of Rs. 140.33 crore from non-promoters which could dilute existing shareholders and signals the company's strategic pivot into green metals, hydrogen and solar power. Existing shareholders should watch for further updates on share pricing, allottee identity and the timeline of actual fund deployment, as successful execution of the new green energy ventures could be a positive long-term catalyst while any delay or high dilution could weigh on the stock.