Ujaas Energy Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on May 13, 2025
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Ujaas Energy Limited held an Extraordinary General Meeting (EGM) on Tuesday, May 13, 2025, from 2:30 PM to 3:20 PM through physical presence. All five directors, including Chairman Shyamsunder Mundra and CFO Anurag Mundra, were present along with the statutory auditor and scrutinizer. Out of 52,774 total members on the cut-off date, only 11 members attended, which fell short of the required quorum of 30 members. As a result, no business was transacted and the meeting was adjourned and rescheduled to Tuesday, May 20, 2025 at 2:30 PM at the same venue.
No shareholder resolutions were approved at this EGM, and any agenda items that were to be decided will now be taken up at the reconvened meeting on May 20, 2025. The very low turnout (11 out of 52,774 members) signals weak shareholder engagement, which may delay corporate decisions and could raise governance concerns among investors.