Ujaas Energy Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on May 20, 2025
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Ujaas Energy Limited held its 1st EGM on May 20, 2025, at its registered office in Indore. The meeting was originally scheduled for May 13, 2025, but was adjourned due to lack of quorum and reconvened on May 20. The only resolution on the agenda was the approval of the issue of bonus shares, classified as an Ordinary Resolution. Only 11 members (including proxies) attended, and all directors were present except Mr. Vikalp Mundra and Mr. Girish Kataria. E-voting was conducted from May 10 to May 12, 2025, and remaining members voted via ballot paper at the meeting. The scrutinizer will submit the consolidated voting results within two working days, after which the outcome will be disclosed to the stock exchanges.
The bonus share issue is the key item under consideration; if approved, shareholders will receive additional shares, typically seen as a positive signal reflecting management's confidence in the company's financial position. The outcome of the vote is still pending and will be announced shortly.