Ujaas Energy Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 19, 2025
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Ujaas Energy Limited has notified the 26th Annual General Meeting (AGM) of shareholders on Friday, September 19, 2025, at 03:30 PM, to be held at its registered office in Indore, Madhya Pradesh. The AGM will consider adopting the audited financial statements for FY 2024-25, re-appointing Mr. Shyamsunder Mundra as a director, and appointing M/s Ashish Karodia & Co. as the secretarial auditor for five years (FY 2025-26 to FY 2029-30). Key special business includes issuing bonus shares in a 2:1 ratio to public shareholders (excluding promoters) to meet the minimum public shareholding (MPS) requirement, raising up to Rs. 500 crore through securities, and increasing the borrowing limit to Rs. 1,000 crore. The company also proposes amending its MOA to diversify into electric vehicles, energy storage devices, and renewable power generation for captive use.
For public shareholders, the 2:1 bonus issue is a positive signal, effectively tripling their shareholding to help the company comply with MPS norms. However, the proposed Rs. 500 crore fundraise and Rs. 1,000 crore borrowing capacity signal significant equity dilution and debt expansion ahead. Investors should note the company's background — it was under NCLT insolvency proceedings (admitted September 2020) with a resolution plan approved in October 2023 — making these resolutions important markers of its post-recovery strategy and capital needs.