Ujaas Energy Limited has informed the Exchange regarding Outcome of Board Meeting held on November 03, 2025.
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Ujaas Energy's board, which met on November 3, 2025, approved three major actions. First, the authorized share capital will be raised from ₹45 crore to ₹52 crore, creating room for 7 crore additional equity shares of ₹1 face value. Second, the company plans a preferential allotment of 12.75 crore equity shares to 81 non-promoter investors at ₹11 per share (a ₹10 premium over face value), raising about ₹140.33 crore in cash. Third, up to 24 crore equity shares will be issued to SVA Family Welfare Trust (the Resolution Applicant) at ₹1 each, by converting an RA loan as part of the approved resolution plan, to help meet minimum public shareholding norms. All actions need shareholder approval at an upcoming EOGM.
The preferential issue and RA loan conversion together could result in significant equity dilution for existing shareholders. The company appears to be in a recovery phase post-resolution plan, with fresh capital being raised from a large pool of new investors. Shareholders should watch for EOGM outcome and any further clarity on post-issue shareholding and business direction.