Ujaas Energy Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
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Ujaas Energy held its 26th AGM on September 26, 2025, from 3:30 PM to 4:30 PM at its registered office in Indore. The original AGM on September 19 had to be adjourned due to lack of quorum, and only 11 members (including proxies) attended the reconvened meeting. All directors were present except Mr. Vikalp Mundra, with Chairman Mr. Shyamsunder Mundra presiding. Twelve resolutions were tabled, including adoption of FY25 audited financials, re-appointment of Mr. Shyamsunder Mundra, appointment of a secretarial auditor for FY26–FY30, and amendments to the MOA and AOA. Importantly, shareholders were asked to approve a Bonus Share issue, related party transactions, loan/gurantee authority under Section 185, a fund-raising enabling resolution of up to Rs. 500 crore (via FPO/ADR/GDR/QIP/rights/preferential), and a borrowing limit of up to Rs. 1,000 crore. E-voting and poll results will be declared within two working days after the Scrutinizer submits the report.
Several business-critical items are pending shareholder approval — most notably a Rs. 500 crore fund-raising authorization, a Rs. 1,000 crore borrowing ceiling, and a proposed Bonus Share issue, any of which could meaningfully impact share price, dilution, and capital structure. The very low AGM attendance and the need to adjourn for quorum are minor red flags on shareholder engagement, though the meeting ultimately proceeded validly. Investors should watch for the e-voting results due within two working days for confirmation of these approvals.