Ujaas Energy Limited has informed the Exchange regarding Outcome of Board Meeting held on February 21, 2026.
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Ujaas Energy's Board of Directors, at its meeting on February 21, 2026, noted the sad demise of Shri Shyamsunder Mundra, the Chairman & Managing Director, who passed away on February 1, 2026. Consequently, he has also ceased to be part of the Promoter/Promoter Group of the Company. The Board granted interim signing authority to Mr. Anurag Mundra (Whole-Time Director) to act as Chairman for signing purposes until a permanent Chairman is appointed. Both the Risk Management Committee and the CSR Committee have been reconstituted with Anurag Mundra as Chairman and Vikalp Mundra (Executive Director) and Nilesh Rathi (Independent Director) as members.
The passing of the Chairman & Managing Director is a material leadership event that may weigh on stock sentiment and raise governance questions about succession planning. However, family continuity is maintained through Anurag Mundra and Vikalp Mundra, who now lead key board committees. Shareholders should watch for a permanent Chairman appointment.