Ujaas Energy Limited has informed the Exchange regarding Board meeting held on November 03, 2025.
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Ujaas Energy's board, at its meeting on November 3, 2025, approved increasing the authorized share capital from ₹45 crore to ₹52 crore (in equity shares of ₹1 each). It also approved a preferential allotment of 12.75 crore equity shares to 81 non-promoter investors at ₹11 per share (including a ₹10 premium), raising approximately ₹140.33 crore in fresh capital. Separately, up to 24 crore equity shares will be issued to SVA Family Welfare Trust (the Resolution Applicant) at face value of ₹1 each, against a convertible loan under the approved resolution plan, to help meet Minimum Public Shareholding norms. An Extra-Ordinary General Meeting (EOGM) will be held to seek shareholder approval for these actions.
The combined issuance of up to 36.75 crore new shares represents substantial equity dilution for existing shareholders. While the preferential issue brings in fresh capital, the 24 crore shares to SVA Trust at face value (vs. ₹11 for other allottees) could weigh on the stock. Existing investors should watch for the EOGM outcome and monitor share price for dilution-related pressure.