Ujaas Energy Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2025
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Ujaas Energy Limited has submitted the Scrutinizer's Report and voting results for its 26th AGM, which was originally scheduled for September 19, 2025, but was adjourned due to lack of quorum and reconvened on September 26, 2025, at the registered office in Indore. All 12 resolutions were passed with near-unanimous support (over 99.99% in favor). Key resolutions approved include: adoption of FY25 audited financial statements, re-appointment of Mr. Shyamsunder Mundra as director, appointment of secretarial auditor for FY26-FY30, issue of Bonus Shares, amendments to MOA and AOA, related party transactions, fund raising up to Rs. 500 crores via FPO/ADR/GDR/QIP/rights/preferential issue, and increasing the borrowing limit to Rs. 1,000 crores. Out of 51,770 shareholders on record date, only 11 attended in person (9 promoters and 2 public), and promoter holding dominates voting at about 90% of equity (100 million out of 111.1 million shares).
Shareholders should note the approval of bonus shares, which is shareholder-friendly, but also the large enabling resolutions for raising up to Rs. 500 crore in equity and Rs. 1,000 crore in debt, signaling potential dilution and higher leverage ahead. The amendment of MD/Chairman remuneration terms and related party transaction approvals may be governance items to monitor. With promoters holding ~90% and a reconvened AGM due to thin quorum, public shareholder participation has been minimal, meaning resolutions effectively sail through on promoter backing.