Ujaas Energy Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/04/2025 ,inter alia, to consider and approve Issue of bonus shares to the public ....
UEL · price
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Ujaas Energy Ltd has informed the stock exchanges that its Board of Directors will meet on 19th April 2025. The main item on the agenda is to consider a proposal for issuing bonus shares to public shareholders. The purpose of the bonus issue is to help the company meet the Minimum Public Shareholding (MPS) requirement mandated under SEBI and SCRR rules. The Board will also appoint a scrutinizer for an upcoming Extra-Ordinary General Meeting (EGM), fix the book closure and e-voting cut-off dates, and approve the EGM notice. The bonus share ratio has not been disclosed in this filing. Shareholders will need to wait for the next announcement after the Board meeting to know the actual ratio and timeline.
A bonus issue can increase share liquidity and lower the per-share price, but the key reason here is regulatory compliance to lift public shareholding, not a reward of surplus. Short-term stock movement will depend on the ratio announced after the Board meeting, which is not specified yet.