Ujaas Energy Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/11/2025 ,inter alia, to consider and approve Meeting of the Board of Directors ....
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Ujaas Energy has called a board meeting on November 3, 2025, to consider increasing its authorized share capital and amending the capital clause of its Memorandum of Association. The board will also consider issuing equity shares on a preferential basis to non-promoters under SEBI ICDR regulations, and separately to promoters against the conversion of a Resolution Applicant Loan as per the approved resolution plan. Additionally, the board will appoint a scrutinizer, fix the book closure date, and approve the notice for an Extra-Ordinary General Meeting (EGM). No pricing, valuation, or quantity details have been disclosed yet — these are expected in the subsequent EGM notice and outcome.
Existing shareholders may face equity dilution from the preferential allotments, though the promoter-side issuance is essentially a debt-to-equity swap under the company's resolution plan, which could strengthen the balance sheet. Investors should watch for the issue price, number of shares, and identity of non-promoter allottees once the EGM notice is filed.