Ujaas Energy Limited informed the exchanges that its Board of Directors, at the meeting held on August 26, 2025, approved the issue of bonus shares in the ratio of two fully paid-up equity shares for every one share held by public equity shareholders. Promoters will not participate in this bonus issue.
The company stated that approximately 2.22 crore equity shares will be issued, increasing the share capital from 11.11 crore shares to 13.33 crore shares. The bonus issue will be implemented out of the share premium account and free reserves, requiring ₹2.22 crore. The shares are expected to be credited within two months of the Board’s approval, subject to shareholder approval at the forthcoming Annual General Meeting.
The Board also approved enabling resolutions for fundraising of up to ₹500 crore through instruments such as FPO, ADR, GDR, QIP, rights issue or preferential issue, and borrowings of up to ₹1,000 crore under Section 180(1)(C) of the Companies Act, 2013. Amendments to the Memorandum of Association and Articles of Association, changes to the liability clause, and related party transactions were also cleared, all of which will require shareholder approval in the AGM.
Other matters taken on record included the Secretarial Audit Report, the Corporate Governance Report, the Business Responsibility and Sustainability Report, and the Management Discussion and Analysis for the financial year ended March 31, 2025. The Board also finalized the draft Board’s Report and confirmed the appointment of Ashish Karodia, Practicing Company Secretary, as the Scrutinizer for e-voting and poll at the AGM.
