2 Free Shares for 1 Share Held: Solar Company Announce Bonus Shares Once Again This Year

DSIJ Intelligence-1 / 26 Aug 2025/ Categories: Bonus and Spilt Shares, Multibaggers, Trending

The stock is up by 62 per cent from its 52-week low and has given multibagger returns of 35,000 per cent in 2 years.

The Board of Directors of Ujaas Energy Ltd has approved a proposal to issue bonus shares to its public equity shareholders, pending approval from shareholders at the upcoming Annual General Meeting. The company plans to issue two new fully paid-up equity shares of Re. 1 each for every one existing share, a ratio of 2:1. This will result in the issuance of approximately 2,22,65,184 new equity shares, funded by the company's Share Premium Account and Free Reserves. Following the bonus issue, the company's total number of outstanding equity shares will increase from 11,11,32,630 to 13,33,97,814. The board also approved the amendment of the company's Memorandum of Association and the alteration of the Articles of Association, both subject to shareholder approval.

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Earlier this year, on May 30, 2025, the shares of the company ex-traded bonus shares in the ratio 17:25, i.e., 17 bonus shares for every 25 held.

Ujaas Energy Ltd, established in 1999, is a solar power company that generates, sells, and services solar power plants. It operates under the "UJAAS" brand, developing, owning, and maintaining solar energy power plants. The company offers engineering, procurement, construction, solar park, and rooftop solutions, along with operations and maintenance services. With an installed capacity of approximately 14 MW and over 235 MW of solar power plants set up, Ujaas Energy provides various solar power solutions through its Ujaas Park, Ujaas My Site, and Ujaas Home platforms. Additionally, the company manufactures transformers and has ventured into the electric two-wheeler market with its E-Spa brand.

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The stock’s 52-week high is Rs 415.91 per share and its 52-week low is Rs 217.50 per share. The company's shares have a PE of 500x and an ROE of 10 per cent. The company has a market cap of over Rs 3,800 crore and has delivered good profit growth of 42.9 per cent CAGR over the last 5 years. The stock is up by 62 per cent from its 52-week low and has given multibagger returns of 35,000 per cent in 2 years.

Disclaimer: The article is for informational purposes only and not investment advice.