Solar company’s Board to meet & approve authorised capital increase, preferential equity allotments to non-promoters and promoters via RA loan conversion

The Board of Directors of Ujaas Energy Ltd is scheduled to convene a meeting on Monday, November 3, 2025, at 11:30 AM at the company's registered office in Indore, with a significant agenda focused on capital restructuring and governance. Key items for consideration and approval include increasing the authorised share capital and altering the Memorandum of Association's capital clause. Crucially, the Board will discuss the preferential issue and allotment of Equity Shares both to Non-Promoters under SEBI ICDR Regulations and to Promoters upon converting the Resolution Applicant (RA) Loan as per the approved resolution plan. Furthermore, the meeting will involve preparatory steps for an Extra-Ordinary General Meeting (EGM), such as appointing a Scrutinizer, fixing the book closure date and cutoff date for e-voting and approving the draft EGM notice, along with its date, time and venue.

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Ujaas Energy Ltd.'s Board has approved a 2:1 bonus share issue (two new shares of Re. 1 for every one held), subject to shareholder approval at the upcoming AGM. The proposal will create approximately 2,22,65,184 new equity shares, funded by the Share Premium Account and Free Reserves, increasing the total outstanding shares from 11,11,32,630 to 13,33,97,814. The record date has been set as Friday, October 10, 2025. This follows an earlier 17:25 bonus issue that ex-traded on May 30, 2025.

About the Company

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.

The stock’s 52-week high is Rs 138.47 per share and its 52-week low is Rs 72.42 per share. The company's shares have a P/E of 520x and an ROE of 10 per cent. The company has a market cap of over Rs 3,900 crore and has delivered good profit growth of 42.9 per cent CAGR over the last 5 years. The stock is up over 60 per cent from its 52-week low and has given multibagger returns of over 25,000 per cent in 2 years.

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