Ujaas Energy to boost capital, issue preferential shares

Ujaas Energy Limited announced an Extra-Ordinary General Meeting (EGM) on December 1, 2025, to approve a substantial increase in its authorized share capital from ₹450 million to ₹520 million. This capital will be divided into 520 million equity shares of ₹1 each. The EGM will also address the alteration of the Capital Clause in the company’s Memorandum of Association.

Additionally, Ujaas Energy plans to issue 127.57 million equity shares on a preferential basis to non-promoter categories at a price of ₹11 per share, including a premium of ₹10, for a total consideration of ₹1.403 billion. These funds are earmarked for business growth, capital expenditure, and working capital requirements, with a portion for general corporate purposes. The allotment price was determined based on a valuation report dated November 3, 2025.

The EGM will also note the issuance and allotment of 240 million equity shares to SVA Family Welfare Trust, a promoter group entity, against the conversion of a loan. This allotment, approved by the National Company Law Tribunal, is subject to the successful completion of the non-promoter issue to ensure compliance with Minimum Public Shareholding norms.