Ujaas Energy shareholders approve capital increase, preferential share issuance

Ujaas Energy Limited announced the results of its extraordinary general meeting (EGM) held on Monday, December 1, 2025, where shareholders approved key resolutions concerning the company's capital structure. The EGM saw the passing of two main resolutions via remote e-voting and poll.

Resolution 1, an ordinary resolution to increase the authorized share capital and alter the capital clause of the Memorandum of Association, was passed with overwhelming support. A total of 131,502,939 votes were cast in favor, representing 100% of the polled votes. Resolution 2, a special resolution for the issuance of 127,570,000 equity shares on a preferential basis to non-promoter categories, also received unanimous approval, with 131,505,408 votes in favor.

A third resolution regarding the noting of issuance and allotment of equity shares upon conversion of the Resolution Applicant loan was presented for shareholders' information, as it was previously approved by the NCLT, Indore Bench. The voting results were scrutinized by Ashish Karodia, a practicing company secretary, ensuring compliance with SEBI regulations.