Ujaas Energy Limited announced that its Board of Directors, at a meeting held today, approved key financial and strategic proposals including a preferential issue of equity shares, increase in authorised share capital, and an issue of shares to its resolution applicant’s trust.
According to the company’s filing with the BSE and NSE, the board meeting commenced at 11:30 a.m. and concluded at 7:25 p.m.
Key Decisions:
1. Increase in Authorised Share Capital
The Board approved an increase in the company’s authorised share capital from ₹45 crore (45 crore equity shares of ₹1 each) to ₹52 crore (52 crore equity shares of ₹1 each). The proposal will be placed before shareholders at the upcoming general meeting.
2. ₹140.32 Crore Preferential Issue of Equity Shares
Ujaas Energy will issue and allot 12.75 crore equity shares of ₹1 each at a price of ₹11 per share (including ₹10 premium) to non-promoter investors on a preferential basis, aggregating to ₹140.32 crore.
The issue price has been determined under Chapter V of SEBI (ICDR) Regulations, 2018 and is subject to shareholder approval and other statutory clearances.
As per the filing, the list of proposed investors includes F3 Advisors Pvt Ltd, Sahastraa Advisors Pvt Ltd, Dealmoney Commodities Pvt Ltd, Pankaj Commerz LLP, and several individual investors and funds.
3. Issue of Equity Shares to SVA Family Welfare Trust
The Board also approved an allotment of up to 24 crore equity shares at ₹1 per share to SVA Family Welfare Trust, the Resolution Applicant (RA), against the convertible RA loan as part of the approved resolution plan.
This issuance will help the company maintain Minimum Public Shareholding (MPS) norms after the preferential issue.
4. Other Board Decisions
- The Board took note of the valuation report from the registered valuer.
- Approved the date, time, and venue for the upcoming Extra-Ordinary General Meeting (EOGM).
- Appointed Mr. Ashish Karodia (CP No. 6375), Practicing Company Secretary, as the Scrutinizer for the EOGM e-voting process.
These resolutions mark another key step in the company’s recapitalisation efforts under its approved resolution plan.
For more details, visit: www.ujaas.com
Source: Regulatory filing submitted to BSE and NSE on November 3, 2025
