Ujaas Energy board approves bonus issue in 2:1 ratio

According to a regulatory filing, the board, in its meeting on Tuesday, approved the issuance of bonus shares to public equity shareholders (promoters are not participating in this issue) in the ratio of 2:1.

That means shareholders will get two fully paid-up equity shares of ₹1 face value for every one existing share held as of the record date.

However, the issue is subject to the approval of the shareholders in the ensuing annual general meeting.

The company said it had ₹7,482.33 lakh in reserves and surplus available for capitalisation as of March 31, 2025.

The bonus issue is used to utilise reserves and surpluses. The bonus shares are expected to be credited into the shareholders' accounts within 2 months from the date of the board approval.

The pre-bonus issue size of shareholding is 11,11,32,630 shares, which would be increased to 13,33,97,814 shares post allotment of shares.

The board also approved the enabling resolution for fundraising through FPO/ADR/GDR/QIP/right issue/preferential issue, etc, up to a tune of ₹500 crore, subject to approval of shareholders in the ensuing AGM.

The board approved the enabling resolution to borrow funds not exceeding ₹1,000 crore, subject to approval of the shareholders.

Ujaas Energy Limited was founded in 1979 and is based in Indore. It provides solar power solutions and manufactures electric scooters. The company has diversified its operations over the years, originally being a transformer manufacturer before expanding into solar energy and later adding electric vehicles (EVs) to its portfolio.

Ujaas Energy Q1 FY26 Results

Ujaas Energy reported a nearly 35% decline in its net profit to ₹2.48 crore for the June quarter (Q1 FY26) compared to the preceding year, mainly due to lower revenues.

It had posted a net profit of ₹3.81 crore in the quarter ended on June 30, 2024, a BSE filing showed.

Total revenues declined to ₹9.20 crore in the quarter from ₹10.71 crore logged in the same period a year ago.

The board also approved the dissolution of the Implementation and Management Committee (IMC), which was constituted for the purpose of overseeing and executing the implementation of the Resolution Plan as approved by the National Company Law Tribunal (NCLT), Indore Bench, vide its order on October 13, 2023, subject to directions and acceptance for the dissolution of the committee by the NCLT.

The board also approved the extension of the scope of the "Management Committee" of the Board of Directors of the company.