Ujaas Energy approves ₹1,000 crore borrowing limit at AGM
Ujaas Energy Limited held its 27th AGM on July 14, 2026, adopting audited financial statements for FY26 and authorizing a borrowing limit of ₹1,000 crore. Key resolutions included the re-appointment of Mr. Vikalp Mundra and the appointment of Mrs. Geeta Mundra as Non-Executive Director and Chairman. The company also secured approvals for loans, guarantees, and investments under Sections 185 and 186 of the Companies Act, 2013.
*this image is generated using AI for illustrative purposes only.
Ujaas Energy Limited concluded its 27th Annual General Meeting (AGM) on July 14, 2026, approving the audited standalone financial statements for the financial year ended March 31, 2026. Shareholders authorized the board to borrow funds up to ₹1,000 crore pursuant to Section 180(1)(c) of the Companies Act, 2013. The meeting was held at the company's registered office in Indore, Madhya Pradesh, and chaired by Mrs. Geeta Mundra.
The business transacted at the meeting included the adoption of the financial reports and the re-appointment of Mr. Vikalp Mundra as a director, who retires by rotation. Mrs. Geeta Mundra was appointed as a Non-Executive Director (Non-Independent) and designated as Chairman of the company through a special resolution. The company also received approval to provide loans, guarantees, and security under Section 185 of the Companies Act, 2013.
Further resolutions passed at the AGM permitted the company to make investments, extend loans, and provide guarantees or securities in connection with loans to other persons or body corporates under Section 186 of the Companies Act, 2013. The facility for remote e-voting was available from July 11, 2026, to July 13, 2026, allowing members to vote on all proposed resolutions.
Resolutions Passed
| Item No. | Resolution Description | Type |
|---|---|---|
| 1 | Adoption of audited standalone financial statements for FY26 | Ordinary Resolution |
| 2 | Re-appointment of Mr. Vikalp Mundra (DIN: 00113145) | Ordinary Resolution |
| 3 | Appointment of Mrs. Geeta Mundra (DIN: 00113261) as Non-Executive Director and Chairman | Special Resolution |
| 4 | Approval to give guarantees or provide security under Section 185 | Special Resolution |
| 5 | Approval for investments, loans, and guarantees under Section 186 | Special Resolution |
| 6 | Authorization to borrow funds up to ₹1,000 crore | Special Resolution |
Mr. Ashish Karodia, Practicing Company Secretary, was appointed as the Scrutinizer to oversee the e-voting and ballot paper voting process. The meeting concluded at 5:00 P.M. after transacting all scheduled business. The detailed voting results and the Scrutinizer's Report will be submitted to the stock exchanges within the prescribed regulatory timeline.
Historical Stock Returns for Ujaas Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.99% | +1.88% | -10.36% | +12.06% | +38.89% | +27,538.30% |
What specific capital projects or expansion initiatives is Ujaas Energy planning to fund with the authorized ₹1,000 crore borrowing limit?
How will the new leadership structure under Mrs. Geeta Mundra influence the company's strategic direction and governance policies?
What criteria will the board use to evaluate potential investments and loans under the newly granted Section 186 powers?
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