Ujaas Energy Limited has scheduled its 27th Annual General Meeting (AGM) for July 14, 2026, at its Registered Office in Indore. The meeting seeks shareholder approval to borrow funds up to ₹1,000 crore and appoint Mrs. Geeta Mundra as Non-Executive Director (Non-Independent) and Chairman. Shareholders holding shares as of July 7, 2026, are eligible to participate in the remote e-voting process managed by Central Depository Services (India) Limited (CDSL).

The Board, meeting on June 22, 2026, recommended the re-appointment of Mr. Vikalp Mundra (DIN: 00113145), who retires by rotation and is eligible for re-appointment. The board also approved the draft Board's Report, Corporate Governance Report, and Secretarial Audit Report for the financial year ended March 31, 2026. Mr. Ashish Karodia (CP: 6375) was appointed as the Scrutinizer for the e-voting process.

Key Resolutions

Shareholders will vote on resolutions to approve loans, guarantees, and investments under Sections 185 and 186 of the Companies Act, 2013, with aggregate limits not exceeding ₹25 crore. The company seeks authorization to borrow up to ₹1,000 crore, exceeding the paid-up share capital and free reserves, and to pledge assets to secure these borrowings.

E-Voting and Meeting Schedule

Remote e-voting commences on July 11, 2026, at 9:00 A.M. (IST) and concludes on July 13, 2026, at 5:00 P.M. (IST). The Register of Members and Share Transfer Books will remain closed from July 8, 2026, to July 14, 2026.

Ujaas Energy Limited reported a 64% decline in net profit to INR 316.26 lakh for the financial year ended March 31, 2026, compared to INR 885.04 lakh in the previous year. Revenue from operations fell to INR 1,663.85 lakh from INR 2,693.51 lakh in FY25, primarily driven by lower income from its solar power plant operations and electric vehicle segments.

The company's earnings before interest, tax, depreciation, and amortization (EBITDA) decreased to INR 546.12 lakh from INR 1,183.26 lakh in the prior year. Total expenses for the year stood at INR 2,119.61 lakh, while other income rose to INR 938.35 lakh from INR 742.01 lakh in the previous year.

Financial Performance

The standalone financial performance for FY26 reflects a contraction across key metrics. The profit before tax (PBT) dropped to INR 482.59 lakh from INR 1,103.27 lakh in FY25. Earnings per share (EPS) declined to INR 0.24 from INR 0.66 in the previous year.

Segment Revenue

Revenue from the solar power plant operation business decreased to INR 1,707.04 lakh from INR 2,723.68 lakh in the previous year. Income from the manufacturing and sale of solar power systems rose to INR 573.45 lakh from INR 402.81 lakh, while revenue from the electric vehicle segment fell to INR 27.87 lakh from INR 96.02 lakh.

Dividend and Capital Changes

In view of the inadequate profits, the Board of Directors did not recommend any dividend for the financial year ended March 31, 2026. During the year, the paid-up share capital increased to INR 13,33,97,814, divided into 13,33,97,814 equity shares of INR 1 each, following the issuance of bonus shares to comply with minimum public shareholding requirements.