Ujaas Energy has provided detailed clarifications regarding its ₹140.33 crore preferential allotment of equity shares, following observations raised by NSE. The company has updated its fund utilization plan with specific allocations for green energy initiatives and operational requirements.

Preferential Issue Overview

The company's preferential allotment involves issuing 12.75 crore equity shares to non-promoters at ₹11.01 per share, raising a total of ₹140.33 crores. This strategic capital-raising initiative aims to strengthen the company's financial position for future growth and expansion.

Detailed Fund Utilization Plan

The company has provided a comprehensive breakdown of how the raised funds will be utilized across different business segments:

Green Energy Focus

A significant portion of ₹25 crores will be allocated for capital expenditure towards establishing facilities for green elements production, including copper, aluminum, hydrogen, and their derivatives. The funds will also support acquisition and construction of solar power plants, aligning with the company's sustainable energy initiatives.

Regulatory Compliance

The allotment is subject to receiving in-principle approval from stock exchanges and shareholder approval with requisite majority. The company has indicated a deviation tolerance of ±10% in fund allocation across specified objects, subject to applicable laws and regulatory compliance.

Until funds are utilized for designated purposes, they will be deposited in bank fixed deposits or invested in debt mutual funds, ensuring optimal capital management during the interim period.

Ujaaas Energy Limited has announced modifications to its Extra-Ordinary General Meeting (EGM) resolution following regulatory observations. The company issued a public announcement on December 12, 2025, under Regulation 30 of SEBI (LODR) Regulations, 2015, addressing changes made to Resolution No. 2 that was approved by shareholders at the EGM held on December 1, 2025.

Regulatory Compliance and Resolution Changes

The modifications were implemented in response to observations raised by the National Stock Exchange of India (NSE) through its notice dated December 2, 2025. The company has made specific changes to enhance clarity and understanding of the resolution details, particularly focusing on the ultimate beneficial ownership structure of proposed allottees.

Ultimate Beneficial Ownership Clarification

The primary changes involve clarifications to Paragraph 1 of Resolution (Item) No. 2 and Points 1 and 7 of the Explanatory Statement. The company has provided detailed information regarding the ownership structure of Efficient Tie-Up Pvt. Ltd., one of the proposed allottees.

Ownership Structure Details

According to the undertaking received from Efficient Tie-Up Pvt. Ltd., the majority shareholding of the company is held by Jyot International Marketing Limited. However, the company has clarified that there is no Ultimate Beneficial Owner (UBO) in Jyot International Marketing Limited, as no individual shareholder holds more than 10% of its shareholding.

Despite this ownership structure, Ujaaas Energy has mentioned Jyot International Marketing Limited as the UBO, maintaining consistency with previous disclosures made by the company. This approach ensures transparency and regulatory compliance while providing clear information to stakeholders.

Stock Exchange Communication

The announcement was simultaneously communicated to both major stock exchanges where the company's shares are listed. Ujaaas Energy trades on the National Stock Exchange under the symbol UEL and on the Bombay Stock Exchange with scrip code 533644. The company's registered office is located at Survey No. 211/1, opposite Sector-C and Metalman, Sanwer Road, Industrial Area, Indore-452015, Madhya Pradesh.

This regulatory filing demonstrates the company's commitment to maintaining transparency and compliance with listing obligations, ensuring that all material information is properly disclosed to investors and regulatory authorities.