Ujaas Energy Limited announced its Q3FY26 financial results, showing significant declines in revenue and profitability compared to the corresponding previous year period. The company's Board of Directors approved the unaudited financial results for the quarter and nine months ended December 31, 2025, in their meeting held on January 20, 2026.

Financial Performance Overview

The company's financial performance showed substantial year-on-year declines across key metrics for Q3FY26:

For the nine-month period ended December 31, 2025, revenue from operations declined 42.63% to ₹1,099.42 crores compared to ₹1,916.16 crores in the previous year. Net profit for the nine-month period was ₹273.80 crores, down 67.96% from ₹854.63 crores in the corresponding previous period.

Segment-wise Performance

The company operates across three main business segments with varying performance levels:

The solar power plant operations segment, which is the company's primary revenue driver, experienced a significant decline of 66.35% in Q3FY26. The manufacturing and sale of solar power systems segment showed positive revenue of ₹1.60 crores compared to negative revenue in the previous year.

Corporate Developments

During Q3FY26, the company allotted 222.65 lakh bonus shares to existing public shareholders, with promoters forgoing their entitlement to achieve Minimum Public Shareholding requirements. The Board approved a preferential issue of 1,275.70 lakh equity shares at ₹11 per share to non-promoter investors for cash consideration of ₹14,032.70 crores, which received shareholder approval on December 1, 2025.

For the nine-month period, other income included ₹395 lakhs from bad debts recovered and ₹173 lakhs interest income on arbitration award for a 15 MW solar power plant from Hindustan Aeronautics Limited, Nashik.

Auditor Qualification

The statutory auditors issued a qualified opinion regarding accrued interest income on fixed deposits with Axis Bank amounting to ₹4.41 lakhs for Q3FY26, which has not been credited by the bank. This creates a difference between the company's books and bank confirmation. The paid-up equity share capital increased to ₹1,333.98 crores as of December 31, 2025, compared to ₹1,066.27 crores in the previous year, reflecting the bonus share allotments during the period.

Ujaas energy Limited has scheduled a Board of Directors meeting for January 20, 2026, to review and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The announcement comes as part of the company's regulatory compliance obligations under SEBI guidelines.

Board Meeting Details

The board meeting is scheduled to commence at 2:30 PM on Tuesday, January 20, 2026, at the company's registered office. The meeting will be held at Survey No. 211/1, opposite Sector-C & Metalman, Sanwer Road, Industrial Area, Indore, Madhya Pradesh.

Trading Window Closure

In accordance with the company's Code of Conduct for Prevention of Insider Trading and SEBI (Prohibition of Insider Trading) Regulations, 2015, Ujaas Energy has implemented a trading window closure. The trading window, which began closing from January 1, will remain shut until 48 hours after the declaration of the unaudited financial results for Q3FY26.

This measure ensures compliance with insider trading regulations and maintains market integrity during the period leading up to and immediately following the financial results announcement.

Regulatory Compliance

The board meeting notification has been issued pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally communicated this information to both major stock exchanges where its shares are listed.

The announcement was signed by Sarvesh Diwan, Company Secretary & Compliance Officer, ensuring proper authorization and compliance with corporate governance requirements. This notification serves as the company's formal compliance with SEBI regulations, SEBI guidelines, and applicable corporate laws.