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.

Ujaas Energy Limited (NSE: UEL, BSE: 533644) has released its unaudited financial results for the quarter and half-year ended September 30, 2025, revealing a mixed performance with revenue growth but a shift to loss in the quarterly figures.

Financial Performance

The company reported the following key financial metrics for Q2 FY2026:

For the half-year period:

Despite a modest increase in revenue, Ujaas Energy faced a significant downturn in its quarterly performance, swinging from a profit to a loss compared to the same quarter last year. The half-yearly profit, while positive, showed a decline from the previous year.

Operational Segments

Ujaas Energy operates in two primary segments:

1. Solar power plant operations
2. Manufacturing and sale of solar power systems

Corporate Actions

The Board of Directors has approved two significant corporate actions:

Preferential Issue

The company will issue 1,275.70 lakh equity shares at ₹11 per share.

Bonus Shares

A bonus share allotment of 222.65 lakh shares to public shareholders in a 2:1 ratio.

These actions are aimed at strengthening the company's capital structure and rewarding shareholders.

Auditor's Observations

The company's auditors, Ashok Khasgiwala & Co. LLP, have issued a qualified opinion in their limited review report. Key points include:

Interest Income Discrepancy

Accrued interest income of ₹6.79 lakhs on fixed deposits with Axis Bank for Q2 FY2026 has not been credited by the bank, leading to a difference between the company's books and bank confirmation.

Emphasis of Matter

The auditors noted a discrepancy related to borrowings settled under a resolution plan approved by NCLT. While the company has recorded the settlement in its books, Axis Bank has not reflected this, resulting in an outstanding balance of ₹735.93 lakhs.

Looking Ahead

While Ujaas Energy faces challenges in its quarterly performance, the approved corporate actions suggest the company is taking steps to strengthen its financial position. The management's ability to address the auditor's concerns and improve operational efficiency will be crucial in the coming quarters. The solar energy market continues to present opportunities, and Ujaas Energy's dual focus on power plant operations and solar system manufacturing positions it to potentially capitalize on sector growth.