UJAAS Energy Limited has announced significant leadership changes following the demise of its Chairman & Managing Director and subsequent committee reconstitutions. The Board of Directors convened on February 21, 2026, to address these critical corporate governance matters and ensure business continuity.

Leadership Transition Following Chairman's Demise

The Board took note of the sad demise of Shri Shyamsunder Mundra (DIN: 00113199), Chairman & Managing Director of the Company, on February 1, 2026. Following this development, pursuant to Regulation 31A(6)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shri Shyamsunder Mundra shall cease to be part of the Promoter/Promoter Group of the Company.

To ensure operational continuity, the Board has resolved to grant interim signing authority to Mr. Anurag Mundra (Whole-Time Director) to act in the capacity of Chairman for signing purposes until a Chairman of the Company is duly appointed.

Risk Management Committee Reconstitution

In compliance with Regulation 21 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has reconstituted the Risk Management Committee with effect from February 21, 2026.

Corporate Social Responsibility Committee Restructuring

The Board has also reconstituted the Corporate Social Responsibility Committee in compliance with Section 135 of the Companies Act, 2013, effective from February 21, 2026.

CSR Policy Framework

The company has outlined a comprehensive CSR policy focusing on multiple areas of social impact. Key focus areas include:

• Environmental sustainability and promotion of green energy solutions
• Employment opportunities and improved working conditions
• Medical and sanitation facilities in underserved areas
• Education promotion for underprivileged children
• Rural development initiatives
• Women empowerment programs
• Agricultural research and poverty eradication efforts
• Skills development and vocational training
• Support for spiritual institutions and relief funds

The CSR Committee will be responsible for formulating the company's CSR strategy, monitoring policy implementation, reviewing projects, ensuring regulatory compliance, and maintaining stakeholder communication regarding CSR initiatives.

Board Meeting Details

The Board meeting was held on February 21, 2026, commencing at 02:30 P.M. and concluding at 05:10 P.M. The decisions were communicated to both the National Stock Exchange of India Ltd. and The Bombay Stock Exchange Limited in compliance with regulatory disclosure requirements.

Ujaas Energy Limited has issued a clarification to stock exchanges regarding recent significant movement in its equity share prices. The renewable energy company responded to specific queries from both BSE and NSE about the volatility observed in its shares.

Exchange Queries and Company Response

The company received formal inquiries from both major exchanges on February 06, 2026. NSE sent reference number NSE/CM/Surveillance/16445, while BSE issued reference number L/SURV/ONL/PV/SJ/2025-2026/3361, both seeking explanations for the notable price movements in Ujaas Energy's equity shares.

Compliance and Disclosure Statement

Ujaas Energy emphasized its commitment to regulatory compliance, stating that all necessary disclosures have been made in a timely and accurate manner. The company confirmed adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, particularly Regulation 30 governing disclosure requirements.

Key points from the company's clarification include:

• All material information has been disclosed appropriately
• No price-sensitive information has been withheld
• Continued commitment to inform exchanges of relevant developments
• Full compliance with disclosure principles and obligations

Market-Driven Movement

The company attributed the recent share price volatility entirely to market conditions. Ujaas Energy stated that the movement in its securities is purely market-driven, with no undisclosed corporate developments or material events contributing to the price fluctuations.

Corporate Governance

The clarification was signed by Sarvesh Diwan, Company Secretary and Compliance Officer (Membership No. A70139), demonstrating the company's formal approach to regulatory communication. The response reaffirms Ujaas Energy's commitment to transparency and regulatory compliance in its dealings with stock exchanges and investors.