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.

Ujaas energy has announced the unfortunate demise of its Chairman & Managing Director, Shri Shyamsunder Mundra, in a regulatory filing submitted to stock exchanges on February 2, 2026. The solar energy company informed that Shri Mundra passed away on February 1, 2026, marking a significant loss for the organization.

Leadership Tenure and Contribution

Shri Shyamsunder Mundra had been serving as a Director of the company since June 9, 1999, demonstrating nearly three decades of dedicated service. The company acknowledged his pivotal leadership role, stating that the organization immensely benefited from his guidance and vision throughout his tenure.

Regulatory Compliance and Impact

The company has filed the necessary disclosures under Regulation 30 and Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As per regulatory requirements, Shri Shyamsunder Mundra will cease to be part of the Promoter/Promoter Group of the company following his demise, in accordance with Regulation 31A(6)(c) of the SEBI LODR Regulations, 2015.

Company Response

Ujaas Energy described the passing as sudden and unexpected, calling it an irreparable loss to the organization. The company stated that all Directors and employees have conveyed their deep sympathy, sorrow, and condolences to his family during this difficult time. The regulatory filing was signed by Company Secretary & Compliance Officer Sarvesh Diwan, who submitted the required documentation to both BSE Limited and National Stock Exchange of India Limited.

Stock Exchange Notification

The formal intimation was sent to both major stock exchanges where Ujaas Energy is listed - BSE Limited (Scrip Code: 533644) and National Stock Exchange of India Limited (Symbol: UEL). The company has provided all required details as mandated by SEBI Listing Regulations in the annexure accompanying the main disclosure.