Ujaas Energy to raise ₹140.33 crore via preferential issue for expansion
Ujaas Energy Limited (UEL) has announced changes made to Resolution No. 2 of the filed Notice of EOGM and the subsequent Corrigendum to the Notice of EOGM, which were approved by shareholders at the E...
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Why is Ujaas Energy Limited in the news today?
Ujaas Energy Limited (UEL) is in the news due to the company is raising capital through a preferential issue to fund expansion and strengthen its financial position, which is a positive development for future growth.
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Ujaas Energy to raise ₹140.33 crore via preferential issue for expansion
December 31, 2025, 06:10 AM
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Ujaas Energy Limited (UEL) has announced changes made to Resolution No. 2 of the filed Notice of EOGM and the subsequent Corrigendum to the Notice of EOGM, which were approved by shareholders at the Extra-Ordinary General Meeting (EOGM) held on December 1, 2025.
The company plans to issue 12,75,70,000 (Twelve Crores Seventy-Five Lakhs Seventy Thousand) Equity Shares to Non-Promoters on a preferential allotment basis for a cash consideration of ₹140.33 crore.
This preferential issue is part of UEL's strategic capital-raising initiative to strengthen its financial position and support future growth and expansion. The utilization of the issue proceeds is estimated as follows:
Capital expenditure for facilities producing green elements (copper, aluminum, hydrogen) and solar power plants: ₹25.00 crore (up to 24 months).
Working Capital: ₹79.25 crore (up to 24 months).
General Corporate Purpose: ₹35.08 crore (up to 24 months).
Issue Expenses: ₹1.00 crore (up to 6 months).
The allotment is subject to conditions precedent, including in-principle approval from stock exchanges and approval from the company's members. For the interim period, until funds are utilized or the timeline expires, the received funds will be deposited in bank fixed deposits and/or invested in debt mutual funds.
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