Ujaas Energy has announced a bonus issue of equity shares in a 17:25 ratio, meaning shareholders will receive 17 new shares for every 25 they hold. The last bonus issue was in September 2024 at a 1:4 ratio.
Ujaas Energy Limited (UEL) is engaged in the sale of solar power and setting up solar projects across three segments: engineering procurement and construction, solar park, and rooftop. The company also offers operations and maintenance services for these assets. With an installed capacity of 14 megawatt (MW) of solar power, UEL has set up more than 235 MW of solar power plants to date. Recently, the company entered the electric two-wheeler industry by launching E-Spa.
In a recent development, Ujaas Energy has announced a bonus issue of equity shares in a 17:25 ratio. This means shareholders will receive 17 new fully paid-up shares for every 25 existing shares they hold. The bonus issue, totaling approximately 45,06,049 shares, will be offered to public shareholders, excluding the promoter and promoter group. The shares will be issued from the company’s Securities Premium Reserve, Free Reserves, and Retained Earnings as of December 31, 2024. Following the bonus issue, the total share capital will rise from ₹10,66,26,581 to ₹11,11,32,630.
The bonus shares are expected to be credited within two months, subject to approval at the Extraordinary General Meeting (EGM)and regulatory approvals. This move is part of Ujaas Energy’s efforts to comply with the minimum public shareholding (MPS) requirements under SEBI regulations. EGM will be held on May 13, 2025.
The last time the company issued a bonus was in September of last year. The bonus ratio was 1:4, meaning that for every four equity shares, the company issued one free share. Ujaas Energy has a market capitalization of over ₹5,000 crore. The stock has touched a 52-week high of ₹709.05 and a 52-week low of ₹153.30
Disclaimer: The article is for informational purposes only and not investment advice.
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