About Ujaas Energy Limited

Ujaas Energy Limited is a public company incorporated on June 09, 1999, headquartered at Indore, Madhya Pradesh, and listed on BSE and NSE. It develops, operates, owns and maintains solar power plants under its flagship brand “UJAAS” (“Light at the Dawn”), and is also active in electric scooters, combining cost-effective mobility with technology and environmental focus  . The company’s activities span generation of solar power; manufacturing, sales and services of solar power plants/projects; and manufacturing and sales of electric vehicles. It has set up solar parks at Ichhawar (Sehore), Gagorni (Rajgarh), Susner–Barod–Rojhani (Agar) and Bercha (Shajapur), all in Madhya Pradesh . As per the latest disclosures, Ujaas operates 14 plants and 1 office in India, serving 4 States, with no international plants or offices. Ujaas reported that it has no subsidiaries, associates or joint ventures as on March 31, 2025. 

Ujaas Energy Limited Milestones

Key milestones in the latest period include implementation of a resolution plan approved by the Hon’ble NCLT on October 13, 2023, under which all borrowings were settled; the auditors noted banks had not yet mirrored these settlements in their books as at March 31, 2025 . On the plan’s effective date, October 20, 2023, the company issued 10,00,00,000 equity shares by converting a portion of the loan; a further Rs 24,00,00,000 remained as a convertible loan pending conversion, with an undertaking to maintain Minimum Public Shareholding at conversion . The company also achieved 100% dematerialisation of its 10,66,26,581 shares by March 31, 2025. During the year, authorised share capital was increased to Rs 45,00,00,000.

Ujaas Energy Limited Business Segments

• Operation and Maintenance of Solar Plants: 73.48% of turnover.
• Manufacturing of Electronic Two Wheeler Vehicle: 26.52% of turnover.

Geography: Export revenue is Nil; operating facilities are located in India .

Ujaas Energy Limited Key Management

• Shyamsunder Mundra – Chairman & Managing Director
• Anurag Mundra – Whole Time Director & CFO
• Sarvesh Diwan – Company Secretary & Compliance Officer

Latest Updates on Ujaas Energy Limited

• Resolution Plan: NCLT approved a resolution plan on October 13, 2023; all borrowings were settled under the plan, though certain bank confirmations were pending alignment as at March 31, 2025.
• Equity Issuance under Resolution Plan: On the effective date, October 20, 2023, 10,00,00,000 equity shares were issued by converting a portion of the loan; Rs 24,00,00,000 remained as a convertible loan pending conversion, with MPS compliance to be maintained at conversion .
• Bonus Shares for MPS: The Board approved bonus issues to public shareholders to meet MPS—1:4 (13,25,309 shares) and 17:25 (45,06,049 shares) during the year.
• Capital Update: On June 02, 2025, the Board approved the 17:25 bonus to public shareholders, resulting in an increase in paid-up share capital to Rs 11,11,32,630.
• Share Dematerialisation: Shares were fully dematerialised by March 31, 2025 (100% of 10,66,26,581 shares).