Ujaas Energy Ltd, a prominent player in the renewable energy sector, is making headlines as it gears up for an important board meeting scheduled for April 19, 2025. The company has announced plans to discuss the issuance of bonus shares, a strategic move aimed at aligning with the Minimum Public Shareholding (MPS) regulations set forth by the Securities and Exchange Board of India (SEBI). This decision is expected to bolster investor confidence and further enhance the company’s market presence.

Board Meeting to Explore Bonus Shares

In its official communication, Ujaas Energy revealed that the upcoming board meeting will focus on the proposal to issue bonus shares to current public shareholders. This initiative is in compliance with Rules 19(2)(b) and 19A of the Securities Contracts (Regulation) Rules (SCRR), along with Regulation 38 of SEBI’s Listing Obligations and Disclosure Requirements (LODR).

The agenda for the upcoming meeting also includes:

• Appointing a Scrutinizer for the forthcoming Extraordinary General Meeting (EGM).
• Finalizing the book closure and cut-off dates for e-voting.
• Approving the draft notice for the EGM, outlining the meeting’s date, time, and location.

Understanding Bonus Shares

Bonus shares are additional stocks distributed to existing shareholders at no extra cost, proportionate to their current holdings. For instance, in a 1:1 bonus issue, shareholders receive one new share for each share they own. These shares are drawn from the company’s retained earnings or profits, ensuring no cash outlay from the shareholders.

Ujaas Energy is not new to rewarding its investors; back in September 2022, the company issued one bonus share for every four shares held (1:4), demonstrating its commitment to profit sharing and enhancing stock liquidity.

A Leader in Renewable Energy

Founded in 1999, Ujaas Energy has been a pioneer in India’s solar power landscape. The company specializes in solar engineering, procurement, and construction (EPC), providing comprehensive renewable energy solutions under its recognized “UJAAS” brand. With an installed capacity of approximately 14 MW and over 235 MW of developed solar power plants, Ujaas caters to clients through innovative platforms such as Ujaas Park, Ujaas My Site, and Ujaas Home.

In addition to its solar focus, Ujaas Energy manufactures transformers and has expanded into the electric vehicle market with its own two-wheeler brand, E-Spa.

Exceptional Stock Performance

Ujaas Energy’s stock has exhibited remarkable growth, delivering astounding multibagger returns to its investors. Over the past year, the stock skyrocketed by 1,964%, while its five-year return is an astonishing 14,600%. The stock has shown resilience, gaining 15% in April after a dip of over 18% in March. It also climbed more than 7% in February following an 18.5% drop in January.

Given its impressive performance, commitment to shareholder rewards like bonus shares, and increasing prominence in the green energy sector, Ujaas Energy is attracting interest from both individual and institutional investors alike.

For more information on Ujaas Energy and its initiatives, visit Ujaas Energy’s official website or check out the latest updates on SEBI regulations.