Ujaas Energy Completes 27th Annual General Meeting; Mrs. Geeta Mundra Appointed as Non-Executive Director and Chairman
Ujaas Energy Limited held its 27th Annual General Meeting (AGM) on Tuesday, July 14, 2026, at the Company’s Registered Office in Indore. The meeting, which lasted from 4:15 P.M. to 5:00 P.M., included the deliberation and passing of several key resolutions concerning the company's financial status and leadership structure.The AGM was chaired by Mrs. Geeta Mundra. Directors present at the meeting included the management team, though Mr. Vikalp Mundra was noted as absent. Representatives from the Statutory and Secretarial Auditors were also in attendance. Sarvesh Diwan, Company Secretary and Compliance Officer, welcomed members and conducted the proceedings after confirming that the requisite quorum was met.
The Chairperson addressed the assembled members, highlighting the company's performance during the financial year under review. The meeting progressed through various items of business as set out in the notice. Members were provided opportunities to seek clarifications regarding the financial statements and the company’s business, with responses provided by Mr. Anurag Mundra, Director & Chief Financial Officer.
The members transacted several important resolutions during the AGM, including:
| Item No. | Resolution Summary | Type of Resolution |
|---|---|---|
| 1. | To receive and adopt the audited standalone financial statements for the year ended March 31, 2026, along with reports from the Board and Auditors. | Ordinary Resolution |
| 2. | Re-appointment of a director in place of Mr. Vikalp Mundra, who retires by rotation. | Ordinary Resolution |
| 3. | Appointment of Mrs. Geeta Mundra (DIN: 00113261) as Non-Executive Director and Chairman. | Special Resolution |
| 4. | Approval for advanced loan or guarantee under Section 185 of the Companies Act, 2013. | Special Resolution |
| 5. | Approval under Section 186 of the Companies Act, 2013 for investments or loans to persons or body corporates. | Special Resolution |
| 6. | Power to borrow funds up to Rs. 1,000 crores under Section 180(1)(c) of the Companies Act, 2013. | Special Resolution |
Prior to the AGM, Ujaas Energy Limited had provided a remote e-voting facility for all resolutions, which was open from July 11, 2026, concluding on July 13, 2026. Members who attended the physical meeting were provided the option to vote via Ballot Paper, overseen by Scrutinizer Mr. Ashish Karodia.
The meeting concluded after all business was transacted and a vote of thanks was proposed by the Chairperson.
UEL Stock Price Movement
Shares of Ujaas Energy Limited slipped today to settle at ₹127.36 after the market close, shedding 0.98% from prior trading levels. The equity saw a volume of 2,450 shares traded and finished near its day low of ₹127.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.