Ujaas Energy Limited — Important, 13-03-2025: Disclosure of material issue

UJAAS Energy Limited has received a Show Cause Notice from the GST Department for the periods of April 2021 to March 2022 and April 2022 to March 2023, demanding Rs. 51.19 Cr, including interest and penalties. The company emphasizes that this demand pertains to a timeframe when it was under Corporate Insolvency Resolution Process (CIRP). Following the approval of the Resolution Plan by the NCLT in October 2023, UJAAS asserts that any liabilities not included in the resolution plan should not be enforceable. The company plans to challenge the notice through legal avenues and will provide updates on any important developments regarding this matter.