Ujaas Energy Limited — Dividend/Bonus, 19-04-2025: Bonus
19-04-2025 | 06:13 pm
19-04-2025 | 06:13 pm
Ujaas Energy Limited's Board has approved a bonus issue of shares at a ratio of 17:25, meaning shareholders will receive 17 new equity shares for every 25 held, excluding the promoter group. Approximately 45,06,049 shares will be issued, utilizing free reserves, retained earnings, and the securities premium as of December 31, 2024. The bonus shares are expected to be credited within two months post shareholder approval during an Extra-Ordinary General Meeting. This move aims to comply with minimum public shareholding requirements and may enhance liquidity for existing shareholders.
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