1:4 Bonus Share: Energy Stock Sets Record Date For Allotment of Bonus Shares

Small cap company operating in power generation industry, Ujaas Energy Limited fixed September 20, 2024 as the record date for allotment of bonus shares. Last trading price of Ujaas Energy Limited shares on BSE is Rs 507.30 per share. Ujaas Energy Limited shares hit upper circuit on September 02, 2024. The company on July 15, 2024 recommended 1:4 bonus shares. Its market capitalisation stood at Rs 5,341.93 crore. As of now, trading has been restricted on account of IBC/ recommencement post IBC. Ujaas Energy shares rallied 22,547% so far this year. Check details below:

Ujaas Energy Sets Record Date: As per the regulatory filing of the company dated September 7, 2024, "With reference to the captioned subject, we hereby inform that the Board of Directors of the Company at its meeting held today i.e; 07th September, 2024 (commenced at 03:00 P.M. and concluded at 07:40 P.M.) have inter alia, considered and approved the allotment of bonus shares and has also approved Friday 20th September, 2024 as record date for allotment of bonus shares."

Ujaas Energy Share Performance: The 52-week high price of Ujaas Energy share on BSE is Rs 507.30 per share (as on 02/09/2024) and 52-week low price is Rs 2.05 per share (as on 01/11/2023), respectively. Ujaas Energy Limited shares offered return of 165% in last 3-months, surged 20030% in last 1-year, and rallied 15605% in last 2-years.

Board Gives Approval To Fundraise: Earlier this year on July 15, Board of Ujaas Energy approved proposal of fundraise of up to Rs 500 via qualified institutional placement, follow-on public offer, global depository receipts or rights issues.

About: Ujaas Energy Limited is the first company to generate & sell Solar REC in the country from its solar power plant of 2 MW commissioned in March 2012 at Rajgarh (Madhya Pradesh). It has been working in the field of engineering from more than three decades. It began its journey in 1979 at the business capital of Madhya Pradesh- Indore under the proprietorship named "M and B Switchgears". The company during its initial years was involved in manufacturing of transformers and panel meters for energy controlling. Currently, besides the transformer industry, Ujaas Energy Limited is contributing towards green energy. It has launched several new products and solutions for producing clean energy. The company aims at becoming the pioneer in "Generation of Green Energy", according to its official website.

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