Change in Management

Ujaas Energy Limited's Board approved the reappointment of Mr. Vikalp Mundra and the appointment/regularization of Mrs. Geeta Mundra as a Non-Executive, Non-Independent Director, who will also serve as the Chairman of the Company. The Board also approved enabling resolutions to borrow funds up to Rs. 1,000 Crores and to make investments/extend loans/guarantees under sections 185 and 186 of the Companies Act, 2013, all subject to shareholder approval at the ensuing Annual General Meeting.