Ujaas Energy Ltd: The share price of power generated company Ujaas Energy will be in focus during the trading session between September 16-20. This is because the company is going to ex-date its upcoming bonus issue in the ratio of 1:4 in five days. Let us tell you that Ujaas Energy is going through the bankruptcy process. Therefore, the company’s shares are not trading since September 9. Its last share price is Rs 532.65. This is also its new 52-week high price. Its 52-week low is Rs 2.05. Let us tell you that this stock has climbed 1900% in the last six months. During this time its price has increased from Rs 27 to the current price.
Ujaas Energy Bonus Shares
The company is going to offer bonus shares to investors in the ratio of 1:4. That is, the company will issue 1 free share for every four existing equity shares. According to the regulatory filing, the board has considered and approved the allotment of bonus shares and has also approved Friday, September 20, 2024 as the record date for allotment of bonus shares.
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company business
Ujaas Energy Limited is the first company in the country to manufacture and sell solar RECs from a 2 MW solar power plant commissioned in March 2012 at Rajgarh (Madhya Pradesh). The company also manufactures transformers and panel meters for energy controllers. Currently, Ujaas Energy stock on BSE is placed under trading restrictions due to IBC. In fact, the stock is under IRP.