Meeting Details
- Type of Meeting: Postal Ballot through remote e-voting only
- Cut-off Date: Thursday, October 15, 2026
- Board Meeting Date: October 15, 2026
Proposed Resolution
SPECIAL BUSINESS - ITEM NO. 1
To consider and approve the raising of funds by way of Qualified Institutions Placement in one or more tranches
Key Resolution Details:
- Aggregate amount: Up to ₹1,200 Crore (Indian Rupees One Thousand Two Hundred Crore only)
- Types of securities: Equity shares, preference shares, convertible debentures, non-convertible debentures with warrants, or any combination
- Purpose: Broadening public shareholding base and achieving Minimum Public Shareholding (MPS) requirements under SCRR
- Potential uses of proceeds: Capital expenditure, repayment of existing borrowings, working capital requirements, general corporate purposes
- Maximum utilization for general corporate purposes: 25% of net proceeds
- Tentative utilization timeline: By end of fiscal year 2027-2028
QIP-Specific Conditions:
- Allotment only to Qualified Institutional Buyers (QIBs)
- Completion within 365 days from resolution passing date
- No allotment to promoters or persons related to promoters
- Minimum allottees: 2 for issues ≤₹250 crores, 5 for issues >₹250 crores
- Maximum discount: 5% on floor price
- Lock-in period: 1 year from allotment date
- Monitoring agency required for issues >₹100 crore
Voting Process
- Method: Remote e-voting only (no physical polling or proxy voting)
- Service Provider: MUFG Intime India Private Limited
- Voting Period:
- Commencement: Friday, October 23, 2026 at 9:00 A.M.
- End: Saturday, November 21, 2026 at 5:00 P.M.
- Voting Rights: Proportional to share in paid-up equity share capital as on cut-off date
- Scrutinizer: Mr. Raghav Bansal (FCS No: 12328, COP No: 14869), proprietor of M/s Raghav Bansal & Associates, Practicing Company Secretaries
Compliance Framework
Legal Compliance:
- Sections 108 and 110 of Companies Act, 2013
- Rules 20 and 22 of Companies (Management and Administration) Rules, 2014
- Secretarial Standard-2 on General Meetings
- SEBI Listing Regulations, Regulation 44
- SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026
- MCA Circulars including General Circular Nos. 14/2020, 17/2020, 20/2020, and 03/2025
Regulatory Approvals Required:
- SEBI ICDR Regulations compliance
- Stock Exchange approvals (BSE and NSE)
- RBI approvals for foreign investment
- Other statutory/regulatory authorities as applicable
Document Availability
- Company website: https://www.utlsolarfujiyama.com/
- MUFG website: https://instavote.linkintime.co.in
- Stock exchange websites: www.bseindia.com and www.nseindia.com
Additional Information
- Company CIN: L31909DL2017PLC326513
- Contact: +91 9968309514, 9968309517, Email: investor@utlsolarfujiyama.com
- Scrip Symbols: UTLSOLAR (NSE), 544613 (BSE)
- RTA: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
Result Announcement
- Scrutinizer's report to be submitted within 2 working days from end of e-voting
- Results to be announced within 2 working days from conclusion of remote e-voting
- Results will be displayed on company website, MUFG website, and communicated to stock exchanges
- Resolution deemed passed on November 21, 2026 if approved by requisite majority