Urja Global AGM Approves Director Appointments, ESOP, $500M Fundraise

Date: 22nd September, 2026

Dr. Anuradha Tomar

Designation: Non-Executive Independent Director
Type of change: Appointment
Effective date and term: With effect from August 05, 2026 for initial term of five consecutive years
Profile: Academician and researcher with 15 years experience in academics, research and administration. Currently Associate Professor, Department of Electrical Engineering, Faculty of Technology, University of Delhi since December 2025. Previously Assistant Professor at Netaji Subhas University of Technology (NSUT), Delhi and Postdoctoral Researcher at Eindhoven University of Technology, The Netherlands. Holds Ph.D. in Electrical Engineering from IIT Delhi, M.Tech. in Power System from NIT Hamirpur, and B.E. in Electronics Instrumentation & Control Engineering from University of Rajasthan. Research interests include energy management, operation and control of microgrids, and solar photovoltaic applications. Granted 9 patents and authored more than 90 publications.
Relationship with other directors: Not related to any of the existing directors
Verification: Not debarred from holding office of director by virtue of any SEBI order or other authority

Dr. Gopalsetty Prasad Rao

Designation: Non-Executive Independent Director
Type of change: Continuation upon attaining age of 75 years
Effective date: July 01, 2027 (upon attaining age of 75)
Profile: Possesses rich experience in corporate governance, management and business administration. Provided valuable guidance to the Board and significantly contributed to the Company's governance framework and strategic decision-making.
Verification: Not debarred from holding office of director by virtue of any SEBI order or other authority

Mr. Mohan Jagdish Agarwal

Designation: Managing Director
Type of change: Re-appointment
Effective date and term: With effect from November 13, 2026 for further period of five years
Profile: Seasoned business leader with extensive experience in renewable energy sector and corporate management. Played significant role in growth and strategic development of the Company. Possesses rich experience in business administration, finance, marketing and overall corporate affairs.
Verification: Not debarred from holding office of director by virtue of any SEBI order or other authority

Mr. Yogesh Kumar Goyal

Designation: Whole-Time Director
Type of change: Re-appointment
Effective date and term: With effect from August 05, 2026 for further period of five years
Profile: Extensive experience in business management, administration and strategic planning. Associated with Company for several years, played key role in operational and business growth. Expertise in corporate management and renewable energy sector.
Verification: Not debarred from holding office of director by virtue of any SEBI order or other authority

UGL ESOP Scheme 2026 \"Urja For All\"

Option Pool: 56,00,000 (Fifty Six Lakhs) employee stock options
Conversion: Each Option convertible into 1 Equity Share of face value Re.1/- each
Administration: Nomination and Remuneration Committee of the Company
Implementation: Direct route for fresh allotment from the Company
Adjustment: Option pool subject to adjustment for bonus issue, right issue, stock splits/sub-division of shares, consolidations of shares, merger, demerger, reconstitution, spin-off, amalgamation, reclassification of capital or other reorganization
Extension: Approved extension of grant to employees of Subsidiary Company, incorporated in India or outside India

Amount: Up to USD 500 Million
Instruments: Issuance of securities including convertible instruments, warrants and debt instruments
Methods: Qualified Institutional Placement, Foreign Currency Convertible Bonds (FCCBs), Rights Issue, Further Public Offering, Private Placement, or any combination thereof
Tranches: One or more tranches

Dividend Declaration or Non-Declaration: Not Specified

Financial Results: Not Specified

Auditor's Report: Not Specified

Disinvestment / Strategic Actions: Not Specified

Media Release / Investor Communication: Not Specified

Other Operational / Legal / Strategic Disclosures: Not Specified