The AR is out. Download Link
Key points:
1) Board has given approval to raise upto 500 Cr through equity/equity linked instruments. AR states the possible routes could be – ADR, GDR, FCCBs, NCDs, FCDs or direct equity.
2) The Company has made investment in the following foreign subsidiary Companies:
– Ujaas Energy Limited (Dubai)
– Ujaas Energy HK Limited (Hong Kong)
– Eizooba Energy one Limited. (Uganda)
Don’t know what these investments are about. Could be asked in an investor concall.
3) ESOPs scheme is being implemented. This is a good sign, shows that the promoters want to reward employees.
4) Debt down from 132 Cr to 110 Cr.
5) Key management personnel took a pay cut of 69% during the year due to poor financial performance of the company.
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