Ujaas Energy LimitedUELNSE
Disclosure of material issue
RegulatoryDeterioratingMajormateriality 83 out of 100
What happened
FactDisclosure of material issue. The Company has received a Show Cause Notice (SCN) from the Goods. set aside of the said Show Cause Notice issued by the GST Department.
Why it matters
CapitSignal interpretationRegulatory action carries direct monetary penalties and can restrict how the business operates until it is resolved.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Order Book
WithdrawnEarlierQ1 FY18
Bid book is around 85 MW.
NowQ1 FY18
we are expecting that orders or allocation to come in next one month.
Change
FactGuidance withdrawn
Implication
CapitSignal interpretationThe earlier statement provided a specific figure for the bid book at 85 MW, while the current statement no longer mentions this figure and instead focuses on expectations for future orders.confidence 90%
Watch next
Fact- Quantum of penalty and whether it is appealed
- Any restriction placed on operations or licences
- Timeline given by the regulator
- Government of India has a target of putting up 100 gigawatt of solar power plant by 2022 out of that 40 GW has (management committed by FY22)
- we are expecting some allocation in one month’s time. (management committed by Q2 FY18)
Evidence
- Ujaas Energy Limited has informed regarding Disclosure of material issue(opens the original filing in a new tab)
- Earlier statement · Q1 FY18
- Latest statement · Q1 FY18
- Earlier statement · Q1 FY18
How CapitSignal classified this
- Reasoning:
- REGULATORY_ACTION base 78; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%