Ucal Ltd

CEO Appointment

• Type: Appointment of Chief Executive Officer
• Name and designation: Adithya Srivatsa Jayakar, Deputy Managing Director
• Effective date: 13 August 2026; term: continues as DMD
• Reason: to provide continuity in executive leadership
• Brief profile: automotive industry experience; broad management, ops, supply chain
• Relationship: son of Managing Director Krishnamurthy Jayakar
• Disclosure: not debarred from director duties
• Board/committee impact: no changes reported

Financial results approved

• Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Limited Review Reports enclosed.

CEO appointment

• Adithya Srivatsa Jayakar appointed CEO with effect from 13 August 2026.

Cost auditor appointment

• Mr. L. Thriyambak appointed Cost Auditor for FY 2026-27, subject to AGM approval.

AGM and voting details

• 40th AGM fixed for 29 September 2026 via video conferencing.
• Cut-off date for voting fixed at 22 September 2026.

Financial results and auditor reports

• Board approved standalone and consolidated unaudited results for the quarter ended 30 June 2026.
• Limited Review Reports of the statutory auditors for both standalone and consolidated results enclosed.
• Audit Committee recommended and Board approved the unaudited results.
• Auditors' reports note no express audit opinion due to limited review.
• Notes indicate results prepared under Ind AS 34; single automotive components segment.
• Consolidated results include interim figures of UCAL Polymer Industries Limited and its subsidiaries.

Cost Auditor appointment

• Board approved L. Thriyambak as Cost Auditor for FY 2026-27, subject to AGM approval.

AGM approvals and timing

• Board approved Board Report, Corporate Governance and MD&A for FY 2025-26.
• AGM fixed for 29 September 2026 via video conferencing.
• Cut-off date for voting eligibility fixed at 22 September 2026.

CEO appointment

• Adithya Srivatsa Jayakar appointed CEO with effect from 13 August 2026; remains Deputy MD.

GST show cause notice

• Show cause notice received from State Tax Officer, Ambattur Circle, alleging GST discrepancies for FY 2022-23.
• Penalty of Rs 6.48 crores (including interest) demanded in the show cause notice.
• Period covered is FY 2022-23; authorities cite multiple ITC and supply-related items.
• Company believes SCN has no merits and will file a detailed reply with evidence.
• Actions to be taken by company: hearing opportunity; reply within prescribed timelines.

Resolutions proposed

• Purpose: Special resolutions to approve director re-appointments and remuneration via postal ballot.
• Item 1 (Special): Re-appoint Jayakar Krishnamurthy as Chairman and MD for 5 years; USD remuneration.
• Item 2 (Special): Increase remuneration of Adithya Srivatsa Jayakar as Deputy MD through 12 Nov 2029.
• Item 3 (Special): Re-appoint Ram Ramamurthy as Whole-time Director 4 Sep 2026–3 Sep 2028; remuneration terms.
• Item 4 (Special): Re-appoint Ramachandran Sundar as Independent Director for second term 13 Nov 2026–12 Nov 2031.
• Item 5 (Special): Re-appoint Abhaya Shankar as Non-Executive Non-Independent Director; remuneration Rs 2,00,000/month.
• Process: Cut-off date 3 July 2026; e-voting 15 Jul–13 Aug 2026; results by 17 Aug 2026.
• Outcome: Results to be announced by Aug 17, 2026.

Appointments/Resignations

• Re-appoint as MD (Chairman) for 5 years from 01 Sep 2026 to 31 Aug 2031, subject to shareholders.
• Re-appoint Ram Ramamurthy as Whole-Time Director for 2 years from 04 Sep 2026 to 03 Sep 2028.
• Re-appoint Ramachandran Sundar as Non-Executive Independent Director for 5 years from 13 Nov 2026 to 12 Nov 2031.
• Re-appoint Abhaya Shankar as Non-Executive Non-Independent Director for 2 years from 14 Nov 2026 to 13 Nov 2028.

Remuneration & Approvals

• Approved increase in managerial remuneration for Deputy Managing Director Adithya Srivatsa Jayakar.

Postal Ballot & Compliance

• Draft Postal Ballot Notice for approvals via e-voting.
• Appointed Scrutinizer M/s. P Muthukumaran and Associates for Postal Ballot.
• Fixed Cut-Off date 03 July 2026 for postal ballot notice mailing.

Dematerialisation processing

• Securities received for dematerialisation were confirmed to depositories and stock exchanges.
• Securities dematerialised have been listed on the stock exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled, and the registered owner updated within 15 days.
• Requests received during the period were processed and confirmed.
• No exceptions, delays, or non-compliance were reported.