Ultracab (India) Ltd

Ultracab (India) Limited: Trading window closed from Oct 01, 2026; will reopen 48 hours after the announcement/declaration of the Unaudited Financial Results for the quarter and half year ending Sep 30, 2026 to the Stock Exchange.

AGM Details

• AGM held on 19 September 2026 at 3:00 PM IST via VC/OAVM.
• Concluded at 3:46 PM; 15 minutes allotted for e-voting.
• Scrutinizer's Report dated 21 September 2026 submitted.

Resolutions and outcome

• Resolutions as per the Notice dated 12 August 2026 were put to vote; all passed.
• All resolutions passed with requisite majority.

AGM Details

• AGM held on 19 September 2026 at 03:00 PM IST via VC/OAVM.
• Venue deemed at registered office in Rajkot.
• Remote e-voting from 16 Sept 2026 09:00 to 18 Sept 2026 17:00; 15 minutes post.
• Concluded at 03:46 PM IST after the voting window.
• Quorum confirmed; key officers present and voting facilitated via NSDL.

Resolutions Presented

• Resolution 1 (Ordinary): Adoption of audited standalone financial statements for FY 2025-26.
• Resolution 2 (Ordinary): Re-appointment of director retiring by rotation.
• Resolution 3 (Ordinary): Ratification of remuneration of Cost Auditor for FY 2026-27.
• Resolution 4 (Ordinary): Continuation/renewal of Material Related Party Transactions with Jigar Cables Limited.
• Resolution 5 (Ordinary): Continuation/renewal of Material Related Party Transactions with Jigar Polymers Limited.
• Resolution 6 (Special): Ratification of appointment of Viralben Chetankumar Dave as Independent Director.
• Resolution 7 (Special): Ratification of appointment of Satish Kalkani as Independent Director.

Voting Results Disclosure

• Consolidated voting results to be disclosed to Stock Exchange and on company/NSDL websites.

E-voting cutoff and window

• Cut-off date for voting entitlement fixed as 12 September 2026.
• AGM scheduled for 19 September 2026.
• E-voting period runs 16–18 September 2026, 09:00 to 17:00 IST.
• NSDL to provide e-voting services.

Financial performance

• Revenue from operations: ₹26,010.08 lakh; up 8.63% YoY.
• Total income: ₹26,086.91 lakh; up about 8.85% YoY.
• PBT: ₹742.27 lakh; down 45.88% YoY.
• PAT: ₹558.81 lakh; down 42.53% YoY.
• EBITDA: ₹1,174.28 lakh; down 39.61% YoY.
• EPS (basic/diluted): ₹0.45 per share.
• Dividend: no dividend declared for FY2025-26.
• Net cash from operating activities: ₹547.21 lakh.
• Credit rating upgraded: IND BBB-/Stable; short-term IND A3.

Capital structure & liquidity

• Authorized capital ₹30 crore; issued & paid-up ₹24.5916 crore.
• Total borrowings ₹4,432.59 lakh; current ₹4,263.17 lakh; non-current ₹169.42 lakh.
• Net worth ₹9,271.05 lakh.
• Debt-equity ratio 0.70.
• Current ratio 2.30.
• Export sales ₹1,070.92 lakh.
• Total borrowings and liquidity metrics disclosed in notes.

Operational developments & strategy

• Launched MVCC and HT cables up to 33 kV; PCC added.
• Expanded product portfolio with strategic MVCC, HT cables, PCC initiatives.
• Capacity expansion underway to meet rising demand.
• Strengthened distribution network; pursuing export opportunities.

Governance & risk management

• Board size six; Vipul Patel resigned July 30, 2025.
• Shital Ashish Gajera appointed Independent Director from Sep 1, 2025; regularised Sep 26, 2025.
• Artiben Shingala re-appointed; Satish Kalkani appointed as Independent Director.
• Ten Board meetings; seven Audit Committee meetings in FY2025-26.
• Internal controls deemed adequate; going concern statement continued.

Related party transactions

• Material RPTs with JCL and JPL proposed renewal.
• JCL: aggregate up to ₹200 crore; JPL: up to ₹25 crore.
• RPTs to be conducted at arm's length; approvals by Board and AGM as applicable.

CSR & sustainability

• CSR expenditure for 2025-26: ₹20.51 lakh; average net profit ₹9.987 crore; 2% obligation ₹19.97 lakh.
• CSR projects include education and healthcare; partners listed in CSR annexures.

AGM & compliance disclosures

• 19th AGM scheduled for 19 September 2026 via VC/OAVM.
• Postal ballot results announced on 10 February 2026; no special resolutions via postal ballot.

AGM Details

• AGM date/time Sep 19, 2026 at 03:00 PM; VC/OAVM mode; voting record date Sep 12, 2026.

Key Resolutions

• Item 1: Adoption of standalone financial statements and reports (Ordinary).
• Item 2: Re-appointment of Artiben Shingala as Non-executive Director retiring by rotation.
• Item 3: Ratification of Cost Auditor remuneration for the year.
• Item 4: Continuation/renewal of material Related Party Transactions with JCL.
• Item 5: Continuation/renewal of material Related Party Transactions with JPL.
• Item 6: Ratification of Viralben Dave's Independent Director appointment for five years.
• Item 7: Ratification of Satish Kalkani's Independent Director appointment for five years.

Voting Results

• Item 1: Voting results not disclosed.
• Item 2: Voting results not disclosed.
• Item 3: Voting results not disclosed.
• Item 4: Voting results not disclosed.
• Item 5: Voting results not disclosed.
• Item 6: Voting results not disclosed.
• Item 7: Voting results not disclosed.

Directors & Appointments

• Re-appointment of Artiben Shingala as Non-executive Director.
• Viralben Chetankumar Dave ratified as Independent Director for five-year term.
• Satish Kalkani ratified as Independent Director for five-year term.

Auditors

• Cost Auditor remuneration for 2026-27 to be ratified.

Material Related Party Transactions

• RPTs with JCL include brand rights license and 2% royalty; aggregate up to Rs 200 Crores.
• RPTs with JPL include various transactions up to Rs 25 Crores.
• Promoters abstain from voting on Items 4 and 5.

Board and AGM updates

• Board approves unaudited standalone results for quarter ended June 30, 2026 with Limited Review Report.
• 19th AGM scheduled for Sep 19, 2026 at 03:00 PM via VC/OAVM.
• e-voting eligibility cut-off set at Sep 12, 2026.
• Notice of AGM and Annual Report to be circulated to members shortly.
• Directors' Report with annexures approved.
• Extracts of results to be published in newspapers per Listing Regulations.
• Results to be available on the company website.
• Board meeting held from 04:00 PM to 04:45 PM.