UCAL CEO T Jaisankar resigns on health grounds, stays as employee

CEO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

UCAL · price

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Price reactionminutes from the announcement price · days from the prior close

+3.0%Reaction day

₹122.32

prior close

₹122.40

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+2.8% vs market

Auto Components & Equipments peers, median of 118sector+0.7%+2.3% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 2.3 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.0

10m

+2.0

15m

+2.0

30m

+1.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.0+0.2+2.8+0.7+2.3

Next day

+2.2+1.0+1.2+2.0+0.2

-5.0+0.7-5.7+2.3-7.3

-3.9+0.9-4.8+1.5-5.4

-4.3+0.2-4.5+1.3-5.7

-10.1-1.8-8.2-0.3-9.8

-6.6+1.4-8.0+1.0-7.5

15d

-2.7-0.6-2.1+0.7-3.4

-5.8+1.5-7.2+3.6-9.4

+20.3+4.5+15.8+2.6+17.7

+15.6+3.1+12.5+2.4+13.2

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 118Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

UCAL Limited informed the Exchange that Mr T Jaisankar has resigned as Chief Executive Officer effective June 30, 2026 due to health reasons. He will however continue as an employee of the company in a role to be decided by the Nomination and Remuneration Committee and Board. No successor has been named yet.

Likely market impact

CEO steps down for health reasons but stays on as employee, so continuity is largely preserved. Investors should watch for the successor announcement.