Enclosed herewith outcome of the postal ballot.
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Jigar Cables Ltd has announced the results of its postal ballot conducted via remote e-voting from January 9, 2026 to February 7, 2026. All four resolutions were passed by shareholders with 100% votes in favour and zero dissent. The resolutions include: (1) approval of material related party transactions with Ultracab (India) Limited, (2) ratification of the Cost Auditor's remuneration for FY ending March 31, 2026, (3) increase in the company's borrowing limits under Section 180(1)(c), and (4) approval to create charges, mortgages, and hypothecation on the company's movable and immovable assets under Section 180(1)(a). Notably, voter turnout was very low — only 1.70% of paid-up equity capital voted on the related party transaction (1.53 lakh shares), while 29.88% voted on the other three resolutions (26.93 lakh shares). The company has 184 members on record as of the cut-off date.
Shareholders have cleared the path for Jigar Cables to undertake material related party transactions with Ultracab (India) Limited, raise additional debt, and pledge company assets as collateral. While the unanimous approval removes a regulatory hurdle, the very low participation (especially just 1.70% on the related party resolution) means minority shareholders had little say on a potentially significant related-party deal.