Enclosed herewith the intimation under Regulation 30 of SEBI LODR, pursuant to Expansion of business activity by the Wholly Owned Subsidiary of the Company.
Price
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Awaiting price reaction for this filing.
Jigar Cables' Wholly Owned Subsidiary, Jigar Polymers Limited, is diversifying into manufacturing wooden and plywood cable drums for the electric wires and cable industry. The Board approved this expansion on May 21, 2026. The move is described as forward integration within the cable and allied industry segment. The change requires shareholder approval and other necessary clearances to alter the subsidiary's Memorandum of Association Object Clause. This represents a strategic expansion at the WOS level, not a new order or revenue event.
This is a positive long-term strategic signal as it signals vertical integration within the cable value chain, but it is at the WOS level and requires shareholder approval, so any stock price impact is likely limited and indirect in the near term.