Please find attached herewith intimation under regulation 30 of Listing regulations, pursuant to the execution of Brand Usage Agreement on January 05, 2026.
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Jigar Cables Ltd has signed a Brand Usage Agreement with Ultracab (India) Limited (UIL) on January 5, 2026, subject to shareholder approval. Under this deal, Jigar Cables gets a non-exclusive, non-transferable right to use the 'ULTRACAB' brand, trademark and trade name for making and selling its products. In return, Jigar Cables will pay UIL a royalty of 2% per year on basic sales of products sold under that brand. The agreement runs for 5 years and UIL is a related party, since a director's relative holds equity and managerial positions in UIL. The transaction is described as done at arm's length and has no impact on management or control of the company.
This is a related-party brand licensing deal, so shareholder approval will be needed before it becomes effective. The 2% royalty on sales is a recurring cost but should be modest in scale, and it gives Jigar Cables access to an established 'Ultracab' brand to potentially grow its cable business. No change in ownership or control is expected.