Please find enclosed herewith intimation regarding change in status of Wholly Owned Subsidiary.
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Awaiting price reaction for this filing.
Jigar Cables Ltd has informed BSE that its Wholly Owned Subsidiary, Jigar Polymers Limited, will be converted from a Public Limited Company to a Private Limited Company. The decision was approved by the Board of Jigar Polymers on March 14, 2026, but still requires shareholder approval, Regional Director (MCA) approval, and other statutory clearances. Once approved, the subsidiary's name will change to Jigar Polymers Private Limited. The company clarified that this is only a change in legal status and will not have any material impact on business operations.
This is a routine internal restructuring of a subsidiary with no expected impact on the parent's business, financials, or shareholders. It is unlikely to move the stock price.