Postal Ballot for director re-appointments and remuneration approvals

UCAL Limited has dispatched a Postal Ballot Notice seeking shareholder approval through e-voting for 5 special resolutions. Items include re-appointment of Chairman and Managing Director Jayakar Krishnamurthy for 5 years (Sep 2026 to Aug 2031) with USD-denominated salary and commission up to 7.5 percent of net profits, increase in Deputy MD Adithya Srivatsa Jayakar remuneration (basic pay about Rs 3.30 lakh per month), re-appointment of Whole Time Director Ram Ramamurthy for 2 years, second term of Independent Director Ramachandran Sundar for 5 years, and re-appointment of Non-Executive Director Abhaya Shankar. E-voting runs 15 July to 13 August 2026.