Enclosed herewith intimation under Regulation 30 of SEBI LODR pursuant to the Execution of Brand Usage Agreement on January 05, 2026.
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Ultracab (India) Ltd has entered into a Brand Usage Agreement with Jigar Cables Limited (JCL) on January 5, 2026. Under the deal, Ultracab grants JCL a non-exclusive, non-transferable licence to use the 'ULTRACAB' brand for manufacturing and selling products under that name for a period of five years. In return, the company will receive a royalty/commission of 2% per annum on the basic sale value of products sold by JCL under the brand. The agreement is conditional on shareholder approval and JCL is a related party, as the company's Director holds equity in JCL and relatives of the Director hold managerial positions there. The transaction is stated to be at arm's length and has no impact on management or control of Ultracab.
This is a modest brand monetisation deal that could generate recurring royalty income of 2% of JCL's relevant sales, but the scale is not disclosed and approval from shareholders is still pending. Related-party nature may attract scrutiny from investors, though the company confirms it is at arm's length with no change in control.