Please find enclosed herewith Intimation of Postal Ballot Notice along with explanatory Statement, seeking approval of members of the Company, through electronic voting process (remote- e-voting).
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ultracab (India) Ltd has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting for three special business items. The first two items seek approval for material related party transactions: up to Rs. 200 Crores with Jigar Cables Limited (including sale/purchase of goods, services, and brand licensing at 2% commission on basic sales) and up to Rs. 25 Crores with Jigar Polymers Limited, both valid for one year. These transactions exceed the materiality threshold of Rs. 23.94 Crores (10% of the company's annual consolidated turnover of Rs. 239.43 Crores). The third item seeks ratification of the Cost Auditor's remuneration of Rs. 35,000 for FY ending March 31, 2026, payable to M/s Niketan Govindbhai Tadhani & Co. The remote e-voting window runs from January 9, 2026 to February 7, 2026, with results expected by February 10, 2026. All related parties will abstain from voting on Items 1 and 2.
This is a procedural compliance filing requiring shareholder approval for related party transactions that exceed regulatory thresholds. The Jigar Cables brand licensing arrangement introduces a new recurring revenue stream at 2% of basic sales. Shareholders should review the commercial terms and vote during the e-voting period; rejection of these resolutions could disrupt the company's ongoing business operations with related parties.