Carburettors Limited, the promoter of Ucal Limited , has confirmed that it and its promoter group have not created any encumbrance on shares directly or indirectly during the financial year ended March 31, 2026. The disclosure was submitted to the National Stock Exchange of India in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011.

The filing confirms that no new encumbrances were established beyond those already disclosed. The submission covers the promoter and all members of the promoter group acting in concert. The document was signed by an authorised signatory on April 6, 2026, in Chennai.

Promoter and PAC Details

The disclosure lists the following entities as part of the promoter and promoter group for Ucal Limited:

The confirmation provides assurance to shareholders regarding the status of the promoter's holdings. The disclosure is a routine regulatory requirement intended to ensure transparency in the shareholding patterns of listed entities.

UCAL Limited reported a standalone net loss of ₹96.77 crore for the financial year ended March 31, 2026, a significant reversal from the net profit of ₹22.60 crore recorded in the previous year. The company’s board approved the audited financial results for the quarter and year ended March 31, 2026, on May 27, 2026. The deterioration in profitability was primarily attributed to exceptional items, specifically a write-down in the carrying amount of investments in its erstwhile foreign subsidiary, UCAL Holdings Inc., USA, following a dilution of its controlling interest.

Revenue from operations for the year increased to ₹646.64 crore, up from ₹582.80 crore in the prior year. For the quarter ended March 31, 2026, revenue stood at ₹181.35 crore. Despite the revenue growth, the company recorded a standalone net loss of ₹99.57 crore for the quarter, compared to a loss of ₹13.99 crore in the same period last year. The statutory auditors, R. Subramanian and Company LLP, issued an unmodified opinion on the standalone and consolidated financial results.

The exceptional items for the year included a charge of ₹103.68 crore related to the change due to the fair valuation of investments and a statutory impact of ₹2.39 crore arising from the new labour codes. These items significantly impacted the profit before tax, which turned negative at ₹91.98 crore for the year compared to a profit of ₹30.15 crore in FY25. On a consolidated basis, the company reported a net loss of ₹33.32 crore for FY26, widening from the net loss of ₹16.28 crore in the previous year.

Standalone Financial Performance

The board meeting, which commenced at 11:30 A.M. and concluded at 5:10 P.M., also approved the consolidated financial results. The audit committee had reviewed and recommended the results prior to the board's approval. The company operates in a single segment, Automotive Components, and prepared the results in accordance with Indian Accounting Standards (Ind AS).

Consolidated Financial Performance

The auditors highlighted an emphasis of matter in the consolidated report regarding reliance on the financial position certified by the management as of March 14, 2026, concerning the subsidiary UPIL USA, Inc. The consolidated results include the financials of UCAL Polymer Industries Limited and UPIL USA, Inc. The company’s total equity decreased to ₹2,796.66 crore in FY26 from ₹3,749.48 crore in the previous year on a standalone basis.