Jigar Cables approved the continuation of Parshotambhai Laljibhai Vaghasiya as a director and fixed his remuneration at up to ₹12,00,000 per annum for three years. The decision requires shareholder approval at the upcoming annual general meeting.

The board meeting held on September 1, 2026, followed a recommendation from the Nomination and Remuneration Committee. The remuneration package includes variable pay, perquisites, and other allowances or benefits. It covers the period from September 29, 2026, to September 28, 2029.

Director Profile and Relationships

Parshotambhai Laljibhai Vaghasiya has served as a director since the company's incorporation. He holds a diploma in mechanical engineering and manages operational affairs. He is 78 years old.

The disclosure highlights family ties within the management structure:

• Father-in-law of Sangita Niteshbhai Vaghasiya, Managing Director
• Father of Ramnik P. Vaghasiya, Whole-time Director

Regulatory Compliance

The company filed the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This aligns with SEBI Master Circular SEBI HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The filing details the reason for change, term of appointment, and relationship disclosures.

Jigar Cables has reappointed its key managerial personnel for a further three-year term and scheduled its 10th annual general meeting. The board also approved material related-party transactions with Ultracab (India) Limited and its wholly owned subsidiary, Jigar Polymers Limited.

The meeting took place on August 24, 2026, at the company’s registered office in Gondal, Gujarat. Directors approved the re-appointment of Smt. Sangitaben Niteshbhai Vaghasiya as Chairperson-cum-Managing Director and Shri Ramnik Parshottambhai Vaghasiya as Whole-Time Director. Both appointments are effective from January 2, 2027, until January 1, 2030.

Key Managerial Personnel Appointments

Sangitaben Niteshbhai Vaghasiya will receive a revised remuneration of up to ₹18,00,000 per annum. She holds a Diploma in Automobile Engineering and brings over 20 years of industry experience. As the daughter-in-law of a promoter, she oversees overall management and operations.

Ramnik Parshottambhai Vaghasiya will continue at his existing remuneration of up to ₹12,00,000 per annum. Holding a Diploma in Mechanical Engineering with more than 20 years of experience, he manages day-to-day business activities. He is the son of a promoter.

These appointments require approval from members at the ensuing AGM. The board also approved the Director’s Report for FY25-26 along with its annexures.

Related Party Transactions

The board approved material related-party transactions with:

• Ultracab (India) Limited
• Jigar Polymers Limited (wholly owned subsidiary)

These approvals cover the period from the conclusion of the current AGM until the next AGM. Member approval is required for these transactions.

AGM Details

The 10th Annual General Meeting is fixed for Saturday, September 26, 2026, at 11:30 am. It will be held at the registered office in Gondal, Rajkot district. The cut-off date for voting eligibility is September 19, 2026. The register of members and share transfer books will remain closed from Sunday, September 20, 2026, to Saturday, September 26, 2026.