Jigar Cables Limited has announced a significant milestone in its expansion plans with the commencement of commercial production at its new manufacturing facility. The company has begun producing conductors, which are semi-finished products and key components for Medium Voltage Control Cables (MVCC), effective March 30, 2026.

Production Commencement Details

The company filed its regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing stakeholders with an update on the manufacturing facility's operational status. This development follows the company's earlier intimation dated December 31, 2025, regarding the proposed commencement of commercial production at the new unit.

Future Production Timeline

While conductor production has begun, Jigar Cables indicated that full-scale commercial production of MVCC and HT cables is expected to commence within the next two to three months. The company attributed this timeline to ongoing operational stabilization processes and the completion of remaining production processes at the facility.

Manufacturing Focus

The new facility is specifically designed for the production of:

• MVCC (Medium Voltage Control Cables): Industrial cables used for power transmission and control applications
• HT (High Tension) Cables: High-voltage cables for electrical power transmission
• Conductors: Semi-finished products that serve as core components for cable manufacturing

Company Information

Jigar Cables Limited operates under CIN L28999GJ2017PLC095651 and trades on the BSE SME platform with script code 540651. The company's registered and corporate office is located at Plot No. 164/14 & 15, Jamwadi GIDC - 2 Gondal - 360 311, Dist. Rajkot, Gujarat. The company holds multiple certifications including ISO 9001:2015 and various IS standards, demonstrating its commitment to quality manufacturing processes.

Jigar Cables Limited has announced a significant corporate restructuring involving its wholly owned subsidiary. The company has informed BSE Limited about the proposed conversion of Jigar Polymers Limited from a Public Limited Company to a Private Limited Company.

Board Approval and Regulatory Framework

The Board of Directors of Jigar Polymers Limited approved this conversion proposal during their meeting held on March 14, 2026. This decision was communicated to the stock exchange in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Required Approvals and Process

The conversion process requires multiple levels of approval before implementation. The company has outlined the necessary regulatory clearances that must be obtained:

• Approval from shareholders of the subsidiary company
• Approval from the Regional Director, Ministry of Corporate Affairs
• Other statutory approvals as may be required under applicable laws

Name Change and Legal Implications

Upon successful completion of all required formalities under the Companies Act, 2013, the subsidiary will undergo a name change. The entity will be renamed from "Jigar Polymers Limited" to "Jigar Polymers Private Limited" to reflect its new corporate structure.

Business Impact Assessment

The company has emphasized that this restructuring is purely a legal status modification. Management has clarified that the conversion will not have any material impact on the business operations of either the parent company or the subsidiary. The change affects only the corporate structure and regulatory compliance requirements.

Communication and Compliance

The announcement was signed by Ramnik P. Vaghasiya, Whole-Time Director with DIN 06965718, and digitally authenticated on March 14, 2026. This communication ensures transparency with stakeholders and maintains compliance with stock exchange disclosure requirements for material corporate actions involving subsidiaries.