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.

Jigar Cables Limited has formally notified BSE Limited about the appointment of Mrs. Nupur Arora as Company Secretary and Compliance Officer. The company submitted the official intimation to the Corporate Governance Department of BSE Limited (SME Platform) on March 14, 2025, in compliance with regulatory requirements.

Board Approval and Appointment Details

The Board of Directors approved Mrs. Arora's appointment on March 14, 2026, following a recommendation from the Nomination and Remuneration Committee. The appointment will take effect from March 26, 2026, with Mrs. Arora designated as Key Managerial Personnel (KMP) of the company.

Professional Background and Qualifications

Mrs. Nupur Arora brings substantial expertise to her new role at Jigar Cables Limited. She is a qualified Company Secretary and a member of the Institute of Company Secretaries of India (ICSI), with extensive experience in corporate governance, secretarial compliances, and regulatory matters. She possesses strong knowledge of corporate laws, SEBI regulations, and compliance management.

Her educational qualifications include:

• Bachelor's degree in Commerce
• Post-graduate degree in Commerce
• Bachelor of Laws (LL.B.) degree
• Professional qualification as a Company Secretary

Regulatory Compliance Framework

The appointment has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as mandated under the SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company Information

Jigar Cables Limited operates from its registered and corporate office located at Plot No. 164/14 & 15, Jamwadi GIDC - 2, Gondal - 360 311, Dist. Rajkot, Gujarat. The company maintains various industry certifications including ISO 9001:2015, IS: 694, IS: 1554, and IS: 14255, along with ERDA approval, demonstrating its commitment to quality standards and regulatory compliance. The appointment was signed by Ramnik P. Vaghasiya, Whole-Time Director (DIN: 06965718).