Jigar Cables reappoints KMPs, schedules 10th AGM for September 26
- Reappointed Sangitaben Vaghasiya and Ramnik Vaghasiya as KMPs for three years starting January 2, 2027
- Approved revised remuneration of up to ₹18,00,000 p.a. for Chairperson-cum-MD Sangitaben Vaghasiya
- Fixed 10th AGM for September 26, 2026, with share transfer books closed from September 20 to 26
- Approved material related-party transactions with Ultracab (India) Limited and Jigar Polymers Limited
*this image is generated using AI for illustrative purposes only.
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.
| Particulars | Sangitaben Vaghasiya | Ramnik Vaghasiya |
|---|---|---|
| Designation | Chairperson-cum-MD | Whole-Time Director |
| Term Start | January 2, 2027 | January 2, 2027 |
| Term End | January 1, 2030 | January 1, 2030 |
| Remuneration | Up to ₹18,00,000 p.a. | Up to ₹12,00,000 p.a. |
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.
Historical Stock Returns for Jigar Cables
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
How might the reappointment of the Vaghasiya family members signal Jigar Cables' strategic focus on continuity versus innovation in the competitive cable manufacturing sector?
What specific operational synergies or cost-saving measures are expected from the approved related-party transactions with Ultracab and Jigar Polymers?
Could the fixed remuneration structure for key managerial personnel impact executive retention or performance incentives over the next three-year term?
19
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
