Jigar Cables has scheduled its 10th Annual General Meeting (AGM) for Saturday, September 26, 2026, at 11:30 am at its registered office in Gondal, Gujarat. The meeting aims to address critical governance matters, including the adoption of financial statements for FY26 and the re-appointment of key managerial personnel.

Key Agenda Items

The primary focus of the AGM is the renewal of leadership tenures. Shareholders will vote on the re-appointment of Smt. Sangita NiteshKumar Vaghasiya as Chairperson-cum-Managing Director and Shri Ramnik Parshottambhai Vaghasiya as Whole-Time Director. Both appointments are proposed for a three-year term commencing January 2, 2027, and ending January 1, 2030.

The Board also seeks approval for the payment of remuneration to Shri Parshottambhai Laljibhai Vaghasiya, a director who has been with the company since its incorporation in February 2017. Despite having attained the age of 78 years, his continued association is recommended based on his extensive experience and contribution to the company's affairs.

Related Party Transactions

A significant special resolution involves the continuation of material related-party transactions with Ultracab (India) Limited (UIL). The company proposes to renew existing arrangements and enter into new contracts with UIL for a period extending until the next AGM.

The aggregate value of these transactions is capped at ₹200 crore. The arrangement includes non-exclusive rights for Jigar Cables to use the UIL brand/trademark for manufacturing and sales. In return, Jigar Cables will pay a royalty/commission of 2% on basic sales made under the brand. The company states these transactions are conducted at arm's length and in the ordinary course of business.

Voting Details

Remote e-voting via the National Securities Depository Limited (NSDL) platform will be available from Wednesday, September 23, 2026, at 9:00 am, until Friday, September 25, 2026, at 5:00 pm. The cut-off date for determining voting eligibility is Saturday, September 19, 2026.

What the Numbers Show

The proposed remuneration structures highlight the company's reliance on its founding family for strategic continuity. Smt. Sangita NiteshKumar Vaghasiya’s proposed remuneration of up to ₹18 lakh per annum and Shri Ramnik P. Vaghasiya’s fixed remuneration of ₹12 lakh per annum both exceed the standard limits prescribed under Section 197 of the Companies Act, 2013. Consequently, shareholder approval via special resolutions is mandatory to validate these payments notwithstanding the absence or inadequacy of profits clauses.

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.