Jigar Cables Limited has formally submitted its postal ballot voting results and scrutinizer's report to BSE Limited (SME Platform) following unanimous shareholder approval of all four proposed resolutions. The company announced the submission on February 10, 2026, pursuant to Regulations 30 & 44 of the SEBI Listing Regulations.

Regulatory Submission Details

The formal submission was made to the Corporate Governance Department of BSE Limited under script code 540651 and script ID "JIGAR". The submission included the scrutinizer's report dated February 09, 2026, issued by Mr. Piyush Jethva, Practicing Company Secretary (Membership No. FCS 6377, COP No. 5452).

Postal Ballot Process Overview

The remote e-voting process was conducted from January 09, 2026 at 09:00 a.m. to February 07, 2026 at 05:00 p.m., with 184 eligible members as on the cut-off date of January 02, 2026. The postal ballot notice was dispatched electronically on January 08, 2026, and newspaper advertisements were published in The Financial Express (English and Gujarati) on January 09, 2026.

Approved Resolutions

All four resolutions presented to shareholders received 100% approval with no dissenting votes recorded across ordinary and special resolutions:

Voting Participation Analysis

The voting participation showed significant variation across resolutions. The first resolution regarding material related party transactions received support from 153000 shares representing 1.70% of total paid equity capital through 10 voters, while the remaining three resolutions each received substantially higher participation with 2693000 shares representing 29.88% of total paid equity capital through 12 voters.

Compliance and Documentation

The postal ballot was conducted in strict compliance with Sections 108 & 110 of the Companies Act, 2013 read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, and Regulations 30 & 44 of the SEBI Listing Regulations. The scrutinizer's report and voting results have been uploaded on the company's website at www.sigmacab.com and formally submitted to BSE Limited.

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 submission was digitally signed by Ramnik P. Vaghasiya, Whole-Time Director (DIN: 06965718).

Jigar Cables Limited has issued a comprehensive postal ballot notice seeking shareholder approval for multiple strategic business initiatives through electronic voting. The notice, dated December 31, 2025, outlines four special business items requiring member consent.

Key Proposals Under Consideration

The company has presented four significant proposals for shareholder approval:

Material Related Party Transactions

The most significant proposal involves related party transactions with Ultracab (India) Limited, with an aggregate annual value not exceeding ₹200.00 crores. These transactions encompass various business activities including sale, purchase or supply of goods, property leasing, and service arrangements.

A key component involves non-exclusive brand usage rights, where Jigar Cables will pay commission at 2.00% of basic sales made under the Ultracab brand. The arrangement includes marketing, promotional and brand-building support from Ultracab (India) Limited.

Financial and Operational Expansion

The company seeks to increase its borrowing capacity to ₹100.00 crores, representing a significant enhancement of its financial flexibility. This expansion supports ongoing growth plans, particularly the establishment of Unit 2 for specialized cable production.

The proposed Unit 2 will focus on manufacturing HT cables, MVCC cables, and PCC cables at the recently acquired industrial property in Gomta, Gondal. To secure these borrowings, the company also seeks approval for creating charges, mortgages, and hypothecations on movable and immovable assets up to ₹100.00 crores.

Voting Process and Timeline

The remote e-voting facility will be available through NSDL's platform during the specified period:

Mr. Piyush Jethva, Practising Company Secretary, has been appointed as Scrutinizer to conduct the postal ballot process. The company will send voting instructions exclusively via email to registered shareholders, following MCA circulars regarding electronic communication.

Cost Auditor Appointment

Shareholders will also ratify the remuneration of M/s Sagar M. Kapadiya & Co., Cost Accountants, appointed as Cost Auditor for the financial year ending March 31, 2026. The proposed remuneration stands at ₹35,000.00 plus applicable taxes and actual out-of-pocket expenses.

The Board of Directors, led by Whole Time Director Ramnik P. Vaghasiya, recommends approval of all proposed resolutions, emphasizing their alignment with the company's strategic growth objectives and compliance with regulatory requirements.