Ultracab (India) Limited has entered into a strategic Brand Usage Agreement with Jigar Cables Limited on January 05, 2026, as disclosed under Regulation 30 of SEBI LODR Regulations. The agreement represents a significant brand licensing arrangement that will allow the related party to leverage Ultracab's established brand presence in the cables industry.

Agreement Structure and Terms

The Brand Usage Agreement grants Jigar Cables Limited non-exclusive, non-transferable rights to use the ULTRACAB brand, trademark, and trade name solely for manufacturing and selling products under the established brand. The agreement's effectiveness remains conditional upon receiving requisite approval from the company's members.

Financial Terms and Revenue Structure

Under the agreement, Ultracab will receive financial compensation for granting brand usage rights and providing marketing support. The company has structured the arrangement to generate ongoing revenue from the brand licensing.

Related Party Transaction Details

The agreement constitutes a related party transaction as Jigar Cables Limited is a related party within the meaning of SEBI LODR Regulations. A director of Ultracab holds equity interest in Jigar Cables Limited, while relatives of the director hold both managerial positions and equity stakes in the counterparty.

Impact Assessment and Compliance

The Brand Usage Agreement has been structured to ensure minimal impact on Ultracab's operations while generating additional revenue streams. The company has confirmed that the arrangement does not impose any special restrictions or create management control issues.

Key impact considerations include:

• No impact on management or control of Ultracab
• No special, onerous, or financial restrictions imposed
• Quantifiable negative impact assessed as nil
• Standard provisions applicable to brand usage arrangements
• Compliance with SEBI LODR Regulations maintained

The agreement demonstrates Ultracab's strategy to monetize its brand value while expanding market presence through strategic partnerships. The five-year term provides stability for both parties while the 2.00% annual commission structure ensures ongoing revenue generation from the brand licensing arrangement.

Ultracab (India) Limited has announced the appointment of M/s Niketan Govindbhai Tadhani & Co., Cost Accountants, as Cost Auditor for the financial year ending March 31, 2026. The Board of Directors approved this appointment during their meeting held on December 31, 2025, following the recommendation of the Audit Committee.

Board Meeting Details

The Board meeting commenced at 03:15 p.m. (IST) and concluded at 03:40 p.m. (IST) on December 31, 2025. The appointment was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI Circulars dated July 13, 2023, and November 11, 2024.

Cost Auditor Appointment Details

The key details of the appointment are structured as follows:

Professional Profile of the Appointed Firm

M/s Niketan Govindbhai Tadhani & Co. is a firm of Cost Accountants with FRN: 003635, bringing extensive experience in conducting cost audits across diverse industries. The firm is founded and chaired by Mr. Niketan Tadhani, who holds impressive professional credentials.

Key Qualifications and Experience

Mr. Niketan Tadhani's professional background includes:

• Fellow Member of the Institute of Cost Accountants of India (FCMA) with Membership No. 33178
• Qualified Company Secretary
• MBA (Finance) from Gujarat University
• Over 12 years of professional experience

Service Portfolio

The firm's expertise spans multiple areas of financial and regulatory services:

• Cost audit assignments across various industries
• ROC and statutory compliances
• Direct and indirect taxation
• Management Information Systems (MIS)
• Transfer pricing advisory
• Project finance and subsidy advisory
• Banking services
• IT systems implementation
• Customized ancillary and advisory services based on client requirements

Regulatory Compliance

The appointment fulfills the company's regulatory obligations under Schedule III of the SEBI Listing Regulations. Ultracab (India) Limited has provided all required disclosures in compliance with the applicable SEBI circulars and regulations, ensuring transparency in the appointment process.

This appointment represents Ultracab (India) Limited's commitment to maintaining robust financial oversight and regulatory compliance for the upcoming financial year.