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.

Jigar Cables Limited has announced the appointment of M/s Sagar M. Kapadiya & Co., Cost Accountants, as its Cost Auditor for the financial year ending March 31, 2026. The Board of Directors approved this appointment on December 31, 2025, following a recommendation from the Audit Committee.

Board Meeting Details

The Board meeting was conducted on December 31, 2025, commencing at 02:15 p.m. (IST) and concluding at 02:50 p.m. (IST). The appointment was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Cost Auditor Profile and Expertise

The following table provides key details about the appointed Cost Auditor:

Professional Background

M/s Sagar M. Kapadiya & Co. operates as a proprietorship firm headed by CMA Sagar M. Kapadiya, who holds qualifications as a Cost and Management Accountant and is a Commerce Graduate from Gujarat University. The firm has been in professional practice since 2013, accumulating over a decade of specialized experience.

Service Capabilities

The appointed firm has developed comprehensive expertise across multiple areas:

• Cost audit and maintenance of cost accounting records under Section 148 of the Companies Act, 2013
• Design and implementation of robust costing systems
• Cost control and cost reduction mechanisms
• Profitability and variance analysis
• Strategic decision-support through cost management
• Comprehensive GST advisory and compliance services

Industry Experience

The firm has gained exposure across a wide range of manufacturing and industrial sectors, focusing on delivering value-driven, compliant, and industry-oriented cost management solutions aligned with statutory and business requirements. This broad sectoral experience positions the firm to understand the specific cost management needs of Jigar Cables Limited's cable manufacturing operations.

Regulatory Compliance

The appointment disclosure was made in compliance with Schedule III of the SEBI Listing Regulations and SEBI Circular dated November 11, 2024. The company has fulfilled all required regulatory disclosure obligations for this appointment, ensuring transparency with stakeholders and regulatory authorities.