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.

Ultracab (India) Limited , a prominent player in the wires and cables industry, has released its unaudited standalone financial results for the quarter ended September 30, 2025, revealing a mixed performance with decreased revenue and profitability.

Key Financial Highlights

Revenue and Profit Performance

Ultracab India's revenue from operations for Q2 FY2026 stood at ₹5,766.05 crore, showing a quarter-on-quarter decrease of 4.11%. The company experienced a significant drop in net profit, which fell to ₹16.87 crore from ₹70.27 crore in the previous quarter, marking a 76.00% decline.

Earnings Per Share

The company's earnings per share (EPS) for Q2 FY2026 was reported at ₹0.68, a substantial decrease from ₹2.82 in the previous quarter, reflecting the impact of reduced profitability on shareholder returns.

Balance Sheet Overview

As of September 30, 2025, Ultracab India reported total assets of ₹14,120.51 crore. The company's net worth, including retained earnings, stood at ₹9,048.60 crore, showcasing its equity base.

Operational Insights

The cost of materials consumed for Q2 FY2026 was ₹4,819.09 crore, representing a significant portion of the company's expenses. This suggests that raw material costs continue to be a crucial factor in the company's operational efficiency and profitability.

Corporate Governance

The Board of Directors approved these results in a meeting held on November 10, 2025. The company has adopted a new tax regime with an income tax rate of 25.17%, which may impact its future tax liabilities and net profitability.

Looking Ahead

As Ultracab India navigates through market challenges, investors and stakeholders will be keenly watching how the company manages its costs and improves profitability in the coming quarters. The wire and cable industry's dynamics, coupled with the company's strategic initiatives, will play a crucial role in shaping its future performance.

Investors are advised to consider these results in the context of broader market trends and the company's long-term growth strategies when making investment decisions.