Ultracab (India) Limited has announced the successful completion of its postal ballot process, with shareholders approving all three proposed ordinary resolutions through remote e-voting. The voting period ran from January 09, 2026, to February 07, 2026, with results declared on February 10, 2026.

Postal Ballot Overview

The company conducted the postal ballot process entirely through electronic voting, in compliance with Ministry of Corporate Affairs circulars. CS Piyush Jethva, Practicing Company Secretary (Membership No. FCS 6377, COP No. 5452), served as the scrutinizer for the voting process. The company had 49,486 eligible members as of the cut-off date for voting.

Resolution Details and Voting Results

Shareholders considered and approved three ordinary resolutions with strong support across all proposals:

Resolution 1: Material Related Party Transactions with Jigar Cables Limited

Resolution 2: Material Related Party Transactions with Jigar Polymers Limited

Resolution 3: Cost Auditor Remuneration Ratification

E-Voting Process and Compliance

The remote e-voting facility was provided through National Securities Depository Limited (NSDL) platform. The company dispatched postal ballot notices electronically to members on January 08, 2026, and published newspaper advertisements in The Financial Express (English and Gujarati editions) on January 09, 2026.

The scrutinizer unblocked the votes on February 09, 2026, at 11:25 AM in the presence of independent witnesses Mr. Popat Harsh and Mr. Shukla Vishal, who are not employed by the company. The voting results and scrutinizer's report have been uploaded on the company's website at www.ultracabwires.com .

Corporate Governance Disclosure

Ultracab (India) Limited submitted the voting results and scrutinizer's report to BSE Limited under Regulations 30 and 44 of the SEBI Listing Regulations. The company's registered office is located at Survey No. 262, Behind Galaxy Bearing Ltd., Shapar (Veraval), Rajkot-360024, Gujarat, with additional corporate and head offices in Rajkot and Navi Mumbai respectively.

The successful completion of the postal ballot process demonstrates strong shareholder confidence in the company's proposed transactions and governance practices, with particularly high approval rates across all resolutions.

Ultracab (India) Limited announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, showing mixed performance with revenue growth offset by declining profitability. The Board of Directors approved these results in their meeting held on February 03, 2026.

Quarterly Financial Performance

The company's Q3FY26 results demonstrated contrasting trends in revenue and profitability metrics. While revenue showed healthy growth, profit margins came under pressure during the quarter.

The company's revenue from operations grew to ₹6,240.56 lakhs in Q3FY26 compared to ₹5,724.03 lakhs in Q3FY25. Total income increased to ₹6,265.56 lakhs from ₹5,729.56 lakhs, reflecting a 9.4% year-on-year growth. However, net profit declined significantly to ₹103.72 lakhs from ₹269.99 lakhs in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

The nine-month results for the period ended December 31, 2025, showed similar patterns with revenue growth accompanied by profit decline.

For the nine-month period, revenue from operations increased 8.2% to ₹18,020.09 lakhs compared to ₹16,648.17 lakhs in the previous year. Net profit for the nine months declined 41.9% to ₹425.96 lakhs from ₹733.36 lakhs in the corresponding period of FY25.

Cost Structure and Expense Analysis

The company's expense structure showed notable changes during Q3FY26, with cost of materials consumed representing the largest component at ₹5,439.78 lakhs compared to ₹4,961.91 lakhs in Q3FY25. Employee benefits expense increased to ₹138.17 lakhs from ₹116.82 lakhs, while financial costs decreased to ₹86.32 lakhs from ₹112.26 lakhs in the previous year quarter.

Financial Position and Key Ratios

The company's financial position showed improvement in several key metrics as of December 31, 2025.

The company's net worth increased substantially to ₹9,152.32 lakhs from ₹4,529.56 lakhs in the previous year, indicating strengthened financial position. The debt equity ratio improved significantly to 0.47 from 1.42, reflecting better capital structure management.

Regulatory Compliance and Tax Matters

Ultracab (India) Limited has adopted the new tax regime, recognizing provision for income tax at 25.17% for the quarter and nine months ended December 31, 2025. The company's financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and have undergone limited review by statutory auditors Bhavin Associates, Chartered Accountants. The results were reviewed by the Audit Committee and approved by the Board of Directors on February 03, 2026.