UCAL LIMITED announced the outcome of its Board of Directors meeting held on July 8, 2026. The board approved the re-appointment of Mr. Jayakar Krishnamurthy as Managing Director, designated as Chairman and Managing Director, for a term of five years from September 1, 2026, to August 31, 2031. This re-appointment is subject to shareholder and other necessary statutory approvals. Additionally, the board approved an increase in the managerial remuneration of Mr. Adithya Srivatsa Jayakar, the Deputy Managing Director. The re-appointment of Mr. Ram Ramamurthy as Whole-Time Director for a term of two years, from September 4, 2026, to September 3, 2028, was also approved, pending shareholder consent. Furthermore, the company approved the re-appointment of Mr. Ramachandran Sundar as a Non-Executive and Independent Director for a second term of five years, effective November 13, 2026, to November 12, 2031. Mr. Abhaya Shankar was re-appointed as a Non-Executive Non-Independent Director for a further term of two years, from November 14, 2026, to November 13, 2028, both subject to shareholder approval. The board also approved the draft Postal Ballot Notice to seek shareholder consent for these appointments and re-appointments through e-voting. M/s. P Muthukumaran and Associates have been appointed as the Scrutinizer for the postal ballot process. The cut-off date for sending the postal ballot notice and determining eligible shareholders was fixed as July 3, 2026. The meeting commenced at 7:15 PM and concluded at 7:45 PM.
