UCAL LIMITED announces 40th AGM on Sep 29, 2026 for FY26 results & director re-appointment
UCAL LIMITED will hold its 40th AGM on September 29, 2026, to adopt FY26 audited financial statements. Mr. Abhaya Shankar is proposed for re-appointment as Director and will receive remuneration of ₹24 Lakhs for FY28. Cost Auditor Mr. L. Thriyambak's remuneration of ₹3 Lakhs for FY27 is also up for ratification. Remote e-voting is open from Sep 25-28, 2026.
This is a standard notice for an Annual General Meeting and does not contain any material new financial information or strategic changes that would significantly impact the company's operations or stock price.
The announcement is a routine notice for the Annual General Meeting, detailing agenda items like financial statement adoption, director re-appointment, and remuneration, which are standard corporate procedures.
UCAL LIMITED (formerly UCAL FUEL SYSTEMS LIMITED) has announced its 40th Annual General Meeting (AGM) scheduled for Tuesday, September 29, 2026, at 4:00 PM IST. The meeting will be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
The AGM will cover ordinary business, including the consideration and adoption of the audited financial statements for the year ended March 31, 2026, both standalone and consolidated, along with the reports of the Board of Directors and Auditors. Additionally, Mr. Abhaya Shankar (DIN:00008378), who retires by rotation, will be considered for re-appointment as a Director.
Special business includes seeking approval for the remuneration of Mr. Abhaya Shankar as a Non-Executive Non-Independent Director for the Financial Year 2027-28, amounting to ₹24,00,000 per annum (₹2,00,000 per month). Furthermore, the company proposes to ratify the remuneration of Mr. L. Thriyambak, Cost Accountant, as the Cost Auditor for the Financial Year ending March 31, 2027, at ₹3,00,000 per annum plus applicable taxes and reimbursement of out-of-pocket expenses.
The notice of the AGM and the Annual Report for the year 2025-26 have been dispatched to eligible shareholders. The company is providing a facility for members to exercise their voting rights electronically. Remote e-voting will commence on Friday, September 25, 2026, at 9:00 AM and conclude on Monday, September 28, 2026, at 5:00 PM. The cut-off date for determining eligibility for remote e-voting and voting at the AGM is September 22, 2026. Voting will also be available during the AGM for members who have not voted remotely.
A plain-language summary of a public exchange filing by UCAL LIMITED. Read the original for the full detail.