UCAL Appoints New CEO, Approves Cost Auditor, and Fixes Date for 40th Annual General Meeting
UCAL LIMITED announced significant decisions following its Board meeting held on August 13, 2026, including the appointment of a new Chief Executive Officer (CEO), approval of a cost auditor, and setting the date for the company's forthcoming 40th Annual General Meeting (AGM).The Board formally approved the appointment of Mr. Adithya Srivatsa Jayakar as the Chief Executive Officer (CEO) of UCAL LIMITED, effective from August 13, 2026. Mr. Jayakar will continue to hold the position of Deputy Managing Director (DMD), integrating both executive roles within his responsibilities.
Mr. Adithya Srivatsa Jayakar currently serves as the Deputy Managing Director and holds extensive management experience in the Automotive Industry. His background includes wide knowledge and experience across general management, sales, marketing, operations management, supply chain management, and finance. He has worked with all departments including research and development, purchasing, and operations. The Board noted that his leadership capabilities are well suited to guide the company's executive management.
Key details regarding Mr. Jayakar’s appointment include:
| Particular | Description |
|---|---|
| Reason for Change | Appointment as Chief Executive Officer (CEO) to provide continuity in executive leadership and management. |
| Date of Appointment/Cessation & Terms | Appointed as CEO on August 13, 2026, while continuing as Deputy Managing Director. |
| Disclosure of Relationship | He is the son of Mr. Jayakar Krishnamurthy, who serves as Managing Director. |
Cost Auditor and AGM Decisions
In a separate Board decision, approved following the Audit Committee's recommendation, Mr. L. Thriyambak, bearing Membership No. 40720, was appointed as the Cost Auditor for the Financial Year (FY) 2026-27, subject to confirmation by members at the subsequent Annual General Meeting.Mr. Thriyambak is a Practising Cost Accountant and a Commerce graduate, possessing 17 years of experience in various corporate functions including Finance, Accounts, Treasury, MIS, and audits. His professional experience spans the Power Industry, Media Industry, and Automobile ancillary Industry.
The company also approved its Board's Report, along with associated annexures, which included the Corporate Governance Report and the Management Discussion and Analysis Report for Financial Year 2025-26.
The details pertaining to the upcoming 40th Annual General Meeting (AGM) are as follows:
| AGM Detail | Information |
|---|---|
| Meeting Date | Tuesday, September 29, 2026 |
| Mode of Meeting | Video Conferencing / Other Audio-Visual Means |
| Voter Eligibility Cut-off Date | September 22, 2026 |
UCAL LIMITED has also authorized its Company Secretary to issue the notice convening the 40th Annual General Meeting to all eligible shareholders.
UCAL Stock Price Movement
UCAL LIMITED's shares closed today in positive territory, surging by 8.60% to settle at ₹126 after gaining ₹9.98. The equity saw a traded volume of 17,056 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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