UCAL LIMITED Board Approves Re-appointments of Key Directors and Increases Remuneration for Deputy MD
The Board of Directors of UCAL Limited, during a meeting held on July 8, 2026, approved several significant appointments, re-appointments, and operational outcomes for the company. The board decisions included extending the terms of existing directors and approving increases in managerial remuneration.Key approvals made by the board include the five-year re-appointment of Mr. Jayakar Krishnamurthy as Managing Director (Designated as Chairman and Managing Director), the two-year re-appointment of Mr. Ram Ramamurthy as a Whole Time Director, and the re-appointment of two directors for extended terms.
Board Decisions and Appointments
The board meeting covered multiple strategic decisions concerning senior management and directorships:- Managing Director Re-appointment: Mr. Jayakar Krishnamurthy was re-appointed as Managing Director (Designated as Chairman and Managing Director) not liable to retire by rotation for a term of five years, effective from September 1, 2026, until August 31, 2031.
- Remuneration Increase: The board approved an increase in the managerial remuneration of Mr. Adithya Srivatsa Jayakar, Deputy Managing Director of the company.
- Whole Time Director Re-appointment: Mr. Ram Ramamurthy was re-appointed as a Whole Time Director not liable to retire by rotation for two years, effective from September 4, 2026, until September 3, 2028.
- Independent and Non-Executive Director Re-appointments: The board approved the re-appointment of Mr. Ramachandran Sundar as a Non Executive and Independent Director for the second term of five years, effective from November 13, 2026, until November 12, 2031. Additionally, Mr. Abhaya Shankar was re-appointed as a Non Executive Non-Independent Director for two years, effective from November 14, 2026, until November 13, 2028.
Operational Governance Outcomes
The company also took steps regarding future shareholder approval processes. The Board considered and approved the draft Postal Ballot Notice to seek shareholder consent for the aforementioned appointments/re-appointments through remote electronic voting (e-voting). M/s P Muthukumaran and Associates, Practicing Company Secretaries, were appointed as the Scrutinizer for the Postal Ballot process.The cut off date was set as July 3, 2026, for sending the Postal Ballot notice and determining shareholders eligible to cast votes. The meeting commenced at 7:15 P.M. and concluded at 7:45 P.M.
Director Profiles
Details regarding the key re-appointed directors are summarized below.Mr. Jayakar Krishnamurthy (Chairman and Managing Director)
| Particulars | Details |
|---|---|
| Name of Director | Mr. Jayakar Krishnamurthy |
| DIN Number | 00018987 |
| Age / Date of Birth | 65 Years; November 30, 1960 |
| Qualification | M.B.A |
| Term of Re-appointment | September 1, 2026 to August 31, 2031 |
| Profile Summary | He has guided the Company through intense competition and expanded the product portfolio focusing on throttle body solutions for two-wheeler segments, aftermarket offerings, export markets, oil pumps, intake throttle valves, and HC dosers. His vision includes conceptualizing products like Electronic Throttle Body and revamping organizational agility. |
| Relationship Disclosure | He is the father of Mr. Adithya Srivatsa Jayakar, Deputy Managing Director. |
Mr. Ram Ramamurthy (Whole Time Director)
| Particulars | Details |
|---|---|
| Name of Director | Mr. Ram Ramamurthy |
| DIN Number | 06955444 |
| Age / Date of Birth | 78 Years; May 22, 1948 |
| Qualification | B.E Mechanical Engineering and MBA |
| Term of Re-appointment | September 4, 2026 to September 3, 2028 |
| Profile Summary | His contribution includes mentoring the Executive Team and providing guidance across strategic areas such as Marketing, Business, Finance, Purchase, and Logistics. He has streamlined internal control systems and driven cost control measures across the organization. |
Mr. Ramachandran Sundar (Non Executive and Independent Director)
| Particulars | Details |
|---|---|
| Name of Director | Mr. Ramachandran Sundar |
| DIN Number | 10831047 |
| Age / Date of Birth | 71 Years; May 10, 1955 |
| Qualification | PGDM from IIM Ahmedabad |
| Term of Re-appointment | November 13, 2026 to November 12, 2031 |
| Profile Summary | Mr. Sundar has over 35 years of experience in design capability and manufacturing process setup, including 10 years in the Defence sector. His expertise covers areas from Building Approvals to Environmental Clearances and he has guided the Company on new product business analytics and R&D focus. |
Mr. Abhaya Shankar (Non Executive Non-Independent Director)
| Particulars | Details |
|---|---|
| Name of Director | Mr. Abhaya Shankar |
| DIN Number | 00008378 |
| Age / Date of Birth | 70 Years; March 26, 1956 |
| Qualification | B.Tech Mechanical and MBA |
| Term of Re-appointment | November 14, 2026 to November 13, 2028 |
| Profile Summary | He possesses more than four decades of experience as a Management Professional, including service as head of organization for 22 years. His expertise lies in strategy, sales & marketing acceleration, organizational health, and has handled Mergers & Acquisitions and ERP implementation. |
UCAL Stock Price Movement
UCAL LIMITED shares today shed value, slipping 4.79% to settle at ₹110.33 after trading in a negative session. The stock's intraday range saw it trade between a high of ₹117 and a low of ₹109.35.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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