UCAL LIMITED — Others, 21-11-2024: Shareholders meeting

UCAL LIMITED has announced a board meeting on December 19, 2024, to hold an Extraordinary General Meeting (EGM) via video conferencing. Key agenda items include the regularization of Mr. Adithya Srivatsa Jayakar's appointment to the Board and his designation as Deputy Managing Director for five years with a structured remuneration package. Additionally, Mr. Abhaya Shankar will see his role shift to Non-Executive Director, with a salary of ₹2 lakh monthly. The EGM will also consider the appointment of Mr. R. Sundar as an Independent Director, enhancing the Board's governance. This strategic leadership restructuring aims to strengthen management capabilities, potentially boosting investor confidence due to experienced leadership and continuity in strategic direction.