UCAL LIMITED — Others, 12-11-2024: Appointment

UCAL LIMITED has announced a board meeting outcome regarding changes in board composition. The Board has appointed Mr. Adithya Srivatsa Jayakar as Additional Executive Director and Deputy Managing Director for a term of 5 years, effective November 12, 2024, pending shareholder approval. Additionally, Mr. Abhaya Shankar has been appointed as an Additional Non-Executive Director, and Mr. R. Sundar as an Additional Independent Director, both also effective November 12, 2024, subject to shareholder consent.

These appointments signify a strategic move to enhance the board's experience and governance, potentially fostering positive investor sentiment as the company strengthens its leadership. Investors might view this as a step toward improved operational efficiency and governance.