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

UCAL Limited has announced a board meeting outcome focusing on significant changes in its board composition. Mr. Adithya Srivatsa Jayakar has been appointed as an Additional Executive Director and Deputy Managing Director, effective from 12 November 2024, contingent upon shareholder approval. Additionally, Mr. Abhaya Shankar and Mr. R. Sundar have been appointed as Additional Non-Executive and Independent Directors, respectively, with terms starting on 13 November and 12 November 2024. These appointments signal a strategic effort to enhance management expertise, which could foster a positive outlook among investors and potentially strengthen operational performance.