UCAL LIMITED — Others, 13-03-2025: Appointment

UCAL Limited's Board has approved investing in Kandan Solar Power India Private Limited to enhance solar energy consumption at its Tamil Nadu plant. The company will invest ₹3.25 lakhs, acquiring less than 15% equity. Additionally, Ms. Sandhya Shekhar has been appointed as a Non-Executive Independent Director for a three-year term, pending shareholder approval. The Board restructured its committees to reflect this change and scheduled an Extra-ordinary General Meeting for April 25, 2025, to address key resolutions. This strategic move could bolster UCAL's renewable energy capabilities, potentially favorably influencing investor sentiment.