UCUniversal Cables504212Routine director change

Independent Director's tenure completes on 10 November 2026; new Independent Director appointed for five years

Shri Kishore Kumar Mehrotra completes his tenure as Non-Executive Independent Director and ceases to be a Director from close of business hours on 10 November 2026.

By ScoutQuest · Wed 4 Nov 2026, 10:26 PM IST · 2 min read

Outgoing Independent Director Cessation

ceases to be a Director from close of business hours on 10 November 2026

Outgoing Director Tenure

five consecutive years from 11 November 2021

New Independent Director Term

first term of five consecutive years from 4 November 2026 to 3 November 2031

Two board-level changes and the September quarter numbers came from the same Board meeting.

Board changes

• Shri Kishore Kumar Mehrotra completes his tenure as Non-Executive Independent Director and ceases to be a Director of the company from the close of business hours on 10 November 2026. He was appointed for a term of five (5) consecutive years from 11 November 2021, as approved by the shareholders through postal ballot.
• The update describes the cessation as consequent upon the completion of his approved tenure as an Independent Director.
• The Board approved the appointment of Shri Sutirtha Bhattacharya as an Additional Director in the capacity of Non-Executive Independent Director, not liable to retire by rotation, for a first term of five (5) consecutive years commencing from 4 November 2026 and ending on 3 November 2031.
• That appointment is subject to the approval of the shareholders. The company states that Shri Bhattacharya fulfils the criteria of independence prescribed under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI Listing Regulations.
• The appointment came on the recommendation of the Nomination and Remuneration Committee, which met on 4 November 2026.

Results approved at the same meeting

• The Board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, with the limited review reports of the statutory auditors.
• Standalone revenue from operations was ₹ 101856.89 lakh for the quarter, against ₹ 81428.52 lakh in the same quarter a year earlier.
• Standalone profit for the quarter was ₹ 3311.64 lakh, against ₹ 3654.59 lakh in the same quarter a year earlier.
• For the half year, standalone revenue from operations was ₹ 196362.83 lakh and profit was ₹ 7029.53 lakh.
• The company reports a single primary business segment: electrical and other cables, wires, conductors, accessories and related power quality products and turnkey projects.

How to read the governance change

• The exit is described as the end of a fixed, shareholder-approved term rather than a resignation, and the Board has simultaneously brought in a new Independent Director for a five-year term.
• Independent directors are part of the board oversight that reviews accounts and related-party matters, so continuity of board composition is what investors generally watch in such changes.
• The new appointment does not take final effect until shareholders approve it.

What to watch

• The shareholder approval for the new Independent Director, the appointment being explicitly subject to it.
• The results figures above, which show the quarter's revenue higher than a year earlier while profit for the quarter was lower than a year earlier.

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