Ultracab (India) MD, chairman, board of directors and AGM
BSE: 538706Industrial ProductsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹7.01.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹88 Cr2,969th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 12 Aug 2026
- 17.7
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 19 May 2026
- 0.9
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 12 Aug 2026
- 5.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 12 Aug 2026
- 6.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 19 May 2026
- 0.48
- Volume, BSEVolume. Shares traded on the last trading day.
- 3,17,316
Ultracab (India) board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorNITESH PARSOTTAMBHAI VAGHASIYA
6 directors3 independent2 executive1 non-executive
- NITESH PARSOTTAMBHAI VAGHASIYA · Chairperson and managing directorExecutive · joined Dec 2007 · reappointed Apr 2022 · 1 listed board · 1 committee seat
- PANKAJ VASANTBHAI SHINGALAExecutive · joined Mar 2011 · reappointed Apr 2024 · 1 listed board
- ARTIBEN PANKAJKUMAR SHINGALANon-executive · joined Mar 2021 · 1 listed board · 1 committee seat
- VIRALBEN CHETANKUMAR DAVEIndependent · joined Sep 2024 · 24 months as independent · 1 listed board · 1 as independent
- SATISH KALKANIIndependent · joined Sep 2024 · 24 months as independent · 1 listed board · 1 as independent · 2 committee seats
- SHITAL ASHISH GAJERAIndependent · joined Sep 2025 · 13 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- VIPUL MANSUKHBHAI PATEL, left 30 Jul 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 8 Sep 20264 of 6 present2 independent · 26 days in between
- 12 Aug 20265 of 6 present2 independent · 34 days in between
- 8 Jul 20265 of 6 present2 independent · 49 days in between
- 19 May 20265 of 6 present3 independent · 30 days in between
1 earlier meeting
- 18 Apr 20266 of 6 present3 independent
Audit Committee
Chair VIRALBEN CHETANKUMAR DAVE
NITESH PARSOTTAMBHAI VAGHASIYA, SATISH KALKANI
- 12 Aug 20263 of 3 present2 independent
- 19 May 20262 of 3 present2 independent · 30 days in between
Nomination and remuneration committee
Chair SATISH KALKANI
VIRALBEN CHETANKUMAR DAVE, ARTIBEN PANKAJKUMAR SHINGALA
- 12 Aug 20263 of 3 present2 independent · 84 days in between
- 18 Apr 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair VIRALBEN CHETANKUMAR DAVE
SATISH KALKANI, ARTIBEN PANKAJKUMAR SHINGALA
- 12 Aug 20263 of 3 present2 independent
Corporate Social Responsibility Committee
Chair NITESH PARSOTTAMBHAI VAGHASIYA
PANKAJ VASANTBHAI SHINGALA, VIRALBEN CHETANKUMAR DAVE
- 12 Aug 20263 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s. Bhavin AssociatesPeer-review certificate valid to Jul 2026
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Ultracab (India) AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Ultracab (India) dividend history
Annual general meeting, 19 Sep 2026
48,936 shareholders on the register on 12 Sep 2026; present: 10 promoters and 37 others; votes counted by CS Piyush Jethva / Piyush Jethva.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors, including the annexures thereto, and the Auditors thereonMoreLess
Ordinary99.98% for0.02% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 30.68% · promoters 84.51% · institutions 0.00% · other public 8.15%
- To appoint a director in place of Smt. Artiben Pankajkumar Shingala (DIN: 09113214) Non-executive Director, who retires by rotation at this AGM and being eligible, offers herself for re-appointmentOrdinaryPromoters have an interest in it99.93% for0.07% against
Against: promoters 0.00% · institutions 0.00% · other public 0.41%
Turnout: all 24.47% · promoters 69.50% · institutions 0.00% · other public 5.63%
- Ratification of remuneration of the Cost Auditor for the Financial Year 2026-27Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.12%
Turnout: all 30.68% · promoters 84.51% · institutions 0.00% · other public 8.15%
- To consider and approve the continuation / renewal of Material Related Party Transactions with Jigar Cables LimitedOrdinaryPromoters have an interest in it97.80% for2.20% against
Against: promoters 0.00% · institutions 0.00% · other public 2.20%
Turnout: all 3.95% · promoters 0.00% · institutions 0.00% · other public 5.61%
- To consider and approve the continuation / renewal of Material Related Party Transactions with Jigar Polymers LimitedOrdinaryPromoters have an interest in it97.80% for2.20% against
Against: promoters 0.00% · institutions 0.00% · other public 2.20%
Turnout: all 3.95% · promoters 0.00% · institutions 0.00% · other public 5.61%
- Approval for Ratification of Appointment of Smt. Viralben Chetankumar Dave as Independent DirectorSpecial99.74% for0.26% against
Against: promoters 0.00% · institutions 0.00% · other public 1.43%
Turnout: all 30.35% · promoters 84.51% · institutions 0.00% · other public 7.69%
- Approval for Ratification of Appointment of Shri Satish Kalkani as Independent DirectorSpecial99.71% for0.29% against
Against: promoters 0.00% · institutions 0.00% · other public 1.60%
Turnout: all 30.35% · promoters 84.51% · institutions 0.00% · other public 7.69%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Fines
Reported in the filing for the quarter to Sep 2026.
- Fine or penaltySecurities and Exchange Board of India (SEBI)Since 7 Aug 2026
Adjudication Order has been passed, whereby SEBI has imposed a penalty of Rs. 5,00,000 /- jointly and severally on certain promoter/promoter-group entities.
The order pertains to inadvertent non-disclosure by the certain promoter and promoter group arising from changes in their shareholding during the quarters ended September 2023 and December 2023, under Regulations 29(2) and 29(3) of the SEBI (SAST) Regulations, 2011.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Rights IssuesFeb 2025 | 39.93 | – | – | No |