StockWatch
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Other Electrical Equipment
Expansion21 May 2026, 07:51 pm

Jigar Cables' Subsidiary to Expand into Wooden Cable Drums

AI Summary

Jigar Polymers Limited, a wholly-owned subsidiary of Jigar Cables Ltd, has received board approval on May 21, 2026, to expand its business activities. The expansion includes manufacturing and dealing in wooden and plywood cable drums for the electric wires and cable industry. This move will require altering the Object Clause of the Memorandum of Association, pending shareholder and other necessary approvals. The expansion aligns with the group’s strategic business growth and forward integration plans within the cable and allied industry segment.

Key Highlights

  • Jigar Polymers Ltd to diversify into wooden cable drum manufacturing.
  • Expansion approved by the Board on May 21, 2026.
  • Expansion requires shareholder approval for Object Clause alteration.
  • Move aligns with Jigar Cables' strategic growth plans.