UCAL FUEL SYSTEMS LTD.

Ucal Ltd's wholly-owned subsidiary, Ucal Polymer Industries Limited (UPIL), has executed an agreement to sell a 6.97-acre residential plot to Sujo Land and Properties Private Limited, a promoter group company. UPIL received an advance consideration of ₹45 Crore pending approval from Mahindra Integrated Township. The transaction is considered an arm's length related party transaction and does not breach the 10% consolidated turnover threshold. The final sale agreement is expected by June 2027, subject to approvals.

Ucal Ltd announced that its Board of Directors, in a meeting held on October 30, 2026, has approved the Unaudited Financial Results (standalone and consolidated) for the half-year and quarter ended September 30, 2026. The company also submitted the Limited Review Report from its statutory auditors. The board meeting commenced at 10:30 AM and concluded at 1:15 PM.

UCAL Limited swung to a consolidated net profit of ₹8.18 Cr in Q2 FY27 (quarter ended September 30, 2026), reversing a ₹4.47 Cr net loss in the year-ago quarter and up 40% sequentially from ₹5.84 Cr in Q1 FY27. Consolidated revenue from operations rose 9.1% YoY to ₹230.59 Cr (from ₹211.30 Cr) and 13.5% QoQ (from ₹203.15 Cr). Consolidated EPS was ₹3.70 against a loss per share a year ago; standalone PAT came in marginally higher at ₹8.78 Cr (EPS ₹3.97), with the roughly ₹0.6 Cr gap to consolidated attributable to the two subsidiaries — UCAL Polymer Industries and its step-down unit UPIL USA — UCAL Polymer alone posted a ₹0.64 Cr net loss for H1 FY27 per the auditors' note. No exceptional items were recorded in either the current or year-ago quarter, so the swing to profit reflects operating performance rather than a one-off. The operating margin gain is the primary driver: consolidated OPM (EBITDA margin, excluding other income) improved to 9.92% this quarter from 7.09% a year ago and 9.54% in Q1 FY27, while NPM moved to 3.53% from -2.12% YoY and 2.85% QoQ — a swing of over 5.6 percentage points on the net line year-on-year. Finance cost eased to ₹6.43 Cr from ₹6.99 Cr in Q1 FY27 while depreciation held near ₹6.43 Cr, so the margin recovery came from the operating line rather than lower financing or non-cash charges. Tax expense of ₹2.88 Cr on pre-tax profit of ₹11.06 Cr gives an effective rate of about 26%, close to the standalone rate of 23%. No analyst consensus or brokerage preview for this print could be located — UCAL is a micro-cap (sub-₹300 Cr market cap at current prices) with no visible sell-side coverage, so the print cannot be graded against street expectations. The company also has no formal guidance on record in our database, and none was found in public filings or commentary, so there is no prior outlook to grade this result against either. Within the quarter's event window, the company closed its trading window from October 1 ahead of these results and separately disclosed receipt of a Show Cause Notice from the Maharashtra Tax Office on September 25, 2026; no provision or contingent-liability quantification against this notice appears in the reviewed financial statements, so its financial impact, if any, remains unresolved. The quarter also followed the FY25-26 annual report/AGM filing (Aug 31, 2026) and the appointment of Adithya Srivatsa Jayakar as CEO (Aug 13, 2026); these results are signed by Managing Director Jayakar Krishnamurthy, so the CEO role appears distinct from the MD signing authority on this filing. No separate management press release accompanied the filing, so there is no company commentary to reconcile against the numbers. One data-quality flag for readers comparing against previously published Q2 FY26 numbers: this filing's own comparative column for the quarter ended September 30, 2025 shows consolidated revenue of ₹194.52 Cr and a net loss of ₹6.01 Cr — both lower than the ₹211.06 Cr revenue and ₹4.47 Cr loss originally reported for that quarter in November 2025. The YoY figures and verdict above are anchored to the originally reported numbers, consistent with how the quarter was understood at the time; whether this filing's lower restated comparative was a one-off regrouping (the notes permit reclassification of prior-period figures) or something more is worth tracking into Q3 FY27.

Ucal Ltd has announced that its Board of Directors will convene on October 30, 2026. The primary agenda item for this meeting is to consider and approve the unaudited financial results for both standalone and consolidated operations for the quarter and half-year ended September 30, 2026. Concurrently, the company has confirmed that the trading window for its securities will remain closed until 48 hours after the declaration of these financial results, having been initially closed from October 1, 2026.

Ucal Ltd has received a Show Cause Notice (SCN) from the Office of the Deputy Commissioner of State Tax, Government of Maharashtra, dated 25.09.2026. The notice pertains to discrepancies found during the GST audit for FY 2022-23, specifically regarding excess claim of Input Tax Credit (ITC) and reversal of excess ITC due to Credit Note. The authorities have demanded a penalty of Rs. 87.62 Lakhs, including interest. Ucal Ltd believes the SCN has no merit and plans to file a detailed reply within the prescribed timelines. The company states there is no immediate financial or operational impact at this stage.

Ucal Ltd. has announced the closure of its trading window for designated persons, including promoters, directors, designated employees, specific connected persons, and their immediate relatives. The closure is effective from October 1, 2026, and will remain in force until 48 hours after the declaration of the unaudited financial results for the quarter/half year ended September 30, 2026. This action is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, aiming to prevent insider trading ahead of the financial results announcement.

Ucal Limited has issued a letter to shareholders regarding the 40th Annual General Meeting (AGM) and the Annual Report for the Financial Year 2025-26. The AGM will be held on September 29, 2026, via Video Conferencing/Other Audio Visual Means. This communication is specifically for members whose email IDs are not registered, providing a web-link to access the Annual Report and AGM Notice. The company also reminds shareholders to update KYC details and dematerialize physical securities as per SEBI mandates, with specific cut-off dates for e-voting.

Ucal Ltd has submitted its Annual Report for the Financial Year 2025-26, as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, themed 'Resilient Resurgent', highlights a year of navigating challenges and capitalizing on opportunities for capacity expansion, new product development, and global strategy amplification. The company, a leading manufacturer of Fuel Management Systems and automotive components for over four decades, serves over 45 global OEMs. The report details financial statements, statutory reports, corporate overview, and key strengths including multi-disciplinary capabilities and operational excellence. It is being disseminated electronically to members with registered email IDs and is also available on the company's website.

Ucal Ltd has announced its 40th Annual General Meeting (AGM) will be held on September 29, 2026, at 4:00 PM IST via Video Conferencing. The meeting will cover ordinary business, including the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of Mr. Abhaya Shankar as a director. Special business includes approving remuneration for Mr. Shankar as a non-executive director for FY 2027-28. Shareholders can vote electronically from September 25 to September 28, 2026. The Annual Report and AGM notice have been dispatched to shareholders.

Ucal Ltd announced the appointment of Mr. Adithya Srivatsa Jayakar as the new Chief Executive Officer (CEO) effective August 13, 2026. Mr. Jayakar, who currently serves as the Deputy Managing Director (DMD), will continue in his existing role while also taking on the CEO responsibilities. This decision was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee. The company cited the need for continuity in executive leadership and management as the reason for this appointment. Mr. Jayakar brings extensive experience in the automotive industry, general management, sales, marketing, operations, and supply chain management.