UCAL FUEL SYSTEMS LTD.

Ucal Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in a meeting held on May 27, 2026. The results were approved in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors issued an unmodified opinion on the audited financial results.

Ucal Ltd has scheduled a Board of Directors meeting on May 27, 2026, to consider and approve the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026. The trading window, which was closed from April 1, 2026, will remain closed until 48 hours after the declaration of the audited financial results.

Ucal Ltd has received a show cause notice from the Assistant Commissioner (ST), Ambattur Assessment Circle. The notice requests invoice-wise details of Input Tax Credit (ITC) claimed and reversed for the financial year 2023-2024. The company received the notice on April 24, 2026. Ucal Ltd has clarified that there is no material impact on its financial, operational, or other activities due to this notice. The company believes the show cause notice has no merits and intends to furnish the required details and evidence to the GST Authority within the stipulated timelines.

Ucal Ltd, formerly UCAL FUEL SYSTEMS LIMITED, has received a show cause notice from the Assistant Commissioner (ST), Ambattur Assessment Circle, Commercial Tax Department. The notice pertains to various discrepancies found in the GST returns/statements filed by the Company for FY 2022-23 and FY 2023-24. The discrepancies include short payment of tax on outward supplies, differences in turnover, short payment of tax under RCM, ITC reversal, Credit notes and E-way bill reconciliation. The Company believes that the show cause notice has no merits and will be filing a detailed reply with the required evidence to substantiate its position.

Ucal Ltd. has announced the closure of the trading window for all promoters, directors, designated employees, and specific connected persons, as well as their immediate relatives. The closure will be effective from 1 April 2026 until 48 hours after the declaration of the audited financial results for the financial year ending 31 March 2026. This decision is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct. The purpose of this closure is to regulate, monitor, and report trading by designated persons.

Ucal Ltd has updated the exchange regarding the dilution of its stake in Ucal Holdings Inc. (WOS) following the issuance of 9000 equity shares to a new investor, AscentX Inc., USA. This issuance has resulted in Ucal Ltd's shareholding in Ucal Holdings Inc. being reduced from 100% to 10%, causing Ucal Holdings Inc. to cease being a Wholly Owned Subsidiary of Ucal Ltd. AscentX Inc. USA is a third party and is not related to any Promoter or Promoter Group of the Company.

Ucal Ltd. has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended 31st December 2025. The company's total assets and total income for the nine months ended on that date are ₹ 25,774.20 lakhs and ₹ 17,931.92 lakhs respectively. The company reported a total net loss after tax of ₹ 2,257.55 lakhs and total comprehensive loss of ₹ 2,070.32 lakhs for the same period. The financial results also include the interim financial results of UCAL Holdings Inc. and UCAL Polymer Industries Limited, which have not been reviewed by other auditors.

Ucal Ltd has announced that its Board of Directors will meet on February 12, 2026, to consider and approve the unaudited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2025. The trading window for dealing in securities of the company, which was closed from January 1, 2026, will remain closed till completion of 48 hours after the declaration of the unaudited financial results.

Ucal Ltd. announced that its Board of Directors approved the dilution of stake in its wholly owned subsidiary, Ucal Holdings Inc., USA, up to 90%. The Board also approved the sale of a residential plot owned by Ucal Polymer Industries Limited, a material subsidiary of Ucal Ltd., to M/s. Sujo Land and Properties Private Limited, a promoter group company, for a total cash consideration not exceeding Rs.45 Crore. The sale is subject to approval of the shareholders under Regulation 24 (6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Ucal Ltd. has announced the closure of its trading window for dealing in the securities of the company. The closure will be effective from 1st January 2026 until 48 hours after the declaration of un-audited financial results for the quarter ending 31st December 2025. This decision is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct. The trading window will be closed for all promoters, directors, designated employees, and specific connected persons of the company and their immediate relatives.