Ucal announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 15 March 2024 .Powered by Capital Market - Live News

The Board of Ucal at its meeting held on 14 February 2024 has approved acquisition of up to 49% stake in Avironix. Avironix is a related party since Ram Ramamurthy is common Director in both the companies. The transaction is at arm`s length.Avironix is a Drone Design, Manufacture and services company. It works on Drone Design, Analysis, Manufacturing, and Testing. The present product portfolio includes Micro, Small and Medium Drones. Avironix`s mapping drone Peregrine was recently awarded Type Certification. Avironix also provides comprehensive Drone based services for variousapplications that include Agriculture, Mining, Infrastructure and Defence.Powered by Capital Market - Live News

Ucal announced a significant expansion of its operations into Buy and Sell for automotive parts. This strategic move is aimed at enhancing the company`s market presence and providing added value to its customers.The After Market Division will be spearheaded by Gyan Pandey, Vice President and General Manager After Market at Ucal.Powered by Capital Market - Live News

Ucal will hold a meeting of the Board of Directors of the Company on 14 February 2024.Powered by Capital Market - Live News

Net loss of Ucal reported to Rs 1.49 crore in the quarter ended September 2023 as against net profit of Rs 7.43 crore during the previous quarter ended September 2022. Sales declined 28.75% to Rs 174.48 crore in the quarter ended September 2023 as against Rs 244.87 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales174.48244.87 -29 OPM %8.739.90 - PBDT9.6820.49 -53 PBT-0.6110.96 PL NP-1.497.43 PL Powered by Capital Market - Live News