Integrated Filing — IndAS



General information about company

Scrip Code 500464
NSE Symbol UCAL
MSEI Symbol NOTLISTED
ISIN INE139B01016
Name of company UCAL LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 27-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Automotive
Start date and time of board meeting 27-05-2026   11:30:00
End date and time of board meeting 27-05-2026   17:10:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 23,347.38 83,782.06
Other income 156.17 575.69
Total income 23,503.55 84,357.75
2 Expenses
(a) Cost of materials consumed 10,935.23 38,555.84
(b) Purchases of stock-in-trade 673.98 3,742.16
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 776.82 1,316.69
(d) Employee benefit expense 3,745.45 16,303.21
(e) Finance costs 636.14 3,035.32
(f) Depreciation, depletion and amortisation expense 918.55 3,665.72
(f) Other Expenses
1 Other Expenses 5,419.04 18,815.42
Total other expenses 5,419.04 18,815.42
Total expenses 23,105.21 85,434.36
3 Total profit before exceptional items and tax 398.34 (1,076.61)
4 Exceptional items (1,520.54) (1,778.78)
5 Total profit before tax (1,122.20) (2,855.39)
6 Tax expense
7 Current tax 56.60 56.60
8 Deferred tax 136.69 420.34
9 Total tax expenses 193.29 476.94
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (1,315.49) (3,332.33)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (1,315.49) (3,332.33)
17 Other comprehensive income net of taxes 180.43 477.51
18 Total Comprehensive Income for the period (1,135.06) (2,854.82)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 2,211.36 2,211.36
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 30,404.84
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -5.95 -15.07
Diluted earnings (loss) per share from continuing operations -5.95 -15.07
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -5.95 -15.07
Diluted earnings (loss) per share from continuing and discontinued operations -5.95 -15.07
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) NotestoAccounts 1TheaboveAuditedFinancialResultsStandaloneandConsolidatedhavebeenreviewedand recommendedbytheAuditCommitteeandapprovedbytheBoardofDirectorsofUCAL Limited“theCompany”attherespectivemeetingsheldonMay272026 2TheCompanyoperatesonlyinonesegmentieAutomotiveComponentsAssuchreporting isdoneonsinglesegmentbasis 3TheaboveAuditedFinancialResultsStandaloneandConsolidatedhavebeenpreparedin accordancewiththerecognitionandmeasurementprinciplesofIndianAccountingStandards IndASasnotifiedundertheCompaniesIndianAccountingStandardsRules2015as amendedbyIndianAccountingStandardsAmendmentRules2023asspecifiedunder section133ofCompaniesAct2013 4Figuresforthepreviousperiodshavebeenregroupedwherevernecessarytoconformtothe currentperiodsclassification 5OnNovember212025theGovernmentofIndianotifiedprovisionsofthecodeonwages2019 theIndustrialrelationscode2020thecodeonsocialsecurity2020andtheOccupationalSafety HealthandWorkingconditioncodewhichconsolidate29existinglabourlawsintoaunified frameworkgoverningemployeebenefitsduringemploymentandpostemploymentThe MinistryofLabourandEmploymentpublisheddraftCentralrulesandFAQstofacilitatethe assessmentofthefinancialimpactduetothenewlabourcodesTheCompanyhasassessed anddisclosedtheincrementalimpactofthesechangesonthebasisofbestinformation availableconsistentwiththeguidanceprovidedbyInstituteofCharteredAccountantofIndia Thelabourcodeamongstotherthingsintroducechangesincludingauniformdefinitionof wagesThesechangeshaveresultedinincreaseingratuityliabilityarisingfrompastserviceby Rs23908LakhsStandaloneandRs25824LakhsConsolidatedintheaboveAudited FinancialResultsConsideringthematerialityandregulatorydrivennonrecurringnature ofthisdevelopmenttheCompanyhaspresentedsuchincrementalimpactasStatutoryimpact ofNewLabourCodeunderExceptionalitemsintheStatementofAuditedFinancialResults StandaloneandConsolidatedforthequarterandyearendedMarch312026TheCompany continuestomonitorthefinalisationofCentral/Staterulesandclarificationsfromthe GovernmentonVariousotheraspectsofNewLabourCodesandwouldgiveappropriate accountingeffectofsuchdevelopmentintheperiodinwhichtheyarenotified 6aThisrepresentswritedowninthecarryingamountofinvestmentsmadebytheCompanyin theerstwhilewhollyownedforeignsubsidiaryvizUCALHoldingsIncUSAUHIUSA consequenttodilutionintheCompanyscontrollinginterestfrom100%to10%onaccountof furtherissueof9000equitysharesCommonStocktoanewinvestoronMarch152026by UHIUSATherecognitionmeasurementpresentationanddisclosureoffairvaluethrough statementofprofitandlossisinaccordancewiththeprincipleslaiddowninIndAS110“ ConsolidationofFinancialStatements”issuedbytheMinistryofCorporateAffairs bThisrepresentslossonaccountofderecognitionofassetsandliabilitiesconsequenttodilution ofcontrollinginterestreferredtoinaabovebasedonthefinancialpositionasonMarch14 2026certifiedbythemanagementandprovidedtotheauditors cThisrepresentsthebalanceinForeignCurrencyTranslationReserveFCTRpreviously recognisedinOtherComprehensiveIncomeasnetgainnowbeingreclassifiedtoStatementof ProfitandLossonderecognitionofassetsandliabilitiesbasedonthefinancialpositionason March142026certifiedbythemanagementandprovidedtotheauditors 7ThefiguresforthequarterendedMarch312026andMarch312025representthebalancing figuresbetweentheauditedfiguresinrespectofthefullfinancialyearandtheunaudited publishedyeartodatefiguresuptothethirdquarterofthefinancialyearwhichweresubjected tolimitedreview ForUCALLimited Place:ChennaiJayakarKrishnamurthy Date:May272026ManagingDirector



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 36,250.64
Capital work-in-progress 2,681.48
Investment property 1,215.31
Goodwill 31.19
Other intangible assets 1,191.72
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 296.48
Trade receivables, non-current 0.00
Loans, non-current 585.71
Other non-current financial assets
Total of other non-current financial assets
Total non-current financial assets 882.19
Deferred tax assets (net) 54.82
Other non-current assets
1 Capital Advances to related parties 412.40
2 Capital Advances to suppliers 1,519.85
3 Advance Income Tax and TDS Receivable (Net of Provisions) 40.95
Total of other non-current assets 1,973.20
Total non-current assets 44,280.55
2 Current assets
Inventories 7,215.92
Current financial asset
Current investments 0.00
Trade receivables, current 10,267.42
Cash and cash equivalents 832.15
Bank balance other than cash and cash equivalents 3,026.96
Loans, current 908.06
Other current financial assets
Total of other current financial assets
Total current financial assets 15,034.59
Current tax assets (net)
Other current assets
1 Advances to Suppliers 1,140.61
2 Prepaid Expenses 182.55
3 Staff Advances 139.76
4 Balance with GST authorities 35.69
Total of other current assets 1,498.61
Total current assets 23,749.12
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 68,029.67
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,211.36
Other equity 30,404.84
Total equity attributable to owners of parent 32,616.20
Non controlling interest
Total equity 32,616.20
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 10,021.20
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Advance received from customers 49.75
Total of other non-current financial liabilities 49.75
Total non-current financial liabilities 10,070.95
Provisions, non-current 1,052.63
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 11,123.58
Current liabilities
Current financial liabilities
Borrowings, current 8,533.56
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 5,306.36
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 7,784.16
Total Trade payable 13,090.52
Other current financial liabilities
1 Interest Accrued but not due on Borrowings 166.40
2 Unclaimed Dividend 15.25
3 Employee Related 1,087.82
4 Other Current Financial Liabilities 1,008.55
Total of other current financial liabilities 2,278.02
Total current financial liabilities 23,902.10
Other current liabilities 129.77
1 Statutory Dues 104.82
2 Other Payables 24.95
Total of other current liabilities 129.77
Provisions, current 226.43
Current tax liabilities (Net) 31.59
Deferred government grants, Current 0.00
Total current liabilities 24,289.89
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 35,413.47
Total equity and liabilites 68,029.67
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of Defined benefit Plans 74.18 223.73
Total Amount of items that will not be reclassified to profit and loss 74.18 223.73
2 Income tax relating to items that will not be reclassified to profit or loss 18.67 56.31
3 Amount of items that will be reclassified to profit and loss
1 Foreign currency translation reserve 124.92 310.09
Total Amount of items that will be reclassified to profit and loss 124.92 310.09
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 180.43 477.51



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (2,855.39)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3,035.32
Adjustments for decrease (increase) in inventories 5,930.28
Adjustments for decrease (increase) in trade receivables, current 788.85
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (481.12)
Adjustments for decrease (increase) in other non-current assets (90.31)
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (135.64)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (534.16)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 3,665.72
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 570.21
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current (403.64)
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 5.64
Adjustments for interest income 246.94
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 69.96
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 2,736.72
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 14,899.61
Net cash flows from (used in) operations 12,044.22
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 43.54
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 12,000.68
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment (2,816.45)
Proceeds from sales of investment property 0.00
Purchase of investment property 27.12
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets (3.79)
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 5.64
Interest received 246.95
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 185.24
Net cash flows from (used in) investing activities 3,230.95
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 7,426.54
Repayments of borrowings 13,526.12
Payments of lease liabilities 6,434.79
Dividends paid 0.00
Interest paid 3,035.32
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 149.59
Net cash flows from (used in) financing activities (15,420.10)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (188.47)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 310.10
Net increase (decrease) in cash and cash equivalents 121.63
Cash and cash equivalents cash flow statement at beginning of period 272.12
Cash and cash equivalents cash flow statement at end of period 393.75





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 R.Subramanian and company LLP Yes 31-07-2027