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Universal Cables Limited ( (IN:UNIVCABLES) ) has issued an update.
Universal Cables Limited’s board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026 and recommended a dividend of Rs 4.50 per share for FY 2025-26, subject to shareholder approval at the upcoming annual general meeting. The board also cleared plans for a Rs 73 crore technological upgradation and modernisation of its EHV cable facility at Satna, alongside an ongoing Rs 550 crore capacity expansion, approved fundraising of up to Rs 200 crore via privately placed non-convertible debentures, recorded the upcoming cessation of independent director Bachh Raj Nahar upon reaching 75 years, and appointed Ajay Kumar Sharma as company secretary, chief compliance officer and key managerial personnel, moves that collectively aim to bolster operational capacity, governance and financial flexibility without materially altering production capacity.
The modernisation investment at the Satna facility is intended to enhance precision manufacturing and flexibility to meet diverse domestic and international specifications, supporting better capacity utilisation and competitiveness in overseas markets. Governance changes, including the board transition and the new compliance leadership, together with additional debt-raising headroom, position the company to navigate regulatory requirements while funding growth initiatives and maintaining shareholder returns through the proposed dividend.
More about Universal Cables Limited
Universal Cables Limited operates in the power cables and electrical transmission equipment industry, manufacturing extra high voltage (EHV) cables and related products for domestic and overseas markets. The company focuses on meeting evolving international quality, safety and environmental standards to strengthen its competitiveness, particularly in export-oriented businesses.
Average Trading Volume: 6,873
Technical Sentiment Signal: Strong Buy
Current Market Cap: 34.58B INR
See more data about UNIVCABLES stock on TipRanks’ Stock Analysis page.