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Universal Cables Limited ( (IN:UNIVCABLES) ) has shared 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. The board also cleared a plan to modernise the EHV cable facility at Satna with a capex of about Rs. 73 crore, alongside an ongoing Rs. 550 crore organic capacity expansion, a move aimed at enhancing product range, meeting stringent global standards and improving utilisation without materially changing rated capacity.
Governance changes included noting that independent director Bachh Raj Nahar will cease to be a director on 13 June 2026 on reaching 75 years of age, and appointing Ajay Kumar Sharma as company secretary, chief compliance officer and a key managerial personnel with effect from 23 May 2026. The board further approved raising up to Rs. 200 crore via privately placed non-convertible debentures or other debt securities and constituted a Debenture Issue & Allotment Committee, signaling a push to secure funding for expansion and modernisation while refining its capital structure.
More about Universal Cables Limited
Universal Cables Limited operates in the power cable and electrical equipment industry, manufacturing extra high voltage (EHV) cables and related products for domestic and overseas markets. The company focuses on precision manufacturing and compliance with evolving international quality, safety and environmental standards to strengthen its competitiveness in export-oriented businesses.
Average Trading Volume: 6,873
Technical Sentiment Signal: Strong Buy
Current Market Cap: 34.58B INR
Learn more about UNIVCABLES stock on TipRanks’ Stock Analysis page.