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Universal Cables Limited ( (IN:UNIVCABLES) ) has provided an announcement.
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 meeting also cleared a plan to modernise the EHV cable facility at Satna with a capital outlay of about Rs. 73 crore alongside an ongoing Rs. 550 crore capacity expansion, indicating a push to enhance competitiveness and meet diverse international specifications.
The board noted that independent director Bachh Raj Nahar will cease to be a director on 13 June 2026 in line with age-related regulatory requirements, and appointed Ajay Kumar Sharma as Company Secretary, Chief Compliance Officer and key managerial personnel with immediate effect. In addition, the company approved raising up to Rs. 200 crore through privately placed non-convertible debentures or other debt securities and constituted a Debenture Issue & Allotment Committee, signaling an effort to strengthen its capital structure and fund expansion and technology upgrades.
More about Universal Cables Limited
Universal Cables Limited operates in the power cables and electrical transmission equipment industry, with a focus on manufacturing Extra High Voltage (EHV) cables and related products for domestic and overseas markets. The company serves both Indian infrastructure and international customers, and is investing in modern, flexible production capabilities to meet evolving global quality, safety and environmental standards.
Average Trading Volume: 6,873
Technical Sentiment Signal: Strong Buy
Current Market Cap: 34.58B INR
For a thorough assessment of UNIVCABLES stock, go to TipRanks’ Stock Analysis page.