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Universal Cables Limited ( (IN:UNIVCABLES) ) just unveiled an update.
Universal Cables Limited’s board has approved audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, alongside recommending a dividend of Rs 4.50 per share for FY 2025-26, subject to shareholder approval. The company also plans to modernise its EHV cable facility at Satna with a Rs 73 crore upgrade, in addition to a previously announced Rs 550 crore capacity expansion, to broaden product specifications and improve utilisation without materially altering overall production capacity.
The board noted that independent director Bachh Raj Nahar will cease to be a director from 13 June 2026 in line with listing regulations, and appointed Ajay Kumar Sharma as company secretary, chief compliance officer and key managerial personnel from 23 May 2026. In a further move to support growth and capital needs, the board approved raising up to Rs 200 crore via privately placed non-convertible debentures or other debt securities and set up a dedicated committee to oversee their issuance and allotment.
More about Universal Cables Limited
Universal Cables Limited operates in the power cables and electrical conductors industry, supplying extra high voltage (EHV) cables and related products to domestic and overseas markets. The company focuses on technologically advanced manufacturing to meet evolving international quality, safety and environmental standards, aiming to enhance competitiveness in export-oriented segments.
Average Trading Volume: 6,873
Technical Sentiment Signal: Strong Buy
Current Market Cap: 34.58B INR
Find detailed analytics on UNIVCABLES stock on TipRanks’ Stock Analysis page.