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An announcement from Universal Cables Limited ( (IN:UNIVCABLES) ) is now available.
Universal Cables’ board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, while also recommending a dividend of Rs. 4.50 per share for FY 2025-26, subject to shareholder approval. The company will raise up to Rs. 200 crore via privately placed non-convertible debentures and has appointed Ajay Kumar Sharma as Company Secretary, Chief Compliance Officer and key managerial personnel, effective 23 May 2026.
Alongside its ongoing Rs. 550 crore organic capacity expansion, the board cleared a Rs. 73 crore technological upgradation and modernisation plan for the EHV cable facility at Satna, aimed at precision manufacturing, flexibility for diverse specifications and improved competitiveness in overseas markets without materially altering capacity. The board also noted that independent director Bachh Raj Nahar’s term will end on 13 June 2026, as he reaches 75 and the required special resolution for continuation was not passed, marking a planned change in board composition under listing regulations.
More about Universal Cables Limited
Universal Cables Limited operates in the power cables and electrical equipment industry, manufacturing extra-high voltage (EHV) and other specialised cables for domestic and overseas markets. The company focuses on meeting evolving international quality, safety and environmental standards, and is expanding and upgrading its facilities to strengthen competitiveness and optimise capacity utilisation.
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.