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Universal Cables Limited ( (IN:UNIVCABLES) ) has issued 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 at the upcoming annual general meeting. The board also cleared a technological upgradation and modernisation plan for the EHV cable facility at Satna worth about Rs 73 crore, noted the impending cessation of independent director Bachh Raj Nahar upon turning 75, appointed Ajay Kumar Sharma as company secretary and chief compliance officer, and approved raising up to Rs 200 crore via privately placed non-convertible debentures to support the company’s strategic and operational plans.
The Satna EHV facility upgrade, alongside an ongoing Rs 550 crore organic capacity expansion, is aimed at enabling Universal Cables to produce a wider range of products to diverse domestic and international specifications without materially altering capacity, thereby improving capacity utilisation and overseas competitiveness. The governance changes and new debt-raising authorization signal an active capital and board-management strategy, with potential implications for the company’s financing structure, regulatory compliance profile and ability to address the tightening global standards in the cable industry.
More about Universal Cables Limited
Universal Cables Limited operates in the cables and power transmission 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, and is pursuing organic capacity expansion and technology upgrades to enhance competitiveness, particularly in export-oriented segments.
Average Trading Volume: 6,873
Technical Sentiment Signal: Strong Buy
Current Market Cap: 34.58B INR
For an in-depth examination of UNIVCABLES stock, go to TipRanks’ Overview page.