Universal Cables Limited Recommends Dividend and Approves Technological Upgradation

Universal Cables Limited has recommended a dividend of Rs 4.50 per share, representing 45% of the face value, for the financial year 2025-26. This recommendation applies to 3,46,95,381 fully paid-up equity shares with a face value of Rs 10 each. The dividend is subject to shareholder approval at the upcoming 81st Annual General Meeting and will be paid within 30 days of declaration following applicable tax deductions.

The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. For the full financial year, the company reported a total income of Rs 305,099.11 crore and total expenses of Rs 291,585.77 crore. This resulted in a profit before tax of Rs 13,513.34 crore and a net profit for the period of Rs 9,652.87 crore.

Universal Cables Limited is proceeding with a technological upgradation and modernisation plan for its EHV Cable facility located in Satna, Madhya Pradesh. This project involves an estimated outlay of approximately Rs 73 crore to invest in precision manufacturing and meet evolving international quality, safety, and environmental standards. This project is being executed alongside an ongoing organic capacity expansion project that has an estimated capital outlay of Rs 550 crore.

The Board authorized the raising of funds through the issuance of Non-Convertible Debentures (NCDs) or other debt securities on a private placement basis up to Rs 200 crore. A Debenture Issue & Allotment Committee has been constituted to manage the process of issue and allotment. Shri Ajay Kumar Sharma has been appointed as the Company Secretary and Chief Compliance Officer effective from May 23, 2026, serving as a Key Managerial Personnel.

Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.