Board Meeting24 May 2026, 09:32 am
Universal Cables approves ₹73 Cr EHV facility upgrade
AI Summary
Universal Cables Ltd's board approved the technological upgradation and modernization of its EHV Cable facility at Satna (M.P.) with an outlay of approximately ₹73 crores. The board also recommended a dividend of ₹4.50 per share. Additionally, they approved raising funds up to ₹200 Crores through Non-Convertible Debentures (NCDs) on a private placement basis. Shri Bachh Raj Nahar will cease to be a Director on June 13, 2026. Shri Ajay Kumar Sharma was appointed as Company Secretary and Chief Compliance Officer.
Key Highlights
- EHV Cable facility at Satna to be upgraded with ₹73 Cr investment.
- Dividend of ₹4.50 per share recommended for FY26.
- Funds up to ₹200 Cr to be raised via NCDs on private placement basis.
- Ajay Kumar Sharma appointed as Company Secretary and Chief Compliance Officer.
- Bachh Raj Nahar to cease being a director on June 13, 2026.
Price Impact
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