Board Meeting24 May 2026, 09:32 am
Universal Cables: FY26 Dividend ₹4.50/Share; Satna Upgrade
AI Summary
Universal Cables Ltd's board approved the audited standalone and consolidated financial results for the year ended March 31, 2026, and recommended a dividend of ₹4.50 per share. The company also approved a technological upgrade and modernization of its EHV Cable facility at Satna with an outlay of approximately ₹73 crores. Additionally, the board approved raising funds up to ₹200 Crores through Non-Convertible Debentures (NCDs) on a private placement basis.
Key Highlights
- Universal Cables recommends a dividend of ₹4.50 per share for FY26, subject to shareholder approval.
- Company approves ₹73 Cr for technological upgrade of EHV Cable facility at Satna.
- Board approves raising up to ₹200 Crores via Non-Convertible Debentures (NCDs).
- Ajay Kumar Sharma appointed as Company Secretary and Chief Compliance Officer effective May 23, 2026.
- Bachh Raj Nahar to cease being a Director on June 13, 2026, due to age limit.
Price Impact
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