Universal Cables Limited (UNIVCABLES) — Board Meeting

📢 Key Event
Board approved audited financial results, recommended ₹4.50/share dividend, sanctioned ₹73 crores EHV upgrade, authorized ₹200 crores NCD raise, and appointed new CS&CCO.

🔄 What Changed
Approved dividend of ₹4.50/share (45%), sanctioned ₹73 crores capital outlay for EHV upgrade, authorized up to ₹200 crores fundraise via NCDs, and appointed Shri Ajay Kumar Sharma as CS&CCO effective May 23, 2026.

🔮 What's Next
None

💡 Investor Takeaway
The dividend approval and capital allocation signal confidence in financial health, while the fundraise and leadership appointment may impact short-term stock volatility due to potential dilution and governance updates.

The Board of Universal Cables Limited approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, recommended a dividend of ₹4.50 per share (45%) subject to shareholder approval at the 81st AGM, and sanctioned a Rs. 73 crores technological upgrade for the EHV Cable facility at Satna. The Board also authorized raising up to Rs. 200 crores via private placement of non-convertible debentures and appointed Shri Ajay Kumar Sharma as Company Secretary and Chief Compliance Officer effective May 23, 2026, while curtailing Director Shri Bachh Raj Nahar's term due to age effective June 13, 2026.

📄 View Original Announcement (PDF)

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