Universal Cables Limited (UNIVCABLES) — Corporate Action

📢 Key Event
Board recommends Rs. 4.50/share dividend (45%) pending AGM approval, approves Rs. 73 crore Satna tech upgrade and Rs. 200 crore NCD issue

🔄 What Changed
Rs. 73 crore technological upgrade approved; Rs. 200 crore NCD fundraising plan initiated; Director Shri Bachh Raj Nahar ceases on June 13, 2026 due to age (75 years)

🔮 What's Next
Rs. 200 crore NCD issue via private placement; Rs. 73 crore Satna facility upgrade to enhance overseas competitiveness and capacity utilisation

💡 Investor Takeaway
The dividend increase to Rs. 4.50/share signals stronger profitability, while the technological upgrade and fundraising indicate strategic investments to boost export growth and operational efficiency without altering production capacity.

Universal Cables Limited recommended a dividend of Rs. 4.50 per share (45% of face value) for FY 2025-26, subject to shareholder approval at the 81st AGM, alongside approving a Rs. 73 crore technological upgrade for its Satna facility and a Rs. 200 crore private placement of non-convertible debentures. The company also announced the retirement of Director Shri Bachh Raj Nahar effective June 13, 2026, due to age regulations, and appointed Shri Ajay Kumar Sharma as Company Secretary and Chief Compliance Officer effective May 23, 2026. The dividend payment will occur within 30 days of declaration, with tax deducted at source as per the Income Tax Act, 2025.

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