Universal Cables has announced a dividend of ₹4.50 per share for the financial year 2025-2026, subject to shareholder approval at the upcoming 81st Annual General Meeting. This dividend represents a 45% payout on the company’s 3,46,95,381 fully paid-up equity shares, each with a face value of ₹10. Upon approval, the dividend will be disbursed within 30 days, with applicable tax deductions.
In addition to the dividend announcement, the company’s board has approved a technological upgrade and modernisation plan for its EHV Cable facility in Satna, Madhya Pradesh. The project, estimated at ₹73 crores, aims to enhance precision manufacturing capabilities and align with evolving international quality, safety, and environmental standards. This initiative is expected to bolster the company’s competitiveness in overseas markets, enabling the facility to manufacture a diverse range of products meeting both domestic and international specifications.
The board also noted that Shri Bachh Raj Nahar, a Non-Executive Independent Director, will retire upon reaching the age of 75 on 14th June 2026, as the special resolution for his continued appointment was not passed.
Furthermore, Universal Cables has appointed Shri Ajay Kumar Sharma as Company Secretary and Chief Compliance Officer, effective 23rd May 2026. Sharma, who holds ICSI Membership No. A-9127, will also serve as a Key Managerial Personnel.
The board has also authorised the issuance of Non-Convertible Debentures (NCDs) or other debt securities up to ₹200 crores on a private placement basis. A Debenture Issue & Allotment Committee has been constituted to oversee this process.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).