Universal Cables approves Rs 550 crore capacity expansion and Rs 200 crore NCD issuance

Yash Agarwal — Sat, 23 May 2026 19:07:25 +0000

Universal Cables has announced a significant strategic move with the approval of a ₹550 crore capacity expansion project alongside a technological upgradation plan for its EHV Cable facility at Satna, Madhya Pradesh. This development was confirmed during the company’s Board of Directors meeting held on 23rd May 2026.

The company is set to invest approximately ₹73 crore in modernising its EHV Cable facility. This initiative aims to enhance precision manufacturing and flexibility to meet specific quality standards, aligning with evolving international quality, safety, and environmental benchmarks. The upgrade is expected to bolster Universal Cables‘ competitiveness in overseas markets and optimise capacity utilisation by enabling the facility to produce a wide array of products meeting both domestic and international specifications.

In addition to the expansion and modernisation plans, the Board has approved the issuance of Non-Convertible Debentures (NCDs) or other debt securities on a private placement basis, aggregating up to ₹200 crore. This move is subject to necessary regulatory or statutory approvals. A ‘Debenture Issue & Allotment Committee’ has been constituted to oversee the issuance and allotment of these securities.

Furthermore, the Board has recommended a dividend of ₹4.50 per share, representing a 45% dividend on 3,46,95,381 fully paid-up equity shares for the financial year 2025-2026. This recommendation is subject to shareholder approval at the upcoming 81st Annual General Meeting. If approved, the dividend will be disbursed within 30 days of declaration, after applicable tax deductions.

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 continuation was not passed with the requisite majority.

Additionally, the appointment of Shri Ajay Kumar Sharma as Company Secretary and Chief Compliance Officer was approved, effective from 23rd May 2026. Sharma will also serve as one of the Key Managerial Personnel of the company.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Universal Cables announces Rs 4.50 per share dividend for FY26

Yash Agarwal — Sat, 23 May 2026 19:04:26 +0000

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).

Satna | Business Upturn

Universal Cables approves Rs 550 crore capacity expansion and Rs 200 crore NCD issuance

Universal Cables announces Rs 4.50 per share dividend for FY26