Birla Cable Limited has informed the Exchange about change in Management
BIRLACABLE · price
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Birla Cable Limited reported strong FY2026 results with standalone revenue of Rs. 77,111.40 lakhs (up 16.5% YoY) and net profit of Rs. 1,686.78 lakhs (up 235% vs FY2025 profit of Rs. 503.11 lakhs). EPS improved significantly to Rs. 5.62 from Rs. 1.68. The Board recommended a dividend of Rs. 1.25 per share (12.50%) for shareholder approval at the 34th AGM. Additionally, Shri Somesh Laddha was appointed as Manager & CFO for a 3-year term effective 22nd May 2026, subject to member approval. The Board also approved a Scheme of Amalgamation whereby Birla Cable Limited (Transferor) will merge into Vindhya Telelinks Limited (Transferee), with shareholders of Birla Cable receiving 10 shares of Vindhya Telelinks for every 115 shares held. The scheme is pending NCLT and stock exchange approvals.
The company delivered excellent financial performance with near-tripling of profits. However, the proposed amalgamation with Vindhya Telelinks means Birla Cable will cease to exist as a separate listed entity, and shareholders will receive shares in the transferee company instead. The management appointment adds continuity to financial leadership.