Appointment of Shri Ajay Kumar Sharma as the Company Secretary & Chief Compliance Office, a whole time Key Managerial Personnel (KMP) of the Company with effect from 23rd May, 2026.
UNIVCABLES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Universal Cables Ltd reported strong FY2026 results with standalone revenue from operations of Rs. 302,267 lakhs, up 25.5% from Rs. 240,839 lakhs in FY25. Standalone profit before tax nearly doubled to Rs. 13,513 lakhs from Rs. 7,125 lakhs, while consolidated profit before tax rose 85% to Rs. 21,740 lakhs. The board recommended a dividend of Rs. 4.50 per share (45%) for FY26. Shri Ajay Kumar Sharma was appointed as Company Secretary, Chief Compliance Officer, and KMP effective 23rd May 2026. Separately, Independent Director Shri Bachh Raj Nahar will cease to be a director from 14th June 2026 upon attaining age 75, as his continuation resolution did not pass with requisite majority. The board also approved technological upgradation of the EHV Cable facility at Satna (MP) for Rs. 73 crores and fund raising via NCDs up to Rs. 200 crores.
The company showed robust operational performance with near-doubling of profits, supporting shareholder returns. The appointment of a new KMP fills an important compliance role, while the departure of an independent director due to governance rules may slightly impact board composition.