The Board of Directors of the Company at its meeting held today i.e. 23rd May, 2026, has interalia considered and taken note that present term of Shri Bachh Raj Nahar (DIN 00049895) Non ....
UNIVCABLES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Universal Cables reported strong FY2026 results with standalone revenue growing 25.5% to Rs. 3,022.67 crore and PAT jumping 68.5% to Rs. 96.53 crore. Consolidated PAT surged 82.5% to Rs. 163.11 crore. The Board recommended dividend of Rs. 4.50 per share (45%). Two major capex programs were approved: Rs. 550 crore for organic capacity expansion and Rs. 73 crore for EHV cable facility upgradation at Satna. Non-Executive Independent Director Shri Bachh Raj Nahar will retire on June 13, 2026 upon turning 75, as his continuation resolution failed to pass. New Company Secretary Shri Ajay Kumar Sharma appointed. Plans to raise up to Rs. 200 crore via NCDs on private placement basis.
Strong operational and profit growth validates the company's expansion strategy. The Rs. 623 crore combined capex program signals confidence but will increase debt levels. Director retirement is routine compliance matter. NCD issuance provides flexibility for funding growth plans.