Universal Cables Limited has informed the Exchange about Appointment of Shri Ajay Kumar Sharma as the Company Secretary and Chief Compliance Officer, a Whole Time Key Managerial Personnel (KMP) of the Company with effect from 23rd May, 2026
UNIVCABLES · price
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Universal Cables Limited's Board Meeting on 23rd May 2026 approved multiple items including audited financial results for FY2026 showing strong performance. Standalone revenue grew 25.5% to Rs. 3,022.67 crores while standalone profit after tax rose 68.5% to Rs. 965.29 crores. Consolidated profit after tax increased 82.4% to Rs. 1,631.09 crores. The board recommended a dividend of Rs. 4.50 per share (45%) for shareholder approval. Non-Executive Independent Director Shri Bachh Raj Nahar will cease to be a director from 14th June 2026 upon attaining age 75, as the special resolution for his continuation did not pass with requisite majority. Shri Ajay Kumar Sharma was appointed as Company Secretary, Chief Compliance Officer and Whole Time KMP effective 23rd May 2026. The board also approved technological upgradation of EHV Cable facility at Satna (Rs. 73 crores) and fund raising via NCDs up to Rs. 200 crores.
Strong financial results with near-doubling of profits demonstrate robust operational performance. The director departure due to governance vote and new KMP appointment represent routine management changes. The ongoing capital expansion and technology upgradation programs indicate continued investment in growth.