Universal Cables Limited has informed the Exchange about change in Management - The Board of Directors of the Company at its Meeting held today i.e. 8th August, 2025 has, interalia, considered and based on the recommendations of the Nomination and Remuneration Committee, Shri Sanjeev Dubey, Senior Vice President (Sales & EHV Operations) has been designated as a Senior Managerial Personnel of the Company.
UNIVCABLES · price
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Universal Cables Limited's board, meeting on 8th August 2025, approved three key items. First, Q1 FY26 (quarter ended 30 June 2025) standalone results showed revenue from operations of ₹60,019 lakhs, up about 23% from ₹48,870 lakhs in Q1 FY25, with profit after tax surging to ₹1,950 lakhs from just ₹167 lakhs a year ago; standalone EPS rose to ₹5.62 from ₹0.48. Consolidated profit after tax jumped to ₹3,291 lakhs (vs ₹559 lakhs) with EPS of ₹9.49 (vs ₹1.61), boosted by share of profits from associate Vindhya Telelinks and JV Birla Furukawa Fibre Optics. Second, the board approved a corporate guarantee of USD 11.31 million (about ₹94 crore) in favour of Lightera LLC, USA, as a 50% back-to-back guarantee to enable its JV BFFOPL to import preforms from Shin-Etsu Chemical, Japan, up to USD 22.61 million between July 2025 and March 2026. Third, Shri Sanjeev Dubey, currently Senior VP (Sales & EHV Operations), was designated as a Senior Managerial Personnel with effect from 8th August 2025.
Strong year-on-year earnings growth and a routine guarantee to support the JV's raw material imports are positive for shareholders; the SMP designation is a formal management update with no governance red flags.