Cords Cable recommends ₹1.20 per share final dividend ahead of Sep 28 AGM

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • Cords Cable Industries holds its 35th AGM on September 28, 2026
  • Board recommends a final dividend of ₹1.20 per equity share for FY26
  • Remote e-voting window runs from September 25 to September 27, 2026
  • Record date for dividend entitlement is fixed as September 21, 2026
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Cords Cable Industries will hold its 35th Annual General Meeting on Monday, September 28, 2026, at 10:00 am. The gathering is scheduled at the International Society for Krishna Consciousness in New Delhi to transact business for FY26.

The Board of Directors recommended a final dividend of ₹1.20 per equity share of face value ₹10 each during its meeting on May 28, 2026. If approved by shareholders, the payout will be disbursed by October 27, 2026.

Key Dates and Logistics

The company has fixed Monday, September 21, 2026, as the record date for determining dividend entitlement. The register of members and share transfer books will remain closed from Tuesday, September 22, 2026, through Monday, September 28, 2026, inclusive.

Shareholders holding shares as of the cut-off date can cast their votes electronically via remote e-voting. The facility opens on Friday, September 25, 2026, at 9:30 am and closes on Sunday, September 27, 2026, at 5:00 pm. MUFG Intime India Pvt. Ltd serves as the agency providing the e-voting platform.

Event Date Time
Remote E-voting Start September 25, 2026 9:30 am
Remote E-voting End September 27, 2026 5:00 pm
Record Date September 21, 2026 -
AGM Date September 28, 2026 10:00 am

Compliance and Shareholder Instructions

The company dispatched the AGM notice and annual report electronically on September 2, 2026. Physical copies are available upon request. Shareholders with physical holdings must update their KYC details, including PAN and bank account information, before the cut-off date to receive dividends electronically, as per SEBI regulations effective April 1, 2024.

Mr. Kapoor Chand Garg, a practicing company secretary, has been appointed as the scrutinizer to oversee the voting process. Results will be declared within two working days of the meeting's conclusion.

Historical Stock Returns for Cords Cable Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-3.01%+22.92%+51.84%+82.95%+72.57%+447.41%

How might the approved dividend payout ratio impact Cords Cable Industries' capital allocation strategy for FY27?

What are the expected implications of the upcoming AGM resolutions on the company's operational roadmap and expansion plans?

Will the strict SEBI KYC compliance requirements lead to a significant reduction in physical shareholdings among retail investors?

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Cords Cable FY26 Results: Net profit up 41% to ₹2,053 lakh

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Net profit after tax rose 41.23% YoY to ₹2,053.40 lakh for FY26
  • Revenue from operations grew 20.05% to ₹95,389.98 lakh
  • Foreign exchange earnings surged five-fold to ₹10,836.01 lakh
  • Board recommends final dividend of ₹1.20 per equity share
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Cords Cable Industries reported a 41.23% year-on-year increase in net profit after tax (PAT) for the financial year ended March 31, 2026. The company delivered strong top-line growth alongside margin expansion, reflecting improved operational efficiency.

Financial Performance

Revenue from operations rose by 20.05% to reach ₹95,389.98 lakh in FY26, up from ₹79,456.29 lakh in the previous fiscal year. The bottom line expanded significantly, with PAT climbing to ₹2,053.40 lakh from ₹1,453.92 lakh. Earnings per share (EPS) increased to ₹15.88 from ₹11.25 in the prior year.

Metric FY26 FY25 Change
Revenue from Operations ₹95,389.98 lakh ₹79,456.29 lakh +20.05%
Net Profit After Tax ₹2,053.40 lakh ₹1,453.92 lakh +41.23%
EPS (Basic & Diluted) ₹15.88 ₹11.25 +41.16%

The company attributed the growth to optimal capacity utilization and an improved product mix. Management noted that operational efficiencies helped mitigate the impact of volatile global base metal prices on margins.

What the Numbers Show

Foreign exchange earnings surged to ₹10,836.01 lakh from ₹2,028.52 lakh in the previous year, indicating a substantial acceleration in export activity. This five-fold increase in forex inflows suggests that international markets are becoming a critical growth driver for the company, diversifying its revenue base beyond domestic operations.

Dividend and Corporate Actions

The Board of Directors recommended a final dividend of ₹1.20 per equity share, representing a 12% payout ratio. This is an increase from the ₹1.00 per share dividend declared for the previous financial year. If approved at the upcoming Annual General Meeting, the total dividend outflow will be approximately ₹155.13 lakh.

The company also announced the appointment of M/s GVKN & Associates as its new Statutory Auditors for a term of five years, succeeding M/s Alok Misra & Co., whose tenure concluded with this AGM.

Operational Outlook

Cords Cable continues to pursue business opportunities across power, renewable energy, solar, green hydrogen, and infrastructure sectors. The company remains focused on strengthening its presence in value-added industrial segments and broadening its customer base in both domestic and overseas markets, including the Middle East and Africa.

Historical Stock Returns for Cords Cable Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-3.01%+22.92%+51.84%+82.95%+72.57%+447.41%

How sustainable is the five-fold surge in foreign exchange earnings given current global trade dynamics and potential tariff barriers in key export markets like the Middle East and Africa?

What specific capacity expansion plans does Cords Cable have in the pipeline to support its target sectors of renewable energy, solar, and green hydrogen?

How might the company's low 12% dividend payout ratio impact investor sentiment compared to peers in the cable manufacturing sector who typically offer higher yields?

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1 Year Returns:+72.57%