Dynamic Cables Limited has accepted the resignation of Awadh Kumar Ojha from his role as Deputy General Manager (Quality). The cessation is effective from the closure of business hours on September 10, 2026.

The company disclosed the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Ojha, who was designated as Senior Management Personnel (SMP), tendered his resignation due to personal reasons.

Resignation Details

The resignation was formally communicated via a letter dated September 10, 2026. The company confirmed that Mr. Ojha will be relieved from his duties immediately following the close of business on that date.

Naina Gupta, Company Secretary and Compliance Officer, signed the disclosure. The information is also available on the company’s website.

Dynamic Cables Limited reported a 37.1% year-on-year increase in net profit to ₹249.53 million for the quarter ended June 30, 2026 (Q1FY27), compared to ₹182.07 million in the corresponding period of the previous year. Revenue from operations grew 33.2% to ₹3.49 billion from ₹2.62 billion in Q1FY26, driven by robust operational performance and entry into the U.S. market. The company's order book stands at approximately ₹811 crore as of June 30, 2026, with exports contributing 13% of total revenue from operations. The Board of Directors approved the unaudited standalone financial results at a meeting held on July 20, 2026, and the trading window for designated persons will open on July 23, 2026. The unaudited financial results were published in the Financial Express and Nafa Nuksan on July 21, 2026, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.

Q1FY27 Financial Performance

The company's profitability improved with EBITDA rising to ₹380 million from ₹269 million in the same period last year. The EBITDA margin expanded to 10.90% from 10.30%. Earnings per share (EPS) increased to ₹5.15 from ₹3.76 in the prior year quarter. The statutory auditor, A Bafna & Co, conducted a limited review of the results and issued an unmodified conclusion.

Growth Strategy and Outlook

Dynamic Cables has set a long-term annual growth target of 18%–20%, with significant revenue expected from its new plant beginning Q4 FY27. The company aims to achieve 80%–85% utilization at the new facility by the end of FY28. While the company acknowledges a slowdown in order booking, it believes this will not majorly affect revenue and remains committed to maintaining its growth trajectory despite fluctuations in raw material prices. The entry into the U.S. market is expected to boost long-term growth, though near-term targets from this initiative remain undefined.

Solar Cable Segment

Solar cable earnings are anticipated to remain at approximately 20% in the first half of FY27, with a potential increase in the second half driven by contributions from the new plant. Over the next three to four years, the solar cable segment is expected to expand by 25%–30%, reflecting the company's focus on capitalizing on renewable energy infrastructure demand.

Corporate Actions and Disclosures

The company noted that it had issued 24,229,319 fully paid-up bonus equity shares in a 1:1 ratio on July 15, 2025, capitalizing ₹2,422.93 million from securities premium. Additionally, the Nomination and Remuneration Committee granted 190,508 stock options under the DCL-ESOP 2024 scheme at an exercise price of ₹324 per option. The company also assessed the financial impact of the four new Labour Codes notified by the Government of India and determined there was no material impact based on current information.

Financial Position

Total on-balance sheet debt increased to ₹71.2 crore as of June 30, 2026, from ₹40.4 crore as of March 31, 2026, while net debt stood at ₹88.8 crore. Cash and equivalents decreased to ₹47.0 crore from ₹58.8 crore in the previous quarter. Receivable days, calculated on trailing six-month gross sales, were approximately 69 days in Q1FY27.