Dynamic Cables approves dividend at 19th AGM

Dynamic Cables Limited approved a final dividend of ₹0.50 per equity share for the financial year ended March 31, 2026, at its 19th Annual General Meeting held on July 21, 2026. The meeting, conducted via video conferencing, saw the adoption of audited financial statements and the ratification of cost auditor remuneration for FY27. Shareholders also approved an increase in the company's borrowing limits and material related party transactions.

The requisite quorum under Section 103 of the Companies Act, 2013 was present throughout the meeting. Mr. Rahul Mangal, Chairman, presided over the proceedings, which included addresses by Mr. Ashish Mangal, Managing Director, on the company's financial performance for FY26. The Company Secretary confirmed that the auditors' report contained no qualifications or adverse remarks.

Resolutions Passed

The meeting passed seven resolutions covering ordinary and special business. Shareholders re-appointed Mr. Rahul Mangal and appointed Mr. Neeraj Bali as an Independent Director. E-voting was facilitated by Bigshare Services Private Limited, with remote e-voting conducted from July 17 to July 20, 2026.

Item No.	Business Item	Resolution Type
1	Adopt Audited Financial Statements for FY26	Ordinary
2	Declare final dividend of ₹0.50 per share	Ordinary
3	Re-appoint Mr. Rahul Mangal (DIN: 01591411)	Ordinary
4	Appoint Mr. Neeraj Bali (DIN: 07987362) as Independent Director	Special
5	Approve Material Related Party Transactions with Mr. Rasik Mangal	Special
6	Increase borrowing limits of the Company	Special
7	Ratify remuneration of Cost Auditors for FY27	Ordinary

Meeting Proceedings

CS Priyanka Agarwal was appointed as the scrutinizer to supervise the e-voting process. The meeting concluded at 02:44 P.M. after being open for 15 minutes for e-voting completion. The results of the voting will be disclosed to the stock exchanges within two working days from the conclusion of the meeting.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.29%	+4.80%	+11.05%	+40.85%	-10.38%	+494.44%

Dynamic Cables Limited reported a 30% increase in net profit to ₹84.4 crore for the financial year ended March 31, 2026, driven by improved operational efficiency and a favourable product mix. Revenue from operations grew by 17% to ₹1,198 crore, while operating profit increased to ₹130 crore. The EBITDA margin improved to 10.8%, reflecting better cost management and a stronger contribution from high-voltage and solar cables. The order book stood at a robust ₹808 crore at the end of the year, providing strong revenue visibility.

The Board of Directors has recommended a final dividend of ₹0.50 per equity share for FY26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company has fixed Friday, July 10, 2026, as the record date to determine eligibility for the dividend. The total cash outflow on account of the dividend payment is estimated to be approximately ₹2.42 crore. The 19th AGM is scheduled for Tuesday, July 21, 2026, at 02:00 P.M. IST via Video Conferencing.

Key Financial Metrics

Metric	FY26	FY25
Revenue from Operations	₹1,198 crore	-
Net Profit	₹84.4 crore	-
EBITDA Margin	10.8%	-
Order Book	₹808 crore	-

Key Meeting Details

Event	Date	Time	Mode
Record Date	July 10, 2026	-	-
Remote E-voting	July 17 to July 20, 2026	10:00 a.m. to 05:00 p.m. IST	Electronic
19th AGM	July 21, 2026	02:00 P.M. IST	VC / OAVM

The company has submitted its Annual Report for FY26 to the stock exchanges in compliance with Regulation 34(1) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The report highlights strategic progress, including capacity expansion at the Reengus plant and the launch of building wires. Credit ratings were affirmed during the year, with India Ratings upgrading the long-term rating to IND A/Stable.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE600Y01019/2e047143321f46ee.pdf