Dynamic Cables Limited has submitted a comprehensive regulatory disclosure to both BSE Limited and the National Stock Exchange of India Limited, confirming that its promoters have not created any encumbrance on the company's shares during the financial year ended March 31, 2026. The disclosure was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, and dated April 03, 2026.

The company, trading with scrip code 540795 on BSE and symbol DYCL on NSE, informed the exchanges that the promoters along with any persons acting in concert have not made any encumbrance, directly or indirectly, of shares in the target company other than those already disclosed during the specified financial period.

Key Disclosure Details

Promoter and Promoter Group Details

The disclosure includes a comprehensive list of all promoters and promoter group entities covered under this confirmation:

The disclosure was addressed to the Audit Committee of Dynamic Cables Limited and submitted by Ashish Mangal on behalf of the Promoter & Promoter Group. The confirmation covers the entire financial year and states that no new encumbrances have been created beyond those previously reported to the exchanges.

Signatory Information

The company requested that the disclosure be placed on record and confirmed compliance with the regulatory requirements. The document was formally signed and submitted from Jaipur, demonstrating the company's commitment to maintaining transparency and regulatory compliance in its corporate governance practices.

Dynamic Cables has entered into a strategic manufacturing agreement with TS Conductor Corp, USA, to produce High Temperature Low Sag (HTLS) Carbon Core Conductors under the TS® Conductor brand. The 12-month agreement, disclosed under Regulation 30 on April 23, 2026, marks the company's entry into advanced conductor technology manufacturing.

Manufacturing Partnership Details

The collaboration with TS Conductor Corp focuses on the production of specialized HTLS carbon core conductors using TS's patented Aluminum Encapsulated Carbon Core (AECC) technology. These advanced conductors are designed to increase grid capacity by up to 50% without requiring new infrastructure, while being lighter, stronger, and reducing line loss significantly.

Technology and Licensing Terms

TS Conductor Corp has granted Dynamic Cables a limited, non-transferable, non-assignable, and non-sublicensable license to use TS Designs and Intellectual Property for manufacturing approved HTLS conductors. The Aluminum Encapsulated Composite Core will be supplied by TS or a third party authorized by TS on an arm's length basis. Pricing of the core will be determined based on prevailing input costs, project type and size, execution timelines, and other techno-commercial factors.

Market Rationale and Strategic Benefits

The HTLS Carbon Core Conductors offer premium positioning over conventional ACSR/AAAC conductors, with a high strength-to-weight ratio, low thermal expansion, and very high ampacity. Given the significant role these conductors will play in improving grid efficiency, favorable demand is expected in India over the medium to long term.

This technology alliance enables Dynamic Cables to offer products in the fast-growing HTLS conductors market and develop business from key entities such as Power Grid, State Transcos, Railways, and renewable energy developers. The agreement automatically renews for two successive terms of 12 months each, subject to mutual consent of both parties.