Purshotam Singla, a promoter of prime cable industries , has confirmed that no shares held by him or persons acting in concert were encumbered or pledged during the financial year ended March 31, 2026. This declaration provides assurance to the market regarding the stability of the promoter's holding structure during FY26.

The disclosure was submitted to the National Stock Exchange of India Limited (NSE) Emerge on April 7, 2026. The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates such annual declarations from promoters.

Key Details of the Disclosure

The declaration covers the promoter and persons acting in concert (PACs). The table below summarizes the key information from the filing:

The confirmation of zero encumbrance indicates that the promoter's shareholding remains free from liens or pledges, which is a positive indicator for corporate governance. The document was also copied to the Audit Committee and the Company Secretary of Prime Cable Industries Limited.

Prime Cable Industries Limited reported a 67% year-on-year increase in revenue from operations to INR 234.9 crore for the financial year ended March 31, 2026 (FY26), driven by strong execution across utility and infrastructure projects. Profit after tax (PAT) rose 66% to INR 12.24 crore, while EBITDA grew 61% to INR 23.5 crore, with margins remaining stable at approximately 10%. The company disclosed these figures during its earnings conference call held on May 22, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

For the second half of FY26 (H2 FY26), revenue reached INR 144.2 crore, a 70% increase from INR 84.9 crore in the corresponding period of the previous year. PAT for H2 FY26 stood at INR 6.7 crore, reflecting a 38% year-on-year growth. The company incurred one-time professional and advisory expenses of approximately INR 2 crore during H2 FY26 related to fundraising and public market readiness initiatives, with a post-tax impact of INR 1.5 crore.

Operational Highlights and Order Book

The company achieved an annualized capacity utilization of 55% in FY26, with near-peak utilization in March 2026. Prime Cable secured BIS certifications for solar cables, aluminium conductors, and power cables up to 33 kV, enabling entry into the renewable segment and higher-value power infrastructure projects. As of May 31, 2026, the order book stood at INR 191 crore, supported by a recent INR 32 crore order from a private EPC contractor. The order book provides execution visibility for the next 4 to 6 months.

Strategic Expansion and Guidance

Prime Cable is expanding its manufacturing footprint with a new facility in Ghiloth (Unit 3), scheduled for commissioning by the end of Q2 FY27. The project, with a total capital expenditure of INR 40 crore, will focus on medium voltage cables and is expected to add INR 250 crore of annual revenue capacity at peak utilization. Management targets a total installed revenue capacity of over INR 600 crore by Q1 FY28. The company expects revenue to grow at a compound annual growth rate (CAGR) of 45% over the next two years, with EBITDA margins projected to remain in the 10% to 11% range in FY27 before expanding with the medium voltage mix.