R R Kabel has fixed Tuesday, 16 June 2026, as the record date to determine member entitlement for a final dividend of INR 5.50 per equity share for FY 2025-26. The payout, recommended by the Board of Directors for shares with a face value of INR 5, is subject to shareholder approval. The company announced this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, via newspaper publications in the Financial Express, Loksatta, and Jansatta.

The 32nd Annual General Meeting (AGM) is scheduled for Wednesday, 15 July 2026, at 11:30 A.M. through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). This mode complies with Ministry of Corporate Affairs General Circular No. 03/2025 dated September 22, 2025, and relevant SEBI circulars permitting virtual meetings without physical presence. The notice and annual report for FY 2025-26 will be sent electronically to members with registered email addresses and will be available on the company and exchange websites.

Shareholders can participate in remote e-voting prior to the meeting or e-voting during the AGM. Members holding shares in physical form must update details with the Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, using form ISR-1. Demat holders should update details with their Depository Participant.

The company advised members to update their Residential Status, Permanent Account Number, and Category with their Depository Participant or the RTA by Tuesday, 30 June 2026, to claim applicable beneficial tax rates on dividend income. Dividends are taxable in the hands of members under the Income Tax Act, 2025, and the company is required to deduct tax at source (TDS) at prescribed rates.

Key AGM and Dividend Details

Citi has reaffirmed its Buy rating on RR Kabel with a target price of ₹2,650, underpinned by a constructive outlook on demand resilience, export recovery, and segment-level profitability improvements expected in FY27.

Key Investment Thesis

The brokerage's bullish stance is anchored in several key factors spanning volume growth, pricing strategy, export momentum, competitive positioning, and segment performance. The following table summarizes the core pillars of Citi's investment rationale:

Demand Resilience and Volume Growth

Citi expresses confidence in RR Kabel's ability to sustain resilient demand, projecting double-digit volume growth for FY27. The brokerage views the company's demand fundamentals as robust, providing a solid foundation for top-line expansion in the near term.

Pricing Strategy to Counter Cost Pressures

To address rising input costs stemming from commodity inflation and foreign exchange headwinds, RR Kabel is expected to implement cumulative price hikes of 25–30%+. Citi views these pricing actions as a necessary and effective mechanism to protect margins without materially disrupting demand.

Export Recovery and Operating Leverage

A sharp recovery in exports is identified as a key growth driver, with Citi highlighting the potential for margin expansion through operating leverage as export volumes scale up. This recovery is expected to contribute meaningfully to both revenue growth and profitability improvement.

Competitive Landscape and FMEG Segment Outlook

Citi characterizes competition as manageable, attributing this assessment to the structurally different dynamics inherent to the cable industry. On the FMEG (Fast-Moving Electrical Goods) front, the brokerage anticipates the segment reaching breakeven in FY27, driven by traction in the fans category and targeted pricing actions. This milestone is expected to reduce the drag from the FMEG business and support overall profitability.