Relicab Cable Manufacturing has scheduled its 17th Annual General Meeting for September 30, 2026, to approve financial results showing a 61% surge in operating revenue for FY26. The Board of Directors has not recommended any dividend for the fiscal year ended March 31, 2026.

The meeting will be held at 12:00 pm through video conferencing or other audio-visual means (VC/OAVM). The company fixed September 23, 2026 as the record date for determining shareholder eligibility.

Financial Performance Highlights

FY25-26 marked a year of significant top-line growth for the cable manufacturer. Operating revenue increased from ₹3,983.33 lakh in FY25 to ₹6,420.59 lakh in FY26. Profit after tax (PAT) also grew, rising from ₹171.03 lakh to ₹190.13 lakh, an increase of approximately 11%. Earnings per share (EPS) improved to ₹1.86 from ₹1.70 in the previous year.

However, profitability margins faced pressure despite the revenue jump. EBITDA margin contracted to 7.96% from 12.57%, while the net profit margin fell to 2.92% from 4.30%. This divergence highlights higher material and operating costs absorbing much of the volume growth.

What the Numbers Show

The substantial gap between revenue growth (61%) and PAT growth (11%) indicates a heavy cost burden in FY26. Finance costs rose to ₹267.38 lakh from ₹239.61 lakh, driven by an increase in long-term borrowings which saw the debt-to-equity ratio rise from 0.78 to 0.96. Additionally, trade receivables nearly tripled to ₹1,740.55 lakh from ₹592.74 lakh, signaling potential working capital strain that could impact future cash flows if collections do not accelerate.

Agenda and Voting Details

Shareholders can participate via VC/OAVM without physical presence. Remote e-voting through National Securities Depository Limited (NSDL) will commence on September 27, 2026, at 9:00 am and end on September 29, 2026, at 5:00 pm.

Key agenda items for approval include:

• Reappointment of Mr. Suhir Shah as Managing Director for three years, effective September 11, 2027, with a basic salary cap of ₹36 lakh per annum.
• Approval of related party transactions up to ₹15 crore.
• Ratification of remuneration paid to Non-Executive Director Ms. Vijaya More for FY26 and proposed remuneration for FY27.

Document Dispatch and Record Date

Electronic copies of the AGM notice and Annual Report were sent on August 28, 2026. Physical copies are not being dispatched. The Register of Members and Share Transfer Books remain closed from September 23, 2026, to September 30, 2026 (both days inclusive).

The announcement was issued on September 4, 2026, by Varun Jain, the company secretary and compliance officer.

Relicab Cable Manufacturing Ltd reported a net profit of ₹41.67 lakh for the quarter ended June 30, 2026, down from ₹54.97 lakh in the corresponding period of FY25. While top-line growth was robust, the bottom-line contraction signals margin pressure during the period.

Revenue from operations surged 58% year-on-year to ₹1,735.77 lakh, up from ₹1,099.41 lakh in Q1FY25. This marks a significant recovery in sales volume compared to the prior year. However, the company’s profitability did not keep pace with this revenue expansion.

Financial Performance

The profit before tax and exceptional items stood at ₹55.66 lakh, compared to ₹68.22 lakh in Q1FY25. After tax, the net profit fell to ₹41.67 lakh. Earnings per share (basic) were recorded at ₹0.42, down from ₹0.53 in the previous year.

Total comprehensive income for the period was ₹42.29 lakh, compared to ₹53.70 lakh in Q1FY25.

What the Numbers Show

The divergence between revenue growth and profit decline is notable. With revenue rising nearly 60% while pre-tax profits fell approximately 18%, the data suggests that operating costs or input prices may have risen disproportionately to sales. The net profit margin contracted significantly, indicating that the volume growth did not translate into proportional earnings power.

Governance and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 14, 2026. The statutory auditors have carried out a limited review of the accounts. The company operates in a single reportable primary business segment—Cables—and thus specific IND AS segment disclosures are not applicable. GST is excluded from revenue figures as per IND AS-115.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE773T01014/e27204e2-667b-46c3-95ab-be7889749387.pdf