Universal Cables Limited shareholders approved a significant increase in the company’s borrowing capacity to ₹4,500 crore during its 81st Annual General Meeting (AGM) held on August 3, 2026. The Board also declared a dividend of ₹4.50 per equity share for the financial year ended March 31, 2026, signaling confidence in the company's financial health and future growth plans.

The AGM was convened at the company’s registered office in Satna, Madhya Pradesh, and commenced at 9:30 A.M., concluding at 10:45 A.M. Harsh V. Lodha, Chairman of the Board of Directors, presided over the meeting. The quorum remained present throughout the proceedings, which were conducted in compliance with the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Secretarial Standard on General Meetings (SS-2).

Key Resolutions Approved

Shareholders voted on seven resolutions covering ordinary and special business items. The most material outcomes included the adoption of financial statements, dividend declaration, director re-appointment, and enhanced borrowing powers.

Enhanced Borrowing Capacity

The approval of Resolution No. 5 supersedes the previous special resolution passed at the 79th AGM held on August 2, 2024. Under the new resolution, the Board is empowered to borrow sums exceeding the aggregate of paid-up share capital, free reserves, and securities premium, provided the total outstanding borrowings do not exceed ₹4,500 crore. This includes rupee loans, foreign currency loans, debentures, bonds, inter-corporate deposits, and non-fund-based facilities.

Concurrently, Resolution No. 6 authorized the creation of mortgages, charges, hypothecations, pledges, and other securities on present and future assets to secure these loans. The total value of loans secured by such assets, including interest and other charges, shall not exceed ₹4,500 crore.

Dividend and Governance Updates

The Board recommended a dividend of ₹4.50 per equity share of face value ₹10 each. Payments will be made to shareholders whose names appear on the Register of Beneficial Owners or Register of Members as of July 27, 2026.

Prem Singh Khamesra (DIN: 00049162), Non-Executive Non-Independent Director, was re-appointed as a Director after retiring by rotation. Additionally, the remuneration of Messrs D. Sabyasachi & Co., Cost Accountants, was ratified at ₹1,20,000 plus applicable Goods and Services Tax and reimbursement of actual out-of-pocket expenses for the financial year ending March 31, 2027.

Voting Process

Remote e-voting was available from July 31, 2026, at 9:00 A.M. to August 2, 2026, at 5:00 P.M. Rajesh Kumar Mishra (Certificate of Practice No. 4433), Practicing Company Secretary, acted as Scrutiniser for both remote e-voting and ballot voting. Forty-four members attended the meeting in person or through authorized representatives. No proxies were received. The final results, combining remote e-votes and ballot votes, were to be declared within two working days by Y.S. Lodha, Managing Director & Chief Executive Officer, or Ajay Kumar Sharma, Company Secretary.

Universal Cables Limited has fixed Monday, July 27, 2026, as the record date to determine shareholder eligibility for the 81st Annual General Meeting (AGM) and the payment of a final dividend for the financial year 2025-26. The AGM is scheduled for August 3, 2026. The Board has recommended a dividend of ₹4.50 per equity share, subject to the approval of shareholders at the meeting. If declared, the dividend will be paid on or before August 31, 2026, subject to tax deduction at source.

Financial Performance

The company reported its highest-ever standalone Revenue from Operations of ₹302267.33 lakhs in FY26, a growth of approximately 25.50% from the previous year. Net Profit After Tax increased by 68.52% to ₹9652.87 lakhs. On a consolidated basis, net profit stood at ₹16310.92 lakhs.

AGM Agenda and Resolutions

Shareholders will consider the adoption of audited financial statements, the declaration of dividend, and the re-appointment of a director. The agenda includes special resolutions to increase the company's borrowing limit to ₹4500 crore from the existing ₹3500 crore under Sections 180(1)(c) and 180(2) of the Companies Act, 2013. Additionally, shareholders will vote on creating securities on the company's assets up to ₹4500 crore under Section 180(1)(a). An ordinary resolution seeks ratification for the remuneration of the cost auditor, Messrs D. Sabyasachi & Co., at ₹1,20,000 plus applicable taxes.

Key Meeting Details