Universal Cables Limited, a prominent player in the cable manufacturing industry, has announced a significant change in its top management. Amit Kumar Chopra, the company's Chief Financial Officer (CFO), has tendered his resignation, effective from the close of business hours on September 22, 2025.

Resignation Details

The company disclosed this information in a regulatory filing to the BSE Limited and the National Stock Exchange of India Ltd. According to the filing, Chopra's decision to step down is attributed to personal reasons, as stated in his formal resignation letter dated July 26, 2025.

Impact on Company Structure

With this departure, Chopra will also cease to be a Key Managerial Personnel under Section 203 of the Companies Act, 2013. This change affects his role in determining the materiality of events or transactions for making required disclosures to the Stock Exchange, as per Regulation 30(5) of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations.

Transition Process

In his resignation letter, Chopra expressed gratitude for the opportunity to serve as CFO of Universal Cables Limited. He stated, "I am grateful for the opportunity to have served as CFO and appreciate the support and trust you and the board have placed in me." Chopra also committed to ensuring a smooth transition, saying, "I am committed to ensuring a smooth transition during my departure and will do everything I can to assist with the handover of my responsibilities."

Company's Response

Universal Cables Limited acknowledged Chopra's contributions and has initiated the process of transition. The company's filing, signed by Company Secretary Sudeep Jain, provided the necessary details as required under Regulation 30 of the SEBI LODR Regulations.

Looking Ahead

As Universal Cables Limited prepares for this transition in its financial leadership, the company has not yet announced a successor to the CFO position. Stakeholders will be keenly watching how this change might impact the company's financial strategies and operations in the coming months.

This development comes at a time when companies across sectors are witnessing significant shifts in their top management, often driven by personal or professional reasons. For Universal Cables Limited, the focus will now be on ensuring a seamless transition and maintaining the momentum in its financial operations.

Universal Cables Ltd has reported a remarkable financial performance for the first quarter, showcasing substantial growth across key metrics. The company's robust results reflect a significant improvement in its operational efficiency and market position.

Profit Soars

Universal Cables witnessed an extraordinary surge in its consolidated net profit, which skyrocketed to ₹329.00 crore, marking a staggering 488% increase from ₹55.90 crore in the corresponding quarter of the previous year. This exponential growth in profitability underscores the company's successful strategies and improved market conditions.

Revenue Growth

The company's top-line performance was equally impressive, with revenue climbing to ₹6,000.00 crore, up from ₹4,900.00 crore in the same period last year. This 22.4% year-over-year growth in revenue indicates strong demand for Universal Cables' products and services.

EBITDA and Margin Improvement

Universal Cables demonstrated significant improvement in its operational efficiency:

• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose sharply to ₹578.00 crore, compared to ₹327.00 crore in the previous year, representing a 76.8% increase.
• The EBITDA margin expanded substantially, reaching 9.63% compared to 6.7% in the same quarter last year, indicating enhanced operational efficiency and cost management.

Financial Performance Overview

The substantial improvements across all financial metrics reflect Universal Cables' strong market position and effective execution of its business strategies. The company's ability to significantly enhance its profitability while growing its revenue base demonstrates its operational leverage and market strength.

As Universal Cables continues to build on this momentum, investors and industry observers will be keenly watching to see if the company can sustain this impressive performance in the coming quarters. The robust Q1 results set a high benchmark for the company's performance expectations for the rest of the fiscal year.