Universal Cables Limited has announced the resignation of a senior management personnel, marking a key organizational change at the company's Goa operations. The development was formally communicated to stock exchanges in compliance with regulatory requirements.

Senior Management Departure

Mr. Amit Kasture, who served as Assistant Vice-President (Works)/Factory Manager at the company's Goa Unit, has resigned from his position effective January 12, 2026. The resignation follows the completion of his one-month notice period, which he served from December 12, 2025.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both BSE Limited and National Stock Exchange of India Limited, ensuring complete transparency regarding the senior management change.

The resignation letter, dated December 12, 2025, was submitted to the HR Manager at Universal Cables Limited's Goa facility located at Verna Industrial Estate. In his resignation communication, Mr. Kasture expressed gratitude to the management, seniors, colleagues, and the entire Universal Cables family for their guidance and support during his tenure.

Professional Transition

Mr. Kasture committed to discharging his duties and responsibilities during the notice period and completing pending assignments to the best of his ability. The outgoing executive acknowledged the support received from the organization and extended wishes for continued success and prosperity to the company.

The Goa unit, where Mr. Kasture served as Factory Manager, is located at Plot nos. L-58 to L-60, Verna Industrial Estate, Verna Salcette, Goa. The facility represents one of Universal Cables Limited's key manufacturing operations under the MP Birla Group umbrella.

Company Communication

The formal communication to stock exchanges was signed by Company Secretary Sudeep Jain on January 12, 2026. The disclosure included all required details as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring complete regulatory compliance for the senior management personnel change.

ICICI Prudential Mutual Fund has significantly reduced its stake in Universal Cables , according to recent regulatory filings. The fund house sold 7,34,833 shares of the company through net disposal over a period spanning from September 06, 2024 to November 20, 2025.

Shareholding Changes

The reduction in shareholding has resulted in a notable decrease in ICICI Prudential Mutual Fund's ownership of Universal Cables. Here's a breakdown of the changes:

This substantial decrease in shareholding, amounting to more than 2% of Universal Cables' paid-up capital, has triggered regulatory disclosure requirements under SEBI takeover regulations.

Regulatory Implications

The significant reduction in stake by ICICI Prudential Mutual Fund highlights the importance of transparency in the stock market. Such disclosures are crucial for maintaining market integrity and keeping investors informed about substantial changes in ownership patterns of listed companies.

While the reasons behind this reduction in stake are not specified in the available information, such moves by institutional investors are often closely watched by market participants as they may influence market sentiment and trading patterns.