Universal Cables AGM 2026: Dividend and ₹4,500 Cr Borrowing

AGM date, time, and venue

Universal Cables Limited has scheduled its 81st Annual General Meeting (AGM) for August 3, 2026. The meeting will be held at 9.30 A.M. at the company’s Registered Office in Satna, Madhya Pradesh. The venue address is P.O. Birla Vikas, Satna - 485 005 (M.P.). Shareholders will be asked to approve the adoption of audited financial statements for the year ended March 31, 2026. Alongside routine business, the company has put key proposals on dividend, borrowing limits, and cost audit remuneration for voting.

Dividend proposal for FY26

A central item for shareholders is the dividend recommended for the financial year 2025-26 (FY26). The Board of Directors has recommended a dividend of ₹4.50 per equity share. The dividend represents 45% of the face value, based on equity shares with a face value of ₹10 each. The dividend proposal is subject to shareholder approval at the AGM. If approved, the dividend will be paid on or before August 31, 2026.

Record date and shareholder eligibility

Universal Cables has fixed July 27, 2026, as the record date to determine shareholder eligibility for the FY26 dividend. The company has also stated that members holding shares as on the cut-off date of July 27, 2026 are eligible to participate in the remote e-voting process. The eligibility framework ties the voting rights and dividend entitlement to the same cut-off date mentioned in the AGM notice details provided. This sets a clear timeline for shareholders who want to vote or be considered for the proposed payout.

Remote e-voting window

The company has provided a remote e-voting facility ahead of the AGM. Remote e-voting will be available from July 31, 2026 at 9.00 A.M. until August 2, 2026 at 5.00 P.M. This window gives shareholders a structured period to cast votes without attending the meeting in person. The cut-off date for determining members eligible for remote e-voting is July 27, 2026.

Special resolution: increasing the borrowing limit

A key agenda item involves raising the company’s borrowing ceiling. Universal Cables will seek shareholder approval through a special resolution to supersede the previous borrowing limit of ₹3,500 crore. The proposal is to enhance the borrowing limit to ₹4,500 crore. The AGM agenda also includes a proposal linked to the creation of security on assets up to ₹4,500 crore. Together, these resolutions expand the headroom for debt and associated security creation, subject to shareholder approval.

Cost auditor remuneration to be ratified

Shareholders will also vote on an ordinary resolution related to cost audit. The company has proposed ratification of the remuneration of Messrs D. Sabyasachi & Co., Cost Accountants. The remuneration proposed is ₹1,20,000 plus applicable Goods and Services Tax, along with reimbursement of actual out-of-pocket expenses. This ratification is for the audit of cost records for the financial year ending March 31, 2027.

FY26 performance snapshot shared in the context

The information provided also includes a FY26 financial performance snapshot for Universal Cables. Revenue for FY26 is stated at ₹3,022.67 crore, with +25.50% year-on-year growth and described as record turnover. Standalone PAT is stated at ₹96.53 crore (+68.52% YoY), while consolidated PAT is ₹163.11 crore. EBITDA margin is listed at 9.60%, up by 120 bps year-on-year. The FY26 dividend recommendation of ₹4.50 per share is presented alongside this operating and profit performance.

What investors should track around the dividend

For shareholders focused on dividends, the immediate dates to track are the record date and the payment timeline. Universal Cables has set July 27, 2026 as the record date for FY26 dividend eligibility. If shareholders approve the dividend at the AGM on August 3, 2026, the company has indicated it will pay on or before August 31, 2026. This sequence provides a defined schedule from entitlement determination to expected payment.

Earlier AGM and dividend references

The broader context includes references to the company’s 80th AGM held on September 12, 2025 at 4.00 P.M. at the registered office. For FY2024-25, the Board of Directors had considered and recommended a dividend of ₹4 per equity share. A separate set of dividend details in the provided context mentions an ex-date of 04-Sep-2025 and a record date of 05-Sep-2025 for a ₹4.00 per share dividend. These prior-year references provide historical context on dividend levels and shareholder timelines as the company moves into the FY26 dividend vote.

Key facts table

Why the AGM agenda matters

The dividend vote is a direct shareholder decision on cash returns for FY26. The borrowing limit and security creation resolutions are significant because they set the outer boundary for leverage and secured borrowing, replacing a prior cap of ₹3,500 crore with ₹4,500 crore. The cost auditor remuneration item, while smaller in value, is a governance process that ties into statutory cost record audits for FY2026-27. For investors, these resolutions collectively indicate the company’s near-term priorities around capital structure flexibility, compliance, and distribution of profits.

Conclusion

Universal Cables’ 81st AGM on August 3, 2026 will address adoption of FY26 audited financial statements, a ₹4.50 per share dividend proposal, and an increase in borrowing limits to ₹4,500 crore. Shareholders can use the remote e-voting facility from July 31 to August 2, 2026, with July 27, 2026 as the cut-off and record date referenced for eligibility. If the dividend is approved, the company has stated payment will be made on or before August 31, 2026. The AGM outcomes will formalise these shareholder approvals and close the company’s FY26 distribution decision.