1945 - The Company was Incorporated on 6th March, at Calcutta. The
company manufacture and deal in wires, cables and lines of all
kinds including A.C.S.R. and all-aluminium and copper
- 91,800 shares taken up by Directors, etc. 2,58,200 shares offered
to public. 275 shares forfeited.
1961 - The name of the company was changed from Hindustan Woollen Mills,
Ltd., to Universal Cables, Ltd., effective from 15th May.
1977 - 4,79,808 right shares issued at par in prop. 19:50.
1979 - Forfeiture on 40 shares annulled during 1978-79 and on another 40
shares in 1979-80. 8,67,824 bonus shares issued in prop. 1:2 in
1983 - The imported plant for the manufacture of cross-linked
polyethylene compounds was received and it was under
- The Company proposed to manufacture high-performance speciality
cables for aerospace, electronics, telecommunications,
transportation oil exploration and defence industries.
- A letter of intent was received from the Government of India for
production of irradiated heat shrinkable products and irradiated
heat trace cable.
- The Company's technical collaboration with General Electric
Company of USA for the manufacture of capacitors expired during
1984 - The Company signed a collaboration agreement with General
Electric, USA, for the manufacture of capacitors with superior
quality non-toxic impregnant.
1987 - 27,34,280 shares issued (prem. Rs 25 per share); 26,04,077 shares
as rights in prop. 1:1 and 1,30,203 shares to employees under
Stock Option Scheme. (All were taken up).
1990 - Development efforts were afoot for the manufacture of new
products, such as, CATV cable, cables for telephone switching
systems, LAN for computers and aerial bunched cables.
- The Company incurred a capital expenditure of Rs 7.24 crores for
expansion, manufacture of new products and updating of
technology. New products such as water-cooled DC high voltage
reactor cable, Geo-phone, Tethar cable etc, were being developed.
1991 - The Company also issued another 7,00,000-14% redeemable
non-convertible debentures of Rs 100 each to financial
institutions on private placement basis. These are to be
redeemed premium of 5% in three yearly instalments commencing
from 28th October, 1996.
1992 - With the help of R&D, it was proposed to develop special cables
for elevators, electronic equipment etc.
- The Company along with Vindhya Telelinks Ltd., and Ericosson
Cables AB of Sweden, promoted a new company viz., Birla Ericsson
Optical Ltd., for the manufacture of fibre optic cables.
1993 - Several new products were developed for defence production and
- 1,00,000-15% redeemable non-convertible debentures of Rs 100 each
were privately placed with UTI. These debentures are redeemable
at par by August 1st.
- The financial institutions were allotted 1,50,000-15% redeemable
non-convertible debentures worth Rs 1.50 crores. These
debentures are redeemable at 5% premium on the expiry of 7th year
- The Company issued 26,69,179 No. of equity shares of Rs 10 each
for cash at a premium of Rs 75 per share on Rights basis in the
proportion 1:2 (only 26,67,879 shares taken up).
- Another 1,33,459 No. of equity shares at a premium of Rs 75 per
shares were also issued to the employees on an equitable basis
(only 11,650 shares taken up).
- During September, 2,818 Rights equity shares part of 1988 issue
were forfeited for non-payment of calls.
1994 - The Company entered into a joint venture agreement with the
world-renowned multinational power equipment company ASEA BROWN
BOVERI (ABB) to set up a new company viz. 'Universal-ABB Power
Cables Ltd.' for the manufacture of High Voltage Cross linked
Polythene insulated power cables.
- 80,15,489 bonus shares issued in prop. 1:1.
1997 - The Company received a letter of intent for the manufacture of
cross-linked polytheylene (XLP) compounds.
2002- Universal Cables Ltd has informed that M A Alagappan a Director of the company has resigned from the Board of Directors of the company w.e.f January 30, 2002.
-Shri. Jagdish Chandra Sharma has been appointed as a Director of the Company by the Board of Directors w. e. f. October 27, 2006.
-Universal Cables Ltd has appointed Shri. Dinesh Chanda as a Director of the Company by the Board of Directors w.e.f. May 23, 2007.