The Board of Directors of the Universal Cables Limited has approved additional capital expenditure for augmenting the production capacity of XLPE Insulated Medium Voltage Power Cables through debottlenecking at the Company' s manufacturing facility at Satna, Madhya Pradesh. Existing Capacity(Manufacturing): XLPE Insulated Medium Voltage (?MV?) Power Cables of all types and voltage grades of around 6000 KMs per annum. Existing Capacity utilisation: Optimal Level; Details of Capacity Addition: Post debottlenecking, the production capacity shall stand increased by approx.

1500 KMs per annum. Period within which the capacity is to be added: The envisaged enhanced capacity is likely to be fully operational by March-2025. Investment: The additional capital expenditure is estimated to be approximately INR 200 million.

Mode of financings: Secured/Unsecured Loans and Internal Accruals. Project Rationale: The proposed debottlenecking of production capacity is planned for augmenting the volume of MV Power Cables with minimal additional fixed capital investment in order to meet anticipated growth in demand with shorter delivery schedule.