Polycab India Limited declared a dividend of ₹47 per equity share for the financial year ended March 31, 2026, during its 30th Annual General Meeting (AGM) held on June 30, 2026. The meeting, conducted via Video Conferencing, saw shareholders approve all proposed resolutions, including the adoption of audited financial statements and the re-appointment of a director. The scrutinizer's report confirmed that a total of 1,297 shareholders participated in the voting process, representing 11,78,23,297 shares.

The remote e-voting facility was open from June 27, 2026, to June 29, 2026, followed by e-voting during the AGM on June 30, 2026. The votes were scrutinized in the presence of witnesses Mr. Kapil Rawat and Mr. Shreyash Bhogal. M/s. BNP and Associates acted as the Scrutinizer for the process.

Voting Results on Ordinary Business

Shareholders approved the adoption of the Audited Standalone Financial Statements for FY26 with 99.967% of valid votes in favour. The resolution received 11,76,65,586 votes in favour and 38,526 against. Similarly, the Audited Consolidated Financial Statements were adopted with 99.967% approval, garnering 11,76,65,524 votes in favour and 38,526 against.

The resolution to declare a dividend of ₹47 per share passed with 100% of the valid votes cast in favour. A total of 11,77,42,172 votes supported the dividend declaration, while only 201 votes were cast against it. Additionally, Mr. Vijay Pratap Pandey was re-appointed as Director liable to retire by rotation, securing 97.659% of the valid votes with 11,49,71,033 votes in favour.

Special Business Approvals

Under special business, shareholders ratified the remuneration payable to R. Nanabhoy & Co., Cost Accountants, for the financial year ending March 31, 2027. This resolution received 11,77,26,961 votes in favour, representing 100% of the valid votes cast. The company appointed National Securities Depository Ltd. (NSDL) as the service provider for the e-voting process, while KFin Technologies Ltd. acted as the Registrar and Share Transfer Agents.

Polycab India Limited announced that the Income Tax Appellate Tribunal (ITAT) has dismissed appeals filed by the Income Tax Department for Assessment Years 2015-16 to 2023-24, relevant to Financial Years 2014-15 to 2022-23. The tribunal upheld the earlier orders of the Commissioner of Income Tax (Appeals), which had granted complete relief to the company regarding additions and disallowances made by the tax authority. Consequently, Polycab does not anticipate any adverse impact on its financials or operations arising from the said order.

The company received the ITAT order on June 24, 2026. The order pertains to appeals filed by the Income Tax Department against the rulings of the Commissioner of Income Tax (Appeals). The tribunal's decision effectively closes the litigation for the specified assessment years in favor of Polycab.

Details of the Order

The following table outlines the key details of the regulatory disclosure:

The appeals challenged the relief granted by the Commissioner of Income Tax (Appeals) against the additions and disallowances originally made by the Income Tax Authority. By dismissing the department's appeals, the ITAT has validated the company's position for the period under review.

Polycab stated that, following consultation with its tax advisors, it does not expect any adverse financial or operational impact as a result of the tribunal's decision. The disclosure was submitted to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.