Polycab India Limited's Board of Directors has approved the re-appointment of two Independent Directors during its meeting held on April 03, 2026. The decisions were made based on recommendations from the Nomination and Remuneration Committee and are subject to shareholder approval through postal ballot.

Board Appointments Overview

The board meeting, which commenced at 12:00 noon and concluded at 01:00 p.m., focused on strengthening the company's leadership structure through these strategic re-appointments. Both directors have been confirmed as not being debarred from holding directorial positions by SEBI or any other regulatory authority.

Ms. Sutapa Banerjee's Profile and Experience

Ms. Sutapa Banerjee brings extensive experience to the board, having initially joined the company as an Independent Director on May 13, 2021. She possesses over 35 years of professional experience, with 24 years specifically in the financial services industry across prominent institutions including ANZ Grindlays, ABN AMRO, and Ambit Investment Bank.

Her notable achievements include:

• Recognition as one of the 'Top 20 Global Rising Stars of Wealth Management' by Institutional Investor Group in 2007
• Being the only Indian and one of only two awardees from Asia for this recognition
• Shortlisted in the '50 most Powerful Women' by Fortune India
• Serving as adjunct faculty in Corporate Governance at the Indian Institute of Corporate Affairs (IICA)

Mr. Bhaskar Sharma's Background and Expertise

Mr. Bhaskar Sharma is recognized as a business leader and marketing expert with specialized focus on accelerating business growth in emerging markets across Asia Pacific, Africa, and the Middle East. His comprehensive experience encompasses general management expertise, holistic market development, and building high-performance teams.

Key aspects of his professional profile include:

• Previous role as Director and Chief Executive Officer of Red Bull India
• Current position as Independent Director at HDB Financial Services Limited
• Role as Advisor and Special Invitee to the Board of EBG Federation
• Educational qualifications including Master's in Management Studies and Master of Science from Mumbai University

Regulatory Compliance and Independence

Both directors maintain complete independence from the company's promoter group. Ms. Banerjee and Mr. Sharma are not related to any promoters, members of the promoter group, or other directors of the company. The appointments comply with SEBI regulations and the company has confirmed that detailed information as required under SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 has been provided to the stock exchanges.

The company has disclosed this information to both BSE Limited and National Stock Exchange of India Limited in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information will also be made available on the company's website at www.polycab.com .

Polycab India Limited has announced that its scheme of amalgamation with Uniglobus Electricals and Electronics Private Limited has become operative and effective from March 27, 2026. The company informed the stock exchanges that both entities have successfully filed the certified copy of the NCLT order with their respective jurisdictional Registrar of Companies, completing the final step in the amalgamation process.

Amalgamation Timeline and Regulatory Approvals

The amalgamation process reached its conclusion following a series of regulatory approvals and filings. The Hon'ble National Company Law Tribunal, Ahmedabad Bench had earlier approved the scheme of amalgamation vide order dated February 27, 2026. Polycab had disclosed this NCLT approval to the exchanges on February 28, 2026.

Scheme Implementation Details

As per Clause 20.4 of Part III of the Scheme of Amalgamation, both Uniglobus Electricals and Electronics Private Limited (the transferor company) and Polycab India Limited (the transferee company) were required to file the certified copy of the NCLT order with their respective jurisdictional Registrar of Companies. This filing was completed on March 27, 2026, triggering the scheme's effectiveness from the same date.

Corporate Structure Impact

Under the approved scheme, Uniglobus Electricals and Electronics Private Limited will be amalgamated with Polycab India Limited. The amalgamation represents a strategic consolidation move, with Polycab serving as the surviving entity post-merger. The scheme has been structured in compliance with applicable regulatory requirements and received necessary approvals from the National Company Law Tribunal.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both BSE Limited and National Stock Exchange of India Limited, ensuring transparency for all stakeholders. The disclosure was signed by Manita Carmen A. Gonsalves, Vice President - Legal & Company Secretary, confirming the official nature of the communication.

With the scheme now effective, the amalgamation process has been completed, marking a significant corporate restructuring milestone for Polycab India Limited. The company has requested the stock exchanges to take note of this development for their records.