Polycab India Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 to the stock exchanges. The filing, made pursuant to Regulation 34(2)(f) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, includes an Independent Assurance Statement on BRSR Core Indicators provided by TUV India Private Limited. The report outlines the company's performance across environmental, social, and governance parameters, including a target to achieve 50% renewable electricity consumption by 2030.

Financial and Operational Highlights

In FY 2025-26, Polycab recorded export revenue of ₹12.3 billion, accounting for 4.4% of the company's standalone turnover. The business operates across 94 countries, supported by a robust order book and demand visibility in regions such as the European Union, Latin America, Australia, Africa, and the Middle East. The company's paid-up capital stands at ₹1,505.51 million.

Sustainability Targets and Performance

The company has established a comprehensive set of ESG targets for the period leading up to 2030. Key commitments include achieving 50% renewable electricity consumption, zero waste to landfill, and using 30% recycled water by 2030. Operationally, renewable energy contributed 18.35% to the electricity mix in FY 2025-26, supported by 32.8 MW of combined solar and wind capacity. Additionally, 62.8% of waste generated was recycled or recovered, marking progress towards the zero waste to landfill target.

Employee and Workforce Statistics

As of March 31, 2026, the company had a total workforce of 18,216 individuals, comprising 4,574 employees and 13,642 workers. The permanent employee count stood at 3,885, while permanent workers numbered 1,775. Women represented 22.2% of the Board of Directors and 50% of Key Management Personnel. The company reported a total attrition rate of 5.66% for employees and 2.49% for workers during the financial year.

Governance and Assurance

The Board of Directors serves as the highest authority responsible for the oversight of business responsibility policies. The Corporate Social Responsibility and ESG Committee provides specific decision-making support on sustainability issues. An independent assessment of the company's policies was carried out by MMJC Consultancy LLP, while TUV India Private Limited provided reasonable assurance for core indicators and limited assurance for non-core indicators in the BRSR.

Polycab India Limited submitted its 30th Integrated Annual Report for the financial year 2025-26 to BSE Limited and the National Stock Exchange of India Limited on June 8, 2026, pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, which includes the Business Responsibility and Sustainability Report (BRSR) and Notice of the Annual General Meeting (AGM), has been dispatched electronically to shareholders with registered email addresses. The 30th AGM is scheduled for Tuesday, June 30, 2026, at 09:00 a.m. (IST) through Video Conferencing/Other Audio Visual Means (VC/OAVM).

AGM and E-Voting Details

The company has provided remote e-voting facilities through National Securities Depository Limited (NSDL). Voting rights are proportionate to shares held as on the cut-off date of Tuesday, June 23, 2026.

FY 2025-26 Financial Performance

Polycab delivered its highest-ever revenue and profitability in FY 2025-26. Consolidated revenue grew 29% YoY, surpassing the ₹285 billion mark, while EBITDA rose 35% YoY with margins at 13.9%. PAT crossed the ₹25 billion milestone, registering 32% YoY growth. The company described this as its fourth consecutive year as the most profitable company in the Indian electrical industry.

Segment-Wise Performance

Growth was broad-based across all business verticals. The Wires and Cables segment remained the primary revenue engine, contributing 87% of consolidated revenues.

The Institutional Business within the W&C segment grew by over 50% YoY. The FMEG segment achieved consecutive profitable quarters throughout the year, driven by premiumisation and an optimised product mix. The EPC segment secured significant contracts under BharatNet Phase-III aggregating to approximately ₹80 billion. The International Business expanded its presence to 94 geographies, adding 10 new geographies during the year.

Strategic Priorities: Project Spring

Project Spring, the company's five-year strategic roadmap to FY 2029-30, remained central to execution during the year. Key guidance parameters under the plan include:

• Growing the W&C business at approximately 1.5x the industry growth rate
• Maintaining long-term EBITDA margins within W&C between 11% and 13%
• Increasing the contribution of international business to over 10% of total revenues
• Growing FMEG at 1.5x to 2x the industry rate, targeting EBITDA margins of 8% to 10% by FY 2029-30
• Investing ₹60–80 billion in capital expenditure over the next five years
• Increasing dividend payout ratio towards 30% by FY30

During the year, the company invested approximately ₹1,500 crore under Project Spring guidance, marking the highest-ever annual capex in Polycab's history.

Leadership and Governance

Mr. Bharat A. Jaisinghani and Mr. Nikhil R. Jaisinghani were redesignated as Joint Managing Directors with effect from January 16, 2026, and subsequently re-appointed as Whole-time Directors for a term of five years commencing from May 13, 2026. Mr. Niyant Maru was appointed as Chief Financial Officer with effect from October 28, 2025. The Board comprises nine directors, including five Independent Directors, with 22% women's representation.

ESG and Sustainability Highlights

The company published its inaugural Sustainability Report for FY 2025-26 and conducted a Double Materiality Assessment. Key ESG metrics for the year included:

The non-financial information presented under the BRSR framework was independently assured by TUV India Pvt. Ltd. in accordance with ISAE 3000 (Revised), with reasonable assurance for BRSR Core indicators and limited assurance for non-Core BRSR and selected GRI disclosures. The Integrated Annual Report and Sustainability Report are available on the company's website at www.polycab.com .