Polycab India Reappoints Ernst & Young LLP as Internal Auditors for FY 2026-27
Polycab India Limited's Board of Directors, at its meeting on May 06, 2026, approved the re-appointment of Ernst & Young LLP (EY) as Internal Auditors for Financial Year 2026-27. The disclosure was made under Regulation 30(6) of SEBI Listing Regulations, with EY recognised globally across assurance, tax, strategy & transactions, and consulting services.
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The Board of Directors of Polycab India Limited , at its meeting held on May 06, 2026, approved the re-appointment of Ernst & Young LLP (EY) as Internal Auditors for Financial Year 2026-27. The disclosure was made pursuant to Regulation 30(6) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Re-appointment Details
The following table summarises the key details of the re-appointment as disclosed in Annexure A filed with the stock exchanges:
| Parameter: | Details |
|---|---|
| Nature of Change: | Re-appointment |
| Auditor Name: | Ernst & Young LLP (EY) |
| Role: | Internal Auditors |
| Effective Date: | May 06, 2026 |
| Term: | Financial Year 2026-27 |
| Director Relationship Disclosure: | Not Applicable |
About Ernst & Young LLP
EY is a Limited Liability Partnership registered under the Limited Liability Partnership Act, 2008 in India. The firm is recognised as a global leader across four integrated service lines:
- Assurance
- Tax
- Strategy & Transactions
- Consulting Services
Regulatory Compliance
The intimation was submitted to both BSE Limited and the National Stock Exchange of India Limited in accordance with applicable listing regulations. The communication was signed by Manita Carmen A. Gonsalves, Vice President Legal and Company Secretary of Polycab India Limited (Membership No.: A18321). The company has also indicated that the information will be made available on its official website at www.polycab.com .
Historical Stock Returns for Polycab
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.89% | +11.99% | +25.68% | +20.43% | +54.30% | +519.85% |
How might EY's continued role as internal auditor influence Polycab India's ability to detect and address compliance gaps, particularly given the company's past scrutiny over alleged tax evasion?
Will Polycab India consider rotating its internal auditors in future financial years to strengthen audit independence, in line with evolving corporate governance best practices in India?
How could the findings from EY's internal audit for FY2026-27 impact Polycab India's financial disclosures, investor confidence, or credit ratings going forward?
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