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.

Polycab has communicated its outlook for the upcoming period, indicating expectations for steady volume growth across its operations. The electrical equipment manufacturer is positioning itself for consistent performance despite facing certain market challenges.

Middle East Market Challenges

The company has identified specific challenges emerging from its Middle East operations. These regional market difficulties are expected to impact the company's overall performance, though the extent and duration of these challenges have not been detailed in the current guidance.

Q4 Profit Margin Outlook

Regarding its fourth quarter financial performance, Polycab has provided updated guidance on profit margins. The company expects its Q4 profit margins to fall within the lower range of its previously announced predictions. This revised outlook suggests a more conservative approach to margin expectations for the quarter.

Volume Growth Expectations

Despite the regional challenges, Polycab maintains a positive outlook on volume growth. The company anticipates steady volume expansion, indicating confidence in its core business operations and market demand for its electrical products and solutions.

The combination of steady volume growth expectations alongside margin pressures and regional challenges presents a mixed picture for Polycab's near-term performance. The company appears to be managing through a period of operational adjustments while maintaining focus on volume expansion.