Polycab India Shareholders Approve Re-appointment of Independent Directors Sutapa Banerjee and Bhaskar Sharma via Postal Ballot

Polycab India Limited announced the results of its postal ballot e-voting on May 11, 2026, confirming that shareholders have approved the re-appointment of two Independent Directors through Special Resolutions. The resolutions were deemed passed on May 10, 2026 — the last date of the e-voting period — in compliance with Regulation 30 and Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013.

Resolutions Passed

The postal ballot notice, dated April 03, 2026, was approved by the Board of Directors and contained two Special Resolutions pertaining to the re-appointment of Independent Directors. The e-voting period commenced on Saturday, April 11, 2026 at 9.00 a.m. IST and concluded on Sunday, May 10, 2026 at 5.00 p.m. IST.

Resolution No.	Description	Type
1.	Re-appointment of Ms. Sutapa Banerjee (DIN: 02844650) as an Independent Director	Special Resolution
2.	Re-appointment of Mr. Bhaskar Sharma (DIN: 02871367) as an Independent Director	Special Resolution

E-Voting Results: Ms. Sutapa Banerjee (Resolution 1)

The first resolution for the re-appointment of Ms. Sutapa Banerjee received strong shareholder support. Out of a total of 15,05,52,648 shares held, 13,14,70,060 votes were polled, representing 87.325% of outstanding shares. The detailed voting breakdown across shareholder categories is presented below.

Category	Shares Held	Votes Polled	% Polled	Votes in Favour	Votes Against	% in Favour	% Against
Promoter & Promoter Group	9,25,82,842	9,25,82,842	100.000	9,25,82,842	-	100.000	-
Public Institutions	3,93,53,982	3,35,16,265	85.166	2,87,34,762	47,81,503	85.734	14.266
Public Non-Institutions	1,86,15,824	53,70,953	28.852	53,69,667	1,286	99.976	0.024
Total	15,05,52,648	13,14,70,060	87.325	12,66,87,271	47,82,789	96.362	3.638

Resolution 1 was passed with requisite majority, with 12,66,87,271 votes (96.362%) cast in favour and 47,82,789 votes (3.638%) against. The number of abstained/less voted shares stood at 27,568.

E-Voting Results: Mr. Bhaskar Sharma (Resolution 2)

The second resolution for the re-appointment of Mr. Bhaskar Sharma received an even higher level of shareholder approval. Out of a total of 15,05,52,648 shares held, 13,14,30,877 votes were polled, representing 87.299% of outstanding shares.

Category	Shares Held	Votes Polled	% Polled	Votes in Favour	Votes Against	% in Favour	% Against
Promoter & Promoter Group	9,25,82,842	9,25,82,842	100.000	9,25,82,842	-	100.000	-
Public Institutions	3,93,53,982	3,34,77,077	85.067	3,24,62,552	10,14,525	96.969	3.031
Public Non-Institutions	1,86,15,824	53,70,958	28.852	53,69,689	1,269	99.976	0.024
Total	15,05,52,648	13,14,30,877	87.299	13,04,15,083	10,15,794	99.227	0.773

Resolution 2 was passed with requisite majority, with 13,04,15,083 votes (99.227%) cast in favour and 10,15,794 votes (0.773%) against. The number of abstained/less voted shares stood at 66,751.

Process and Compliance

The postal ballot e-voting process was conducted through National Securities Depository Limited (NSDL) as the Electronic Voting Service Provider (EVSP), with KFin Technologies Limited serving as the Registrar and Share Transfer Agent (RTA). The total number of shareholders on the record date of April 03, 2026 was 3,74,452, of whom 3,60,471 members received the Postal Ballot Notice via e-mail. A public notice was published on April 11, 2026 in Financial Express (English) and Gujarat Samachar (Gujarati) to address 13,981 members whose email addresses were not available.

Mr. Avinash Bagul (Membership No. F5578 / CP No. 19862), Partner of M/s. BNP & Associates, Practicing Company Secretaries, was appointed as the Scrutinizer to oversee the e-voting process in a fair and transparent manner. The votes were unblocked in the presence of witnesses Mr. Shreyash Bhogal and Mr. Kapilsingh Rawat, who are not in the employment of the Company. The Scrutinizer's Report and voting results are available on the Company's website at www.polycab.com and on NSDL's website at https://evoting.nsdl.com .

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.49%	+6.60%	+15.00%	+15.72%	+48.31%	+475.73%

Polycab India Limited has allotted equity shares to eligible employees who exercised their vested options under the Polycab Employee Stock Option Performance Scheme 2018. The allotment was carried out pursuant to a Finance and Operations Committee meeting held on May 07, 2026, and the company has formally notified the stock exchanges of this development in compliance with listing obligations.

Allotment Details

The Finance and Operations Committee, at its meeting on May 07, 2026, approved the allotment of equity shares to employees who had exercised their options under the scheme. The key details of the allotment are outlined below:

Parameter:	Details
Date of Allotment:	May 07, 2026
Number of Equity Shares Allotted:	2,700
Face Value per Share:	₹10/-
Scheme:	Polycab Employee Stock Option Performance Scheme 2018
Approving Committee:	Finance and Operations Committee

Regulatory Disclosure

The allotment intimation was submitted to the Department of Corporate Services at BSE Limited and the Listing Department at the National Stock Exchange of India Limited. The disclosure was signed by Manita Carmen A. Gonsalves, Vice President-Legal and Company Secretary of Polycab India Limited, in her official capacity.

Employee stock option schemes are a common mechanism used by companies to align employee interests with organizational performance by granting eligible personnel the right to acquire shares at a predetermined price. The allotment of 2,700 equity shares of ₹10 face value each under the 2018 scheme reflects the ongoing exercise of options by eligible employees of Polycab India.