Polycab India Limited recorded a substantial block trade on the National Stock Exchange (NSE), highlighting significant institutional investor activity in the cable manufacturing company's shares.

Block Trade Details

The transaction involved a considerable volume and value, demonstrating the scale of institutional interest in the company's stock.

Market Significance

Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. These trades are conducted outside regular market hours to minimize impact on the stock's market price and ensure efficient execution of large orders.

The substantial value of ₹544.32 crores indicates the involvement of major institutional players, reflecting either strategic portfolio rebalancing or significant investment decisions regarding Polycab India's prospects.

Transaction Impact

The execution price of ₹7,192.50 per share represents the agreed-upon rate between the buyer and seller for this institutional transaction. Block trades provide liquidity for large shareholders while allowing institutional buyers to acquire significant positions efficiently.

This significant block trade underscores the continued interest in Polycab India's shares among institutional investors, potentially reflecting sentiment about the company's position in investment portfolios.

Polycab India Limited has achieved a 'B' rating from the Carbon Disclosure Project (CDP) for both Climate Change and Water Security stewardship, as announced in a regulatory disclosure dated December 12.

CDP Rating Achievement

The company informed stock exchanges that CDP has rated Polycab India Limited with a 'B' score for both Climate Change and Water Security categories. This disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations, following the SEBI circular dated November 11.

Detailed Category Performance

The CDP assessment evaluated Polycab across multiple environmental categories, with varying performance levels across different areas. The company demonstrated strong performance in several key categories:

High-Performing Categories (Grade A)

• Context evaluation
• Dependencies, Impacts, Risks and Opportunities Process
• Environmental Policies
• Opportunity Disclosure
• Risk Disclosure
• Verification (including Emissions)

Moderate Performance Areas (Grade B)

• Business Strategy for both Climate Change and Water Security
• Energy management
• Governance across both assessment areas
• Water Accounting

Areas for Improvement

The assessment also identified categories where the company received lower ratings, indicating potential areas for enhanced focus:

Regulatory Compliance

The disclosure was made to both BSE Limited and National Stock Exchange of India Limited. The announcement follows the company's commitment to transparency in environmental reporting and compliance with regulatory requirements under SEBI Listing Regulations.

The CDP rating system evaluates companies on their environmental disclosure, awareness, and management of environmental risks, providing stakeholders with insights into corporate environmental performance and sustainability practices.