Polycab India Limited , a prominent player in the electrical goods industry, has announced a significant addition to its leadership team. The company has appointed Vivek Sharma as Deputy Managing Director (Non-Board Member) for a five-year tenure, effective October 4, 2021.

Board Approval and Appointment Details

The appointment of Vivek Sharma was approved by Polycab India's Board of Directors, following recommendations from the Nomination and Remuneration Committee. This strategic move aims to strengthen the company's executive leadership and drive future growth initiatives.

Vivek Sharma's Professional Background

Vivek Sharma brings a wealth of experience to his new role at Polycab India, with over 35 years of corporate expertise in the consumer electricals and durables sector. Prior to joining Polycab, Sharma held the position of Managing Director at Panasonic Life Solutions India, showcasing his proven track record in the industry.

Educational Qualifications

Sharma's educational background reflects a strong foundation in both technical and management disciplines:

• Physics degree from Fergusson College
• MBA in Marketing from Symbiosis Institute of Business Management
• Additional management courses from prestigious Indian Institutes of Management (IIMs)

This diverse educational background positions Sharma well to contribute to Polycab India's strategic initiatives and operational excellence.

Independence and Corporate Governance

It's worth noting that Vivek Sharma is not related to any promoters, promoter group members, or directors of Polycab India Limited. This independence aligns with good corporate governance practices and ensures objective decision-making in his role as Deputy Managing Director.

The appointment of Vivek Sharma as Deputy Managing Director is expected to bring fresh perspectives and industry insights to Polycab India Limited. As the company continues to navigate the dynamic electrical goods market, Sharma's extensive experience and leadership could play a crucial role in shaping its future strategies and growth trajectory.

Polycab India Ltd. , a prominent player in the Indian electrical goods industry, recently conducted a significant block trade on the National Stock Exchange (NSE), highlighting investor interest in the company's shares.

Block Trade Details

The block trade involved approximately 149,094 shares of Polycab India, which were transacted at a price of Rs. 6,754.50 per share. This substantial trade resulted in a total transaction value of Rs. 100.71 crores.

Market Impact

Block trades of this magnitude often attract attention from market participants as they can indicate significant moves by institutional investors or large shareholders. Such transactions can sometimes influence market sentiment and trading patterns in the short term.

About Polycab India Ltd.

Polycab India Ltd. is a leading manufacturer of electrical wires and cables in India. The company has diversified into various electrical products, including:

• Wires
• Cables
• Fast-moving electrical goods (FMEG)
• Other related products

While the specific reasons behind this block trade have not been disclosed, such transactions are typically executed off-market to minimize the impact on the stock's regular trading price and volume.

Investors and market analysts will likely monitor Polycab India's stock performance and any subsequent disclosures to gauge the potential implications of this significant trade on the company's ownership structure or market perception.