Polycab India CFO Gandharv Tongia to Step Down by October 2025
Gandharv Tongia, Executive Director and CFO of Polycab India Limited, has resigned citing personal reasons. His resignation will be effective on or before October 27, 2025. The company's Board and Management have acknowledged Tongia's contributions. This announcement was made in compliance with SEBI regulations and communicated to both BSE and NSE. Polycab India Limited, a leading manufacturer of wires and cables, has not yet announced a successor for the CFO position.

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Polycab India Limited , a leading manufacturer of wires and cables, has announced a significant change in its top management. Gandharv Tongia, the company's Executive Director and Chief Financial Officer (CFO), has tendered his resignation, citing personal reasons.
Key Details of the Resignation
- Effective Date: Tongia's resignation will be effective from the close of business hours on or before October 27, 2025.
- Position: Executive Director & CFO (Key Managerial Personnel)
- Reason: Personal reasons, as stated in the company's filing
Company's Response
The Board of Directors and Management of Polycab India Limited have acknowledged Tongia's contributions during his tenure with the company. In an official statement, they expressed their sincere appreciation for his service.
Regulatory Compliance
Polycab India Limited has made this announcement in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company has duly informed both the BSE Limited and the National Stock Exchange of India Limited about this development.
About Polycab India Limited
Polycab India Limited is a prominent player in the Indian wire and cable industry. The company's registered office is located in Halol, Gujarat, while its corporate office is situated in Mumbai, Maharashtra.
Looking Ahead
As the transition period approaches, stakeholders will be keen to see how Polycab India Limited plans to fill this crucial position. The company has not yet announced a successor for the CFO role.
This change in the top management comes at a time when companies across sectors are focusing on strong financial stewardship to navigate the evolving economic landscape. Polycab India Limited's next steps in appointing a new CFO will be closely watched by investors and industry observers alike.
Historical Stock Returns for Polycab
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.49% | +2.22% | +1.46% | +21.25% | +3.24% | +698.95% |