Polycab India Limited has announced a key leadership appointment to strengthen its B2B operations, naming Mr. Shashi Amin as Director (Non-Board Member) and CEO-B2B Channel & Corporate Communication effective January 05, 2026. The appointment was made following the Board's recommendation by the Nomination and Remuneration Committee.

Strategic Leadership Transition

The appointment comes as part of a strategic leadership restructuring following the departure of Mr. Bhushan Sawhney, who resigned from his position as Executive President and Chief Business Officer - B2B on February 03, 2025, due to personal reasons. His cessation from the company became effective on May 02, 2025.

Professional Background and Qualifications

Mr. Shashi Amin, aged 58 years, brings extensive educational credentials and industry experience to his new role. He holds a Bachelor of Technology in Electrical Power System from Amravati University and a Master's in Marketing Management from Welingkar Institute of Management, Mumbai.

Industry Experience and Leadership Roles

Mr. Amin's professional journey spans over 37 years in sales, marketing, business development, and P&L management within the cable industry. His career includes leadership positions across several prominent organizations including Apar Industries Limited, BICC Bahrain, and Nicco Corporation Limited.

Notably, Mr. Amin has previous experience with Polycab India Limited, having served as President and SBU Head Cables from July 2011 to March 2022. This prior association with the company provides him with valuable institutional knowledge and understanding of Polycab's operations and culture.

Strategic Focus Areas

The appointment aligns with Polycab's strategic priorities to ensure strong leadership for its B2B vertical. Mr. Amin's extensive experience in the cable industry, combined with his proven track record in sales, marketing, and business development, positions him to drive growth and operational excellence in the B2B segment.

The company has disclosed this appointment in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders and regulatory authorities.

Polycab India Limited recorded a significant block trade on the National Stock Exchange (NSE), with approximately 792,644 shares changing hands at ₹7,700.00 per share, representing a total transaction value of ₹610.34 crores.

Block Trade Details

The large-scale transaction involved substantial volume, indicating institutional or high-net-worth investor participation. Block trades are typically executed when large quantities of shares need to be traded without impacting the regular market price discovery mechanism.

Market Significance

Block trades of this magnitude often represent strategic portfolio movements by institutional investors, mutual funds, or other large market participants. Such transactions are conducted outside the regular trading system to minimize market impact while facilitating large-volume transfers.

The execution at ₹7,700.00 per share reflects the agreed-upon price between the participating parties for this substantial equity transaction in Polycab India's stock.