Polycab India has received significant relief in its income tax proceedings, with the company announcing a substantial reduction in its tax demand from the authorities.

Major Tax Demand Reduction

The electrical equipment manufacturer disclosed that its income tax demand has been reduced to ₹575.8 million from the earlier demand of ₹3.27 billion. This development represents a considerable decrease of approximately 82% in the company's tax liability.

Financial Impact

This substantial reduction in income tax demand provides significant financial relief to Polycab India. The decrease of approximately ₹2.69 billion in tax liability represents a positive development for the company's financial position and cash flow management.

Company Profile

Polycab India operates as a leading manufacturer of electrical equipment and solutions in the Indian market. The resolution of this tax matter removes a significant financial uncertainty for the company and its stakeholders.

Polycab India Limited has announced the allotment of equity shares under its Employee Stock Option Performance Scheme 2018. The Finance and Operations Committee approved this corporate action during its meeting held on March 09, 2026.

Share Allotment Details

The committee approved the allotment of shares to eligible employees who exercised their stock options under the company's ESOP scheme. The following table summarizes the key details of this allotment:

Regulatory Communication

Polycab India has informed both major stock exchanges about this allotment as part of its compliance obligations. The communication was sent to:

• BSE Limited (Department of Corporate Services)
• National Stock Exchange of India Limited (Listing Department)

The notification was signed by Manita Carmen A. Gonsalves, Vice President-Legal and Company Secretary, ensuring proper corporate governance procedures were followed.

Employee Stock Option Scheme

The allotment represents the exercise of stock options by eligible employees under the Employee Stock Option Performance Scheme 2018. This scheme allows qualified employees to purchase company shares at predetermined prices, serving as an employee retention and motivation tool.

The company has maintained its commitment to transparent disclosure practices by promptly notifying the stock exchanges of this corporate action, ensuring all stakeholders are informed of the share allotment.