Disclosure of allotment of Equity shares pursuant to Employee Stock Options Scheme, 2018 of Polycab India Limited
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Polycab India Limited's Finance and Operations Committee has allotted 23,860 equity shares of ₹10 face value each to eligible employees who exercised their options under the Polycab Employee Stock Option Performance Scheme 2018. The allotment was approved at a meeting held on May 22, 2026. The shares are being issued as part of the company's employee compensation programme. The total number of shares allotted is relatively small compared to the company's total share capital.
This is a routine corporate action related to employee compensation and has no direct impact on the stock price or shareholder value. It increases the company's equity base marginally and reflects standard ESOP exercise activity.