Niyant Maru appointed Executive President-Finance and CFO

Management Changes View source PDF Explain this filing

POLYCAB · price

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Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹7592.50

prior close

₹7331.00

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-0.5%-1.3% vs market

Cables - Electricals peers, median of 11sector-1.1%-0.7% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Midcap 150 and 0.7 pts less than its Cables - Electricals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.3

10m

+1.3

15m

+2.2

30m

-0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.9-0.5-1.3-1.1-0.7

Next day

+0.9+0.1+0.8-1.2+2.1

+0.1+0.3-0.2-0.5+0.6

-1.0+0.2-1.1-1.6+0.7

-1.1-0.0-1.0-1.2+0.1

+0.9+0.7+0.1+0.0+0.9

+1.8+1.3+0.5+0.2+1.6

15d

+0.9+1.5-0.6-2.9+3.8

+1.1+2.7-1.6+0.0+1.1

-7.0-0.2-6.8-2.9-4.1

-2.3-0.1-2.2-5.0+2.7

UpDownMarket · Nifty Midcap 150Sector · Cables - Electricals peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Polycab's board appointed Niyant Maru as Executive President - Finance from October 17, 2025, and as CFO from October 28. His fixed term runs nine months, ending July 16, 2026, or when a permanent CFO is appointed. Maru succeeds Gandharv Tongia, whose CFO resignation takes effect after market close on October 27. The 62-year-old chartered accountant has 35 years of experience, including 28 years at Tata.

Likely market impact

Provides continuity in finance leadership, while the temporary nine-month term keeps the permanent CFO search in focus.