Niyant Maru named chief financial officer for a fixed nine-month term

Cfo ResignedManagement 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

₹7428.50

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

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Reaction day

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Next day

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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 India appointed Niyant Maru as chief financial officer from October 28 for a nine-month term ending July 16, 2026, or until a successor is named. He was named Executive President-Finance from October 17 and would advise for the rest of the term after a successor is named. Maru is a chartered accountant with 35 years of finance experience. Gandharv Tongia resigned as Executive Director and chief financial officer on October 27.

Likely market impact

No financial guidance was given, so the direct stock impact is uncertain; investors will watch the finance handover and permanent leadership.