POLYCABNSEPolycab India LimitedLowNeutral
Announced Tue, 6 May · 13:05 IST

Polycab India Limited has informed the Exchange regarding Change in Auditors of the company.

POLYCAB · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Polycab India Limited has informed the stock exchanges that its Board of Directors, at a meeting held on 6th May 2025, approved the re-appointment of Ernst & Young LLP (EY) as Internal Auditors for the Financial Year 2025-26. EY is a global professional services firm operating as a Limited Liability Partnership in India across assurance, tax, strategy & transactions, and consulting. Despite the headline saying 'Change in Auditors,' this is technically a re-appointment (renewal) of the existing internal auditor, not a replacement. The disclosure is filed under SEBI Listing Regulations with full details provided in Annexure A.

Likely market impact

This is a routine governance disclosure with no material impact on shareholders or the stock price. Continuity with a reputable global audit firm like EY signals stable internal control practices.