POLYCABNSEPolycab India LimitedMediumNeutral
Announced Wed, 6 May · 15:03 IST

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

Management Changes View source PDF

POLYCAB · price

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Price reaction · full curve 14 horizons · vs prior close
+8.0%1-day move
₹8360.00
prior close
₹8424.00
base price
In-mkt
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AI summary

Polycab India's Board of Directors, at its meeting held on May 6, 2026, has approved the re-appointment of Ernst & Young LLP (EY) as Internal Auditors for the Financial Year 2026-27. This is a renewal of the existing engagement, not a new appointment or replacement. EY is a global firm providing assurance, tax, strategy, and consulting services and has been re-appointed under Regulation 30 of the SEBI Listing Regulations. The disclosure was made to both BSE and NSE with the requisite annexure details as per SEBI's January 2026 circular.

Likely market impact

No material impact expected — this is a routine annual renewal of an existing internal audit mandate with a reputable firm, signaling continuity in the company's governance and internal control framework.