Polycab India Limited has informed the Exchange regarding Notice of Postal Ballot
POLYCAB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Polycab India Limited has issued a Postal Ballot Notice seeking shareholder approval for re-appointment of two Independent Directors. The first resolution proposes re-appointing Ms. Sutapa Banerjee for a second term of 2 years (May 13, 2026 to May 12, 2028). She has over 35 years of professional experience including 24 years in financial services at ANZ Grindlays, ABN AMRO, and Ambit. She is also on boards of Godrej Properties, Zomato, and JSW Cement. The second resolution proposes re-appointing Mr. Bhaskar Sharma for a second term of 4 years (May 12, 2026 to May 11, 2030). Both appointments require Special Resolutions. The e-voting period runs from April 11, 2026 to May 10, 2026, with results to be declared by May 12, 2026.
These are routine governance matters for maintaining board independence. The re-appointments are recommended by the Nomination and Remuneration Committee after evaluating performance, suggesting continued board stability. Given these are independent director re-appointments with no major strategic or remuneration changes disclosed, the impact on stock price is expected to be neutral.