NSEGeneral Updates6d ago · 7 Oct 2026, 10:45 pm
General Updates
Polycab India Limited · POLYCAB
✦ AI Summary▼ NegativeInsolvency
Polycab India Limited has been admitted to the Corporate Insolvency Resolution Process (CIRP) by the National Company Law Tribunal (NCLT) due to an alleged operational debt of ₹2.79 crore. The company believes it has a strong case to challenge the order and is filing an appeal.
Analysis Scores
Earnings Impact2/10
Growth Catalyst0/10
Governance Concern0/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment2/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Polycab India Limited has informed the Exchange about intimation of NCLT order
Attachments (1)
📄pdf
Download →
POLYCAB_07102026224543_Intimationtostockexchange.pdf
View document text
Date: October 07, 2026
To To
Department of Corporate Services Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, C-1, G-Block, Bandra-Kurla Complex
Dalal Street, Mumbai, MH - 400001 Bandra (E), Mumbai, MH - 400051
Scrip Code: 542652 Scrip Symbol: POLYCAB
ISIN: INE455K01017
Dear Sir(s) / Madam(s),
Subject: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, read with Part A of Schedule III thereto, we hereby inform you that the Hon'ble National Company Law
Tribunal, Ahmedabad Bench, vide its order passed today, i.e., October 07, 2026, in C.P. (IB) No.
273/9/AHM/2026, in the matter of Asier Metals Private Limited vs. Polycab India Limited (‘the Company’), has
admitted a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 ("IBC") for initiation of
the Corporate Insolvency Resolution Process ("CIRP") against the Company in respect of an alleged
operational debt of ₹2.79 crore.
The Company, in consultation with its legal advisors, is of the opinion that it has a strong case with good
grounds of appeal, including that of it being a commercial dispute, to challenge the order for admission of
CIRP against the Company. The Company is in the process of filing the appeal before the Hon'ble National
Company Law Appellate Tribunal (“NCLAT”).
The Company does not expect any adverse / material impact on its financial or business operations arising
from the said order. The Company continues to hold a zero-debt position with the cash / investment liquidity
and its Balance Sheet continues to remain strong with net cash position in excess of Rs.4,000 crores and
net-worth of Rs.11,682 crores as per the audited financial statements for the year ended 31st March 2026.
Kindly take the same on your record.
Thanking you
Yours Faithfully
For Polycab India Limited
Manita Carmen A. Gonsalves
Vice President-Legal and Company Secretary
Membership No.: A18321
Address: #29, The Ruby, 21st Floor, Senapati Bapat Marg,
Tulsi Pipe Road, Dadar (West), Mumbai, MH-400028
Registered Office: Corporate Office:
Unit 4, Plot No 105, Halol Vadodara Road Polycab India Limited
Village Nurpura, Taluka Halol, CIN: L31300GJ1996PLC114183
Panchmahal, Gujarat 389 350 #29, The Ruby, 21st Floor, Senapati Bapat Marg,
Tel: 2676- 227600 / 227700 Tulsi Pipe Road, Dadar (West), Mumbai 400 028
Tel: +91 22 2432 7070 - 74
Email: shares@polycab.com
Web: www.polycab.com