Corporate Insolvency Resolution Process

Date: October 08, 2026 Listing Department National Stock Exchange of India Limited C-1, G-Block, Bandra-Kurla Complex 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 continuation to the earlier intimation dated October 07,2026 regarding admission of the petition by Hon'ble National Company Law Tribunal, Ahmedabad Bench (‘NCLT’) on 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’), 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. We hereby submit the following additional information / details sought by NSE vide its email dated October 08, 2026 with reference to the above: Sr. No. Particulars Details 1. Name of Applicant Asier Metals Private Limited (‘Operational Creditor’) 2. Name of Respondent Polycab India Limited (‘Corporate Debtor’) 3. Brief of the Matter The applicant (‘Operational Creditor’) filed the petition on 24.08.2026 against Polycab India Limited (‘Corporate Debtor’) under Section 9 of the Insolvency and Bankruptcy Code, 2016 read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking initiation of Corporate Insolvency Resolution Process (‘CIRP’) against the Corporate Debtor in respect of an alleged operational debt of ₹2.79 crore arising from commercial dispute re. supply of aluminium ingots. 4. Date of dispute & Litigation October 07, 2026 (date of admission of applicant’s petition registered by Hon’ble NCLT on 11.09.2026 and notice dated August 06,2026) 5. Whether disclosure made to the Yes, pursuant to Para 16 (c) of Para A of Part A of Schedule Exchange or not III read with Regulation 30 of SEBI (LODR) Regulations 2015. 6. Reason for not making Not Applicable disclosure (along with materiality threshold as per Reg. 30) 7. Current status of the case The Company has filed an appeal before the Hon'ble National Company Law Appellate Tribunal (‘NCLAT’) and hearing is scheduled on October 09, 2026. 8. Materiality threshold limit as per The materiality threshold limit under Regulation 30(4) of regulation 30(4) of SEBI LODR SEBI (LODR) Regulations 2015 for FY 2026-27 is Regulations for F/Y 2026-2027. ₹ 109.28 crores 9. Confirm whether the company The alleged operational debt of ₹2.79 crore being has submitted any disclosure insignificant and less than the materiality threshold limit, the Company did not expect any material impact on its financial 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 Sr. No. Particulars Details pertaining to the any litigation(s) or business operations arising from the said order and or dispute(s). accordingly no disclosure in respect of the said litigation was submitted to the Stock Exchanges. Please find enclosed herewith a copy of the Order passed by Hon’ble NCLT as requested by NSE vide its email dated October 08, 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 IN THE NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH, COURT – 1, AHMEDABAD ITEM No.306 C.P.(IB)/273(AHM)2026 Under Section 9 of IB Code, 2016 IN THE MATTER OF: Asier Metal Private Limited ........Applicant Polycab India Limited ........Respondent Order delivered on: 07/10/2026 C O R A M: MR. SHAMMI KHAN, HON’BLE MEMBER (J) MR. SANJEEV SHARMA, HON’BLE MEMBER (T) O R D E R (Hybrid Mode) The case is fixed for pronouncement of order. The order is pronounced in the open court, vide separate sheet. -SD- -SD- SANJEEV SHARMA SHAMMI KHAN MEMBER (TECHNICAL) MEMBER (JUDICIAL) BEFORE THE ADJUDICATING AUTHORITY NATIONAL COMPANY LAW TRIBUNAL, DIVISION BENCH, COURT–I, AHMEDABAD CP (IB) No.273/9/AHM/2026 (Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016) In the Matter of: Polycab India Limited Asier Metals Private Limited (CIN: U52601DL2019PTC357805) Registered Office at 7A/39 (14-First Floor), WEA Channa Market, Karol Bagh, New Delhi, India – 110005. …Applicant/Operational Creditor VERSUS Polycab India Limited (CIN: L31300GJ1996PLC114183) Registered Office at Unit 4, Plot No. 105, Halol Vadodara Road, Village Nurpura, Taluka Halol, Panchmahal, Gujarat, India – 389350. …Respondent/Corporate Debtor Order Pronounced On: 07.10.2026 C O R A M: SH. SHAMMI KHAN, HON’BLE MEMBER (JUDICIAL) SH. SANJEEV SHARMA, HON’BLE MEMBER (TECHNICAL) A P P E A R A N C E: For the Applicant/OC : Mr. Kanishk Khetan, Advocate. For the Respondent/CD : Mr. Saurabh Soparkar, Sr. Adv. a.w. Mr. Amit Ladda, Advocate CP(IB) No.273/9/AHM/2026 Asier Metals Pvt. Ltd. Vs. Polycab India Ltd. Page 1 of 57 O R D E R Per Bench 1. This Company Petition, registered on 11.09.2026, has been filed by the Applicant - Asier Metals Private Limited (hereinafter referred to as the „Operational Creditor‟) against Polycab India Limited (hereinafter referred to as the „Corporate Debtor‟) under Section 9 of the Insolvency and Bankruptcy Code, 2016 read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking initiation of Corporate Insolvency Resolution Process against the Corporate Debtor on account of alleged default in payment of operational debt amounting to Rs.2,78,70,157.22/-, arising principally from the supply of Aluminium Ingots. 2. On perusal of Part-I of Form-5, it is seen that the Operational Creditor, Asier Metals Private Limited, is a company incorporated on 20.11.2019 under the Companies Act, 2013, bearing CIN U52601DL2019PTC357805, having its registered office at 7A/39 (14-First Floor), WEA Channa Market, Karol Bagh, New Delhi, Delhi-110005. The Petition has been filed CP(IB) No.273/9/AHM/2026 Asier Metals Pvt. Ltd. Vs. Polycab India Ltd. Page 2 of 57 through Mr. Arun Kumar Jain, Director/Authorised Signatory, pursuant to the Board Resolution annexed as Annexure A-3. The Master Data of the Operational Creditor is annexed as Annexure A-1 (Colly). 3. On perusal of Part-II of Form-5, it is seen that the Corporate Debtor, Polycab India Limited, bearing CIN L31300GJ1996PLC114183, is a public company incorporated on 10.01.1996 under the Companies Act, 1956/2013. Its registered office is situated at Unit 4, Plot No. 105, Halol-Vadodara Road, Village Nurpura, Taluka Halol, Panch Mahals, Gujarat-389350. Its authorised share capital is Rs. 22,92,50,00,000/- and paid-up share capital is Rs. 1,50,65,19,780/- as per the Master Data annexed as Annexure A-2. 4. On perusal of Part-III of Form-5, it appears that the Operational Creditor has not proposed the name of any Interim Resolution Professional and has sought appointment of an Interim Resolution Professional by this Tribunal in accordance with the applicable procedure. The Petition also contains the requisit [Showing first 8,000 characters — download PDF for full document]