Corporate Insolvency Resolution Process

Date: October 09, 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 - Order dated October 09, 2026 passed by the Hon'ble National Company Law Appellate Tribunal In continuation to the earlier intimations dated October 07, 2026 and October 08, 2026, we wish to inform that the Hon'ble National Company Law Appellate Tribunal ("Hon'ble NCLAT"), Principal Bench, New Delhi has stayed and kept in abeyance the order dated October 07, 2026 passed by the Hon'ble National Company Law Tribunal, Ahmedabad Bench, for admission of the Corporate Insolvency Resolution Process ("CIRP") 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") against the Company in respect of an alleged operational debt of ₹2.79 crore. A copy of the NCLAT order is attached herewith. The Company shall continue to notify the Stock exchanges of material events or information upon its occurrence. 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 NATIONAL COMPANY LAW APPELLATE TRIBUNAL, PRINCIPAL BENCH, NEW DELHI Company Appeal (AT) (Insolvency) No. 1940 of 2026 In the matter of: Bharat Ajay Jaisinghani Suspended Director of Polycab ....Appellant India Limited Asier Metals Pvt. Ltd. & Anr. …Respondents For Appellant Mr. Arun Kathpalia, Sr. Advocate with Mr. Suhail Nathani, Mr. Anuj Tiwari, Mr. Dinesh Pednekar, Mr. Chanakya Keswani, Ms. Shubhangi Khandelwal, Ms. Prapti Allagh, Ms. Diksha Gupta, Mr. Shivendra Nath Mishra, Mr. Vaibhav Vats, Mr. Sameer Mishra, Advocates. For Respondents Mr. Krishnendu Datta, Mr. Anand Chhibbar, Sr. Advocates with Mr. Mohit Chaudhary, Mr. Kanishk Khetan, Advocates for R1 Mr. Sunil Shah, IRP. ORDER (Hybrid Mode) 09.10.2026: This Appeal is filed against an impugned order dated 07.10.2026 passed by the Ld. Adjudicating Authority (National Company Law Tribunal) Division Bench, Court-I, Ahmedabad in CP (IB) No.273/9/AHM/2026. It is submitted by the Ld. Senior Counsel for the Appellant at the outset, without prejudice to the rights and contentions, the Appellant is inclined to deposit the entire amount as stated in Part IV of the application under Section 9 IBC. Further, it is submitted by the Ld. Senior Counsel for the Appellant there exist a pre-existing dispute between the parties qua the payments made and the credit notes to be issued by the Operational Creditor which dispute has since been recorded in the correspondence between the parties but instead of issuing the credit notes, a notice under Section 8 was issued on 06.08.2026 by the Respondent and shortly thereafter, on 24.08.2026, a petition under Section 9 IBC was filed and the impugned order was thus passed on 07.10.2026. Learned Senior Counsel for the Appellant has also referred to the status of the Appellant as mentioned in paragraphs 7.2 and 7.3 of this Appeal as under:- “7.2. Polycab is India’s largest integrated manufacturer of wires and cables. It also carries on an FMCG business and undertakes turnkey EHV, MV and LV cabling and power projects. It operates 27 manufacturing plants across Gujarat, Maharashtra, Karnataka, Uttarakhand, Tamil Nadu and Daman, 3 regional offices, 35 warehouses and depots, 12 branch offices and 14 experience centres, and has over 3,900 dealers and distributors and over 1,90,000 retail outlets. As on 31.03.2026, Polycab employed 4,574 persons directly and 13,642 persons indirectly. 7.3. Polycab’s standalone revenue for the financial year 2025-26 was INR 2,81,851.77 million, and its aggregate revenue for the last five financial years is INR 9,41,594.58 million. In the same period, it paid direct taxes aggregating INR 26,993.73 million and declared dividends aggregating INR 16,361.95 million. Polycab’s shares are listed on the BSE and the NSE; as on 31.03.2026 it had 3,62,997 shareholders and a market capitalisation of INR 1,030.29 billion. Polycab has availed working capital limits of INR 12,000 crore from a consortium of 10 banks, which hold a charge over its assets. A true copy of the Annual Report of Company Appeal (AT) (Insolvency) No. 1940 of 2026 Polycab for the financial year ended 31.03.2026 is annexed as Annexure A-3.” 2. Though the existence of dispute has been agitated by the Ld. Senior Counsel for the Respondent but suffice is to say that considering the status of the Appellant as above as also the fact the Appellant is inclined to deposit an amount as stated in Part-IV of the petition, though without prejudice to its rights and contentions, let the said amount be deposited by way of FDR, in the name of ‘Registrar, National Company Law Appellate Tribunal, New Delhi’ within a week from today and that the impugned order is stayed and be kept in abeyance till further orders. 3. List the Appeal on 26.10.2026 within 1st five cases. [Justice Yogesh Khanna] Officiating Chairperson [Barun Mitra] Member (Technical) (Ajai Das Mehrotra) Member (Technical) Anjali/md Company Appeal (AT) (Insolvency) No. 1940 of 2026