Submission of Transcript of Earnings call held on October 15, 2026.

Date: October 19, 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: Submission of Transcript of Earnings Conference Call held on October 15, 2026. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the transcript of Earnings Conference Call held on October 15, 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, Ruby, 21st Floor, Senapati Bapat Marg, Tulsi Pipe Road, Dadar West, Mumbai – 400028 Corporate Office: Registered Office: Polycab India Limited Unit 4, Plot No 105, Halol Vadodara Road, CIN: L31300GJ1996PLC114183 Village Nurpura, Taluka Halol, #29, The Ruby, 21st Floor, Senapati Bapat Marg, Panchamahal, Gujarat 389 350 Tulsi Pipe Road, Dadar (West), Mumbai 400 028 Tel: 2676- 227600 / 227700 Tel: +91 22 6735 1400 Email: shares@polycab.com Web: www.polycab.com “Polycab India Limited Q2 FY27 Earnings Conference Call” October 15, 2026 MANAGEMENT: MR. NIKHIL JAISINGHANI – JOINT MANAGING DIRECTOR – POLYCAB INDIA LIMITED MR. NIYANT MARU – CHIEF FINANCIAL OFFICER – POLYCAB INDIA LIMITED MR. ADITYA NATHANY – HEAD, INVESTOR RELATIONS – POLYCAB INDIA LIMITED Page 1 of 19 Polycab India Limited October 15, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Polycab India Limited Q2 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note this conference is being recorded. I now hand the conference over to Mr. Niyant Maru, Chief Financial Officer, Polycab India Limited. Thank you, and over to you, sir. Niyant Maru: Thank you. A very good evening to everyone, and thank you for joining us. I hope all of you are staying healthy and gearing up for the upcoming festive season. On this call, we shall discuss the Q2 FY27 results, which were approved in the Board meeting held earlier today. We will be referring to the earnings presentation, financial results, and financial statements, which are available on the stock exchanges as well as on the investor relations page of our website. Joining me today from the management team, we have our Joint Managing Director, Mr. Nikhil Jaisinghani; and Head of Investor Relations, Aditya Nathany. Let me now hand over the call to Nikhil for his comments. Over to you, Nikhil. Nikhil Jaisinghani: Thanks, Niyant. Good evening, everyone. As we conclude the first half of FY27, I am pleased to share that Polycab has delivered its highest ever quarterly and half-yearly revenue and profitability. This performance underscores the resilience of our operating model and the strength of disciplined execution across the organization. The Wires and Cables business continues to deliver robust growth, supported by healthy demand trends, strong market positioning, and consistent execution. The FMEG segment continued to strengthen its growth trajectory and recorded its seventh consecutive profitable quarter. Across the organization, we remain focused on execution excellence, translating strategic priorities into tangible outcomes while building a stronger foundation for sustainable long-term growth. Encouragingly, the initiatives under our strategic roadmap, Project Spring, are progressing in line with plan and are already beginning to yield meaningful results, reinforcing our confidence in both the strategy and our ability to execute it effectively. As we look ahead, our priorities remain firmly anchored on sustaining growth momentum, further enhancing our competitive advantages, and investing in innovation, talent, and capabilities. With a strong foundation in place and clear strategic direction, we are well- positioned to capitalize on emerging opportunities and create enduring value for all our stakeholders. With that, I would now like to hand over to Niyant. Niyant Maru: Thank you, Nikhil. While the global macro environment remained volatile during the quarter, we continue to believe that India remains one of the most compelling structural growth stories globally. Page 2 of 19 Polycab India Limited October 15, 2026 Geopolitical tensions, elevated energy prices, higher global bond yields, and disruptions across certain international shipping routes have created near-term uncertainty across markets. However, India continues to navigate and grow, supported by strong domestic demand, healthy investment activity, accelerating infrastructure creation, and increasing manufacturing competitiveness. The IMF, in its latest outlook, has raised India's growth outlook by 60 basis points despite higher global energy prices, citing stronger economic momentum, robust services activity, and sustained domestic demand. This confidence is reflected in the recent upward revisions to India's growth outlook by several other global agencies. Domestically, GDP growth for Q1 FY 2027 came in at 7.8%, underscoring the resilience of the economy despite an increasingly uncertain external backdrop. Global monetary conditions remain tight as central banks continue to combat inflation, resulting in higher policy rates and bond yields across major economies. In India, the Monetary Policy Committee, MPC, unanimously raised the repo rate by 25 basis points to 5.5% and shifted the policy stance from neutral to calibrated tightening, implying interest rate cuts are not anticipated in the near term. While the external environment remains challenging, India's strong domestic demand, robust banking system, and sustained infrastructure investment continue to underpin the economic resilience. What gives us confidence is the breadth of growth visible across the economy. GST collections continue to remain healthy, growing by 15% year-on-year. In July, August, government capital expenditure remained significantly at higher levels, and bank credit growth continues to trend close to 15% to 20%. Power demand has remained robust, reflecting healthy activity across industrial, infrastructure, and commercial sectors. The focus on infrastructure development continues, which is reflected in the government capex spend of INR 5.10 lakh crores during April to August 2026, implying an 18% year-on-year growth. The government has also approved another INR1.9 lakh crores of capital outlay for Green Corridor Phase 3, which includes evacuation of 135 gigawatts of renewable energy and deployment of battery energy storage systems. All of this signals strong economic activity in India over the medium to long term. These structural growth drivers continue to reinforce the long-term opportunity outlined under the Project Spring. While the near-term inflationary pressures are surfacing due to macroeconomic situations, both urban and rural demand continues to remain healthy, while government support measures are expected to aid broader consumption growth going forward. Importantly, India's revenue base remains predominantly domestic, which provides a degree of resilience in periods of global uncertainty. Continuing on the momentum, the company delivered yet another remarkable quarter of strong performance, underpinned by healthy revenue growth and profitability. Our performance reflects Page 3 of 19 Polycab India Limited October 15, 2026 not only favorable demand conditions, but also the deliberate investments and strategic choices made over the past several years. The Wires and Cables business continu [Showing first 8,000 characters — download PDF for full document]