NSECorporate Insolvency Resolution Process3d ago · 28 Oct 2026, 10:24 am
Corporate Insolvency Resolution Process
Polycab India Limited · POLYCAB
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Polycab India Limited has informed the Exchange about an update on the appeal in the matter of Asier Metals Private Limited vs. Polycab India Limited. The Hon'ble National Company Law Appellate Tribunal (NCLAT) has directed MSCI not to delist the scrip of Polycab from MSCI Index till the pronouncement of the order.
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Polycab India Limited has informed the Exchange on the update of NCLAT order dated October 27, 2026
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POLYCAB_28102026102430_StockExchangeintimation27102026.pdf
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Date: October 28, 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 – update on appeal in the
matter of Asier Metals Private Limited vs. Polycab India Limited.
In continuation of our earlier intimations dated October 07, 2026, October 08, 2026, October 09, 2026,
October 14, 2026 and October 16, 2026, we wish to inform that Hon'ble National Company Law Appellate
Tribunal ("Hon'ble NCLAT"), Principal Bench, New Delhi has vide its order dated October 27, 2026 directed
MSCI not to delist the scrip of Polycab from MSCI Index till the pronouncement of the order. A copy of the
NCLAT order is attached herewith.
The said order has also been intimated to MSCI on October 27,2026
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. Abhijeet Sinha, Sr. Advocate with Mr. Anuj
Tiwari, Advocate.
For Respondents Mr. Krishnendu Datta, Sr. Advocate.
ORDER
(ON MENTIONING)
27.10.2026: This Appeal is reserved for orders and in the meanwhile, it
is submitted by the Ld. Senior Counsel for the Appellant in case the order is
not pronounced today, the MSCI Index may de-list the Polycab stock in its
next review cycle, which cycle starts on 28.10.2026.
2. Since the matter is reserved for orders, we direct that no action as
aforesaid be taken by MSCI till we pronounce the order.
[Justice Yogesh Khanna]
Officiating Chairperson
[Barun Mitra]
Member (Technical)
Anjali/md