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Polycab India Limited — Board/Management Information 2024
May 10, 2024
61384_rns_2024-05-10_db2bbfeb-0996-453b-8f92-2b3239459b07.pdf
Board/Management Information
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Date: 10[th] May 2024
To Department of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001
To Listing Department, National Stock Exchange of India Limited C-1, G-Block, Bandra-Kurla Complex Bandra (E), Mumbai – 400 051
Scrip Code: 542652 Scrip Symbol: Polycab ISIN:- INE455K01017
Dear Sir / Madam,
Sub: Intimation of re-appointment of Mr. Inder T. Jaisinghani (DIN: 00309108) as Managing Director under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’)
Pursuant to the provisions of Regulation 30 (6) read with Schedule III of the Listing Regulations, please be informed that on the recommendation of the Nomination and Remuneration Committee and subject to approval of the shareholders at the ensuing Annual General Meeting, the Board of Directors at its meeting held today i.e.10[th] May 2024, has considered and approved the re-appointment including remuneration of Mr. Inder T. Jaisinghani as Managing Director of the Company for further term of 5 consecutive years commencing from 28[th] August 2024 to 27[th] August 2029 (both days inclusive).
Mr. Inder T. Jaisinghani is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India (SEBI) or any other such authority.
The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[th] July 2023, are given in ‘ Annexure A’ attached to this letter.
Kindly take the same on your record.
Thanking you Yours Faithfully For Polycab India Limited
Digitally signed by MANITA CARMEN ALBERT GONSALVES DN: c=IN, postalCode=400104, st=MAHARASHTRA,
MANITA CARMEN ALBERT GONSALVES street=FLAT NO 8BUILDING NO 9PIRAMAL NAGAR S V ROADMUMBAIBESIDES PATEL PETROL PUMP 400104, l=MUMBAI, o=Personal, title=9350, serialNumber=e9923616fb581748338360a9dcca7ddbef53792338962e492591c02f91606f5f, pseudonym=935020230512111157429, 2.5.4.20=d6b37cc9b008ba4c44a5e26aead891e74cc85aea24a8e6ad4562fa78a0802a6d, [email protected], cn=MANITA CARMEN ALBERT GONSALVES Date: 2024.05.10 12:41:20 +05'30'
________
Manita Carmen A. Gonsalves Company Secretary & Head Legal Membership No.: A18321 Address: #29, The Ruby, 21[st] Floor Senapati Bapat Marg, Tulsi Pipe Road Dadar (West), Mumbai - 400 028
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Corporate Office: Polycab India Limited CIN : L31300GJ1996PLC114183 #29, The Ruby, 21st Floor, Senapati Bapat Marg, Tulsi Pipe Road, Dadar (West), Mumbai 400 028 Tel: +91 22 2432 7070-74 Email: [email protected] Web: www.polycab.com
Registered Office: Unit 4, Plot No 105, Halol Vadodara Road Village Nurpura, Taluka Halol, Panchamahal, Panch Mahals, Gujarat 389 350 Tel: 2676- 227600 / 227700
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Annexure A
Re-appointment of Mr. Inder Jaisinghani as Managing Director of the Company
The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[th] July 2023, are given below:
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Sr. No. Particulars Description
1 Reason for change viz. Re-appointment of Mr. Inder T. Jaisinghani as a Managing
appointment / re-appointment, Director of the Company.
resignation, removal, death or
otherwise
2 Date of appointment / Re-appointed for further period of 5 years commencing from
re-appointment cessation (as 28 [th] August 2024 to 27 [th] August 2029, subject to approval
applicable) & term of of the shareholders at the ensuing Annual General Meeting.
appointment/r e-appointment
3 Brief Profile Mr. Inder T. Jaisinghani has over 55 years of hands-on
experience in the electricals industry and has been working
with the Company since its inception. He was appointed as
a Chairman and Director of the Company on 20 December
1997 and was subsequently reappointed as Chairman and
Managing Director with effect from 28 August 2019. He has
played a vital role in different areas of Strategy Planning and
Implementation, Business Leadership, Sales & Marketing
including Global Business, Corporate Governance, Ethics &
ESG, Operational Experience and Financial Acumen & Risk
Assessment and under his leadership and guidance the
Company has completed over 27 glorious years of success.
He continues to serve the Company by maintaining strong
oversight of various business divisions and functions of the
Company.
Mr. Jaisinghani has been a major contributor, through his
visionary thought and leadership, driving the Company to
newer heights. Since its listing in April 2019, Polycab's
market capitalization has surged from approximately
₹ 8,000 Crore at listing to around ₹87,000 Crore.
4 Disclosure of relationships Mr. Inder T. Jaisinghani is paternal uncle of Mr. Bharat A.
between Directors (in case of Jaisinghani and Mr. Nikhil R. Jaisinghani, Executive
appointment of a director) Directors of the Company.
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For Polycab India Limited
MANITA CARMEN ALBERT GONSALVES Digitally signed by MANITA CARMEN ALBERT GONSALVES DN: c=IN, postalCode=400104, st=MAHARASHTRA, street=FLAT NO 8BUILDING NO 9PIRAMAL NAGAR S V ROADMUMBAIBESIDES PATEL PETROL PUMP 400104, l=MUMBAI, o=Personal, title=9350, serialNumber=e9923616fb581748338360a9dcca7ddbef53792338962e492591c02f91606f5f, pseudonym=935020230512111157429, 2.5.4.20=d6b37cc9b008ba4c44a5e26aead891e74cc85aea24a8e6ad4562fa78a0802a6d, [email protected], cn=MANITA CARMEN ALBERT GONSALVES Date: 2024.05.10 12:41:59 +05'30' Manita Carmen A. Gonsalves Company Secretary & Head Legal Membership No.: A18321 Address: #29, The Ruby, 21[st] Floor Senapati Bapat Marg, Tulsi Pipe Road, Dadar (West), Mumbai - 400 028
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Registered Office: Corporate Office: Unit 4, Plot No 105, Halol Vadodara Road Polycab India Limited Village Nurpura, Taluka Halol, CIN : L31300GJ1996PLC114183 Panchamahal, Panch Mahals, Gujarat #29, The Ruby, 21st Floor, Senapati Bapat Marg, 389 350 Tulsi Pipe Road, Dadar (West), Mumbai 400 028 Tel: 2676- 227600 / 227700 Tel: +91 22 2432 7070-74 Email: [email protected] Web: www.polycab.com
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