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Polycab India Limited Capital/Financing Update 2020
61384_rns_2020-07-01_42c8c89e-a49c-40ec-aba6-d37e2559a735.pdf
Capital/Financing Update
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POLYCAB INDIA LIMITED
(formerly known as Polycab Wires Limited) Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300GJ1996PLC114183 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: [email protected] Website: www.polycab.com
Date: 01st July 2020
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: Incorporation of a Wholly Owned Subsidiary in Australia.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"}, please be informed that the Company has incorporated a Wholly Owned Subsidiary in Australia under the name and style of 'Polycab Australia PTY Ltd', on 01st July 2020.
The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is attached herewith as Annexure A.
Kindly take the same on record.
Thanking you
For Polycab India Limited
__________________________ NARAYANA SUBRAMANI MAM SAI Digitally signed by NARAYANA SUBRAMANIMAM SAI DN: c=IN, o=Personal, postalCode=400081, st=MAHARASHTRA, serialNumber=77c944f626ae6bfeb79cca 0b16f0aef0417f2dc27b7326ddcf51c7d6 d1c765a3, cn=NARAYANA SUBRAMANIMAM SAI Date: 2020.07.01 16:33:22 +05'30'
Sai Subramaniam Narayana Company Secretary and Compliance Officer Membership No.: F5221
POLYCAB INDIA LIMITED
(formerly known as Polycab Wires Limited) Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300GJ1996PLC114183 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: [email protected] Website: www.polycab.com
Annexure A
Incorporation of a Wholly Owned Subsidiary
| S.No. | Particulars | Description |
|---|---|---|
| 1. | Name of the target entity, details in brief | PolycabAustralia Pty Ltd.('PAPL')is |
| such as size, turnover etc. | incorporatedasaWhollyOwned | |
| Subsidiary of the Company on 01st | ||
| July 2020. | ||
| Authorised Capital:5,000 AUD | ||
| Size / Turnover: N.A | ||
| 2. | Whether the acquisition would fall within | No,theincorporationofWholly |
| related party transaction(s) and whether the | OwnedSubsidiarydoesnotfall | |
| promoter/promoter group/ group companies | within the ambit of Related Party | |
| haveanyinterestintheentitybeing | Transactions. | |
| acquired?If yes, nature of interest and | ||
| details thereof and whether thesame is | Further, the Promoter group/group | |
| done at "arm's length" | companies doesnot haveany interest | |
| in PAPL. | ||
| 3. | Industry to which the entity being acquired | Tradingofwires&cablesand |
| belongs | electrical Consumer Products. | |
| 4. | Objectsandeffectsofacquisition | The Company wants to expand its |
| (including but not limited to disclosure of | business in the overseas marketsand | |
| reasons for acquisition of target entity, if its | create its presence worldwide. | |
| businessisoutsidethemainlineof | Inthisregard,theCompany has | |
| business of the listed entity) | incorporatedthewhollyOwned | |
| Subsidiary inAustralia. | ||
| 5. | Briefdetailsofanygovernmentalor | N.A. |
| regulatoryapprovalsrequiredforthe | ||
| acquisition | ||
| 6 | Indicative time period for completion of the | N.A. |
| acquisition | ||
| 7 | Natureofconsideration-whethercash | Cash consideration |
| consideration orshare swap and details of |
POLYCAB INDIA LIMITED
(formerly known as Polycab Wires Limited) Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300GJ1996PLC114183 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: [email protected] Website: www.polycab.com
| the same | ||
|---|---|---|
| 8 | Cost of acquisition or the price at which theshares are acquired | N.A. |
| 9 | Percentageofshareholding/controlacquired and / or number of shares acquired | TheCompanyholds100%shareholding in PAPL. |
| 10 | Brief background about the entity acquiredintermsofproducts/lineofbusinessacquired,date of incorporation, historyoflast 3 years turnover, country in which theacquired entity has presence and any othersignificant information (inbrief); | Product/line of business:N.A.Date of Incorporation:01st July 2020History / Turnover:N.A.Country: Australia |
For Polycab India Limited
NARAYANA SUBRAMANI MAM SAI SAI
Digitally signed by NARAYANA SUBRAMANIMAM SAI DN: c=IN, o=Personal, postalCode=400081, st=MAHARASHTRA, serialNumber=77c944f626ae6bfeb79cca0 b16f0aef0417f2dc27b7326ddcf51c7d6d1c 765a3, cn=NARAYANA SUBRAMANIMAM Date: 2020.07.01 16:34:30 +05'30'
Sai Subramaniam Narayana Company Secretary & Compliance Officer Membership No. F5221
Registered Office: Unit No.4, Plot No.105, Halol Vadodara Road, Village Nurpura, Taluka Halol, Panchamahal, Gujarat-389350 Tel : 2676- 227600 / 227700