Polycab India Limited — Capital/Financing Update 2020

May 2, 2020

POLYCAB INDIA LIMITED

(formerly known as Polycab Wires Limited) Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300DL1996PLC266483 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: info@polycab.com Web: www.polycab.com

==> picture [85 x 44] intentionally omitted <==

Date: 2[nd] May 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: Outcome of the Board Meeting

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that the Board of Directors of the Company at its meeting held on 2[nd] May 2020 has approved the acquisition of 2,60,10,000 (Two Crore Sixty Lakhs Ten Thousand) (i.e. balance 50% equity shares) of face value of Rs.10/- each held by Trafigura Pte Ltd., Singapore (‘Trafigura’) in Ryker Base Private Limited.

Ryker Base Private Limited would become a wholly-owned Subsidiary Company after acquisition of the said equity shares from Trafigura.

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.

The Board Meeting commenced at 9.20 a.m and concluded at 10.28 a.m.

Kindly take the above information on your record.

Thanking you For Polycab India Limited

NARAYANA Digitally signed by NARAYANA SUBRAMANIMA SUBRAMANIMAM SAI M SAI Date: 2020.05.02 10:36:02 +05'30'

__________________________ Sai Subramaniam Narayana Company Secretary and Compliance Officer Membership No.: F5221

==> picture [51 x 46] intentionally omitted <==

Registered Office:

E -554 ,Greater Kailash –II, New Delhi-110048 India Tel : 011-29228574

POLYCAB INDIA LIMITED

(formerly known as Polycab Wires Limited) Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300DL1996PLC266483 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: info@polycab.com Web: www.polycab.com

==> picture [85 x 44] intentionally omitted <==

Annexure A

	www.polycab.comAnnexure Ao.ParticularsDescription Name of the target entity, details in brief such assize, turnover etcRyker Base Private Limited (Ryker)Turnover: Rs.51 crores for nine monthsended 31stDecember 2019 Whether the acquisition would fall within relatedpartytransaction(s)andwhetherthepromoter/promoter group/ group companieshave any interest in the entity being acquired? Ifyes, nature of interest and details thereof andwhether the same is done at “arms length”No, the acquisition would not fall withinthe ambit of related party transaction.Further, the promoter/promoter group/group companies does not have anyinterest in the acquisition of RBPL. Industry to which the entity being acquiredbelongsCopper rods, wires and related products(Copper is a key input for Polycab) Objects and effects of acquisition (including butnot limited to disclosure of reasons for acquisitionof target entity, if its business is outside the mainline of business of the listed entity)Copper is a key input of Polycab IndiaLimited’s (‘PIL’) business and is usedextensively in wires, cables as well as mostof FMEG products. Ryker is involved inmanufacturing of copper wire rods with atotal annual capacity of 225,000 MT. Thefacility uses state of the art technology toconsistently outperform global qualitybenchmarks, consumes less energy and issignificantly lower on carbon emissions.The transaction will further allow PIL tohavecompletecontrolofRyker’smanufacturing operations.	www.polycab.comAnnexure Ao.ParticularsDescription Name of the target entity, details in brief such assize, turnover etcRyker Base Private Limited (Ryker)Turnover: Rs.51 crores for nine monthsended 31stDecember 2019 Whether the acquisition would fall within relatedpartytransaction(s)andwhetherthepromoter/promoter group/ group companieshave any interest in the entity being acquired? Ifyes, nature of interest and details thereof andwhether the same is done at “arms length”No, the acquisition would not fall withinthe ambit of related party transaction.Further, the promoter/promoter group/group companies does not have anyinterest in the acquisition of RBPL. Industry to which the entity being acquiredbelongsCopper rods, wires and related products(Copper is a key input for Polycab) Objects and effects of acquisition (including butnot limited to disclosure of reasons for acquisitionof target entity, if its business is outside the mainline of business of the listed entity)Copper is a key input of Polycab IndiaLimited’s (‘PIL’) business and is usedextensively in wires, cables as well as mostof FMEG products. Ryker is involved inmanufacturing of copper wire rods with atotal annual capacity of 225,000 MT. Thefacility uses state of the art technology toconsistently outperform global qualitybenchmarks, consumes less energy and issignificantly lower on carbon emissions.The transaction will further allow PIL tohavecompletecontrolofRyker’smanufacturing operations.	www.polycab.comAnnexure Ao.ParticularsDescription Name of the target entity, details in brief such assize, turnover etcRyker Base Private Limited (Ryker)Turnover: Rs.51 crores for nine monthsended 31stDecember 2019 Whether the acquisition would fall within relatedpartytransaction(s)andwhetherthepromoter/promoter group/ group companieshave any interest in the entity being acquired? Ifyes, nature of interest and details thereof andwhether the same is done at “arms length”No, the acquisition would not fall withinthe ambit of related party transaction.Further, the promoter/promoter group/group companies does not have anyinterest in the acquisition of RBPL. Industry to which the entity being acquiredbelongsCopper rods, wires and related products(Copper is a key input for Polycab) Objects and effects of acquisition (including butnot limited to disclosure of reasons for acquisitionof target entity, if its business is outside the mainline of business of the listed entity)Copper is a key input of Polycab IndiaLimited’s (‘PIL’) business and is usedextensively in wires, cables as well as mostof FMEG products. Ryker is involved inmanufacturing of copper wire rods with atotal annual capacity of 225,000 MT. Thefacility uses state of the art technology toconsistently outperform global qualitybenchmarks, consumes less energy and issignificantly lower on carbon emissions.The transaction will further allow PIL tohavecompletecontrolofRyker’smanufacturing operations.
S.N	o.	Particulars	Description
1.		Name of the target entity, details in brief such assize, turnover etc	Ryker Base Private Limited (Ryker)Turnover: Rs.51 crores for nine monthsended 31stDecember 2019
2.		Whether the acquisition would fall within relatedpartytransaction(s)andwhetherthepromoter/promoter group/ group companieshave any interest in the entity being acquired? Ifyes, nature of interest and details thereof andwhether the same is done at “arms length”	No, the acquisition would not fall withinthe ambit of related party transaction.Further, the promoter/promoter group/group companies does not have anyinterest in the acquisition of RBPL.
3.		Industry to which the entity being acquiredbelongs	Copper rods, wires and related products(Copper is a key input for Polycab)
4.		Objects and effects of acquisition (including butnot limited to disclosure of reasons for acquisitionof target entity, if its business is outside the mainline of business of the listed entity)	Copper is a key input of Polycab IndiaLimited’s (‘PIL’) business and is usedextensively in wires, cables as well as mostof FMEG products. Ryker is involved inmanufacturing of copper wire rods with atotal annual capacity of 225,000 MT. Thefacility uses state of the art technology toconsistently outperform global qualitybenchmarks, consumes less energy and issignificantly lower on carbon emissions.The transaction will further allow PIL tohavecompletecontrolofRyker’smanufacturing operations.
5.		Brief details of any governmental or regulatoryapprovals required for the acquisition	N.A.
6		Indicative time period for completion of theacquisition	End of May 2020
7		Natureofconsideration-whethercashconsideration or share swap and details of thesame	Cash consideration

==> picture [51 x 46] intentionally omitted <==

Registered Office: E -554 ,Greater Kailash –II, New Delhi-110048 India Tel : 011-29228574

POLYCAB INDIA LIMITED

(formerly known as Polycab Wires Limited)

Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300DL1996PLC266483 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: info@polycab.com Web: www.polycab.com

==> picture [85 x 44] intentionally omitted <==

S.No.	Particulars	Description
8	Cost of acquisition or the price at which the sharesare acquired	US$ 4 Million (About INR 300 millionsubject to movement in INR USD rates tillthe date of payment)
9	Percentage of shareholding / control acquired and/ or number of shares acquired	TheCompanywillhold100%shareholding in Ryker.
10	Brief background about the entity acquired interms of products/line of business acquired, dateof incorporation, history of last 3 years turnover,country in which the acquired entity has presenceand any other significant information (in brief);	-Product/lineofbusiness:Manufacturing of Copper Rods, Wireand related products-Date of Incorporation: 15/07/2016-Turnover: Rs.51 Crores for the firstnine months ended 31stDecember 2019(Note: The Company has commencedits operation during the Financial Year2019-20, hence, there was nil turnoverin the last 3 years )-Country: India

==> picture [51 x 46] intentionally omitted <==

Registered Office:

E -554 ,Greater Kailash –II, New Delhi-110048 India Tel : 011-29228574