Polycab India Limited — Capital/Financing Update 2020

Mar 19, 2020

POLYCAB INDIA LIMITED

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(formerly known as Polycab Wires Limited)

Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN No U31300DL1996PLC266483 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: info@polycab.com Web: www.polycab.com

Date: 19[th] March 2020

To To Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers, Dalal Street, Limited Mumbai – 400 001 C-1, G-Block, Bandra-Kurla Complex Bandra (E), Mumbai – 400 051

Scrip Code: 542652 Scrip Symbol: Polycab ISIN:- INE455K01017

Dear Sir / Madam

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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 India under the name and Style as ‘Polycab Electricals & Electronics Private Limited’ and received the Certificate of Incorporation from Registrar of Companies today i.e. 19[th] March 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 your record.

Thanking you Yours Faithfully

For Polycab India Limited

NARAYANA Digitally signed by NARAYANA SUBRAMANIMAM SAI DN: c=IN, o=Personal, postalCode=400081, st=MAHARASHTRA, SUBRAMANIM serialNumber=77c944f626ae6bfeb79cca0b16f 0aef0417f2dc27b7326ddcf51c7d6d1c765a3, cn=NARAYANA SUBRAMANIMAM SAI AM SAI Date: 2020.03.19 16:24:40 +05'30'

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

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Registered Office:

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

POLYCAB INDIA LIMITED

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(formerly known as Polycab Wires Limited) Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN No U31300DL1996PLC266483 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: info@polycab.com Web: www.polycab.com

Annexure A

Incorporation of the Company

S.No.	Particulars	Description
1.	Name of the target entity, details in brief such as size, turnover etc	Polycab Electricals & Electronics Private Limited (‘PEEPL’)is incorporated as wholly owned subsidiary of the Company on 19th March 2020 Authorised Capital: Rs.15 Crores Size / Turnover: N.A
2.	Whether the acquisition would fall within related party transaction(s) and whether the promoter/promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arms length”	No, the incorporation of Wholly- owned Subsidiary does not fall within the ambit of Related Party Transactions. Further, the Promoter group/ group companies does not have any interest in the PEEPL.
3.	Industry to which the entity being acquired belongs	Manufacturing and Trading of Wires & Cables and Electrical and Electronics Consumer Products.
4.	Objects and effects of acquisition (including but not limited to disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	The Company wants to expand its business activities in the Indian Market. In this regard, the Company has incorporated the wholly-owned subsidiary in India.

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Registered Office:

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

POLYCAB INDIA LIMITED

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(formerly known as Polycab Wires Limited)

Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN No U31300DL1996PLC266483 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: info@polycab.com Web: www.polycab.com

5.	Brief details of any governmental or regulatory approvals required for the acquisition	N.A.
6	Indicative time period for completion of the acquisition	N.A.
7	Nature of consideration -whether cash consideration or share swap and details of the same	Cash consideration
8	Cost of acquisition or the price at which the shares are acquired	N.A.
9	Percentage of shareholding / control acquired and / or number of shares acquired	The Company holds 100% shareholding in PEEPL.
10	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);	Product/line of business: N.A. Date of Incorporation: 19thMarch 2020 History / Turnover: N.A. Country: India

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Registered Office:

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