Polycab India Limited — Capital/Financing Update 2021

Mar 25, 2021

POLYCAB INDIA LIMITED

Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300GJ1996PLC114183 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: shares@polycab.com Website: www.polycab.com

Date: 25th March 2021

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: 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 'Uniglobus Electricals and Electronics Private Limited' and received the Certificate of Incorporation from Registrar of Companies on 24th March 2021.

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

Manita Gonsalves Company Secretary and Compliance Officer Membership No.: A18321

POLYCAB INDIA LIMITED

Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300GJ1996PLC114183 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: shares@polycab.com Website: www.polycab.com

Annexure A

Incorporation of the Company

S.No.	Particulars	Description
1.	Name of the target entity, details in briefsuch as size, turnover etc	Uniglobus Electricals and ElectronicsPrivateLimited('UEEPL')isincorporatedaswhollyownedsubsidiary of the Company on 24thMarch 2021Authorised Capital: Rs.1.00CrorePaid-up Capita: Rs.1.00 LakhSize / Turnover: N.A
2.	Whether the acquisition would fall withinrelated party transaction(s) and whether thepromoter/promoter group/ group companieshaveanyinterestintheentitybeingacquired? If yes, nature of interestanddetails thereof and whether thesame is doneat "arms length"	No,theincorporationofWhollyOwned Subsidiary does not fall withintheambitofRelatedPartyTransactions.Further, the Promoter group/groupcompanies doesnot haveany interestin the UEEPL.
3.	Industry to which the entity being acquiredbelongs	Trading and Manufacturing of,amongothers, Cables, Wires,Fast movingelectricals and electronics goods.
4.	Objects and effects of acquisition (includingbut not limited to disclosure of reasons foracquisition of target entity, if its business isoutside the main line of business of thelisted entity)	TheobjectiveofincorporatingaCompany is to expand the business oftrading and manufacturing of, amongothers,Cables, Wires, Fastmovingelectricals and electronics goods.
5.	Briefdetailsofanygovernmentalorregulatoryapprovalsrequiredfortheacquisition	N.A.

POLYCAB INDIA LIMITED Polycab House, 771 Mogul Lane, Mahim (W), Mumbai – 400016 CIN: L31300GJ1996PLC114183 Tel : +91 22 2432 7070-74 Fax : +91 22 2432 7075 Email: shares@polycab.com Website: www.polycab.com

6	Indicative time period for completion of theacquisition	N.A.
7	Natureofconsideration-whethercashconsideration or share swap and details ofthe same	PolycabIndiaLimitedbeingsubscribertoMemorandumofAssociation,holds100%sharesofUEEPL
8	Cost of acquisition or the price at which theshares are acquired	N.A.
9	Percentageofshareholding/controlacquired and / or number of shares acquired	The Company holds 100% sharesofUEEPL
10	Brief background about the entity acquiredintermsofproducts/lineofbusinessacquired,date of incorporation, history oflast 3 years turnover, country in which theacquired entity has presence and any other	Product/line of business:N.A.Date of Incorporation: 24th March 2021History / Turnover: N.A.
	significant information (in brief);	Country: India