Polycab India Limited — Capital/Financing Update 2021

Mar 13, 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: 13th 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 'Polycab Support Force Private Limited' and received the Certificate of Incorporation from Registrar of Companies today i.e. 13th 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	Polycab Support Force Private Limited('PSFPL')isincorporatedaswhollyowned subsidiary of the Company on13th March 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 PSFPL.
3.	Industry to which the entity being acquiredbelongs	Staffing SolutionBusiness
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)	The objectiveof incorporating PSFPLis to provide manpowersupport toPolycabIndiaLimited('HoldingCompany')andothergroupcompanies.
5.	Briefdetailsofanygovernmentalorregulatoryapprovalsrequiredfortheacquisition	N.A.
6	Indicative time periodfor completion of theacquisition	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

7	Natureofconsideration-whethercash	PolycabIndiaLimitedbeing
	consideration or share swap and details of	subscribertoMemorandumof
	the same	Association,holds100%sharesof
		PSFPL
8	Cost of acquisition or the price at which the	N.A.
	shares are acquired
9	Percentageofshareholding/control	The Company holds 100% sharesof
	acquired and / or number of shares acquired	PSFPL
10	Brief background about the entity acquired	Product/line of business:N.A.
	intermsofproducts/lineofbusinessacquired,date of incorporation, history oflast 3 years turnover, country in which theacquired entity has presence and any othersignificant information (in brief);	Date of Incorporation: 13th March 2021History / Turnover: N.A.Country: India