Polycab India Limited — Investor Presentation 2021

May 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

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Date: 13[th] May 2021

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

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

Dear Sir / Madam

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

In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Corporate presentation on the Audited (Standalone and Consolidated) Financial Results of the Company for the quarter and year ended 31[st] March 2021.

Kindly take the same on your record.

Thanking you

Yours Faithfully

For Polycab India Limited

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_____ Manita Carmen A Gonsalves Company Secretary and Compliance Officer Membership No.: A18321 Address: Polycab House, 771, Mogul Lane Mahim (West), Mumbai - 400 016

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Registered Office: Unit No.4, Plot No.105, Halol Vadodara Road, Village Nurpura, Taluka Halol, Panchmahal, Gujarat-389350 Tel : 2676- 227600 / 227700

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Corporate Presentation

13 May 2021

1

06

Content

01 Company Overview 02 Leadership in Wires & Cables 03 Fast growing FMEG Business 04 Strengthening Brand Recognition 05 Strong Manufacturing & R&D capabilities Robust Financials

Polycab India Limited | Corporate Presentation

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Company Overview

Polycab India Limited | Corporate Presentation

Polycab: A Snapshot

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#1[Manufacturer in India]

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Market leader in Wires and Cables[1]

20 - 22% Share of Organized Market[2]

PAN India Network

4,100+ Dealers & Distributors 1,65,000+ Retail Outlets

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Fast Growing FMEG Brand

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5-year CAGR at ~37%

Manufacturing Footprint 23 Facilities, 7 locations Strong backward integration

Strong Management Bandwidth

Blend of Entrepreneurial and highly experienced professional management

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Proven Track Record

5 year CAGR Revenue 11% EBITDA 19%, PAT 36%

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Note: FMEG: Fast Moving Electrical Goods; (1) In India, In terms of segment revenue; (2) As of March 31, 2021; (3) EBITDA - Earnings before Interest, Tax, Depreciation & Amortization excludes other Income; (4) PAT – Profit after tax

Polycab India Limited | Corporate Presentation

4

Our Journey

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IPO: Listing on BSE and
Set up a facility for PVC NSE on 16 April 2019.
Manufacturing of
Launched Project Shikhar
Promoters insulated power cables 52x over subscribed
ceiling fans at Roorkee,
& Polycab Expert Program
established the house wires, telephone Investment from IFC Forayed into the Uttarakhand Commenced
business cables, optical fibre Commenced on 5-year
of INR 4,018 mn switches segment JV with Trafigura for manufacturing Water
Manufacturing cables, switch board Vision Journey
copper rod Heaters
from Halol plant cables and quad cables
at Daman manufacturing (Ryker) Polycab Knowledge
Centre
1964 - 96 1998 2009 2013 2016 2019 2021
1996 2006 2011 2014 2017 2020
Bought out balance 50%
stake in Ryker
Diversification into fans
New IOT based brand
and LED
JV with Techno
Company Crossed INR Crossed INR lighting segment Electromech HOHM
incorporated on 10,000 mn 31,000 mn
Jan 10, 1996 in revenue in revenue Manufacturing facility for manufacturing of Project Udaan
for MCBs at LED lighting products Rejuvenated focus on
Nashik, Maharashtra Export's market
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Polycab India Limited | Corporate Presentation

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Our Segments: An Overview
% of External Sales
81.0%
Wires & Cables
11.5%
Fast Moving
FY 21 Total Revenue
89,265 Mn Electrical Goods
7.5%
Copper + Other (incl.
EPC)
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Notes: Consolidated Revenue in INR Mn

Polycab India Limited | Corporate Presentation

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01

Consumption

Demographic dividend • Rising disposable income Nuclearization • Evolving consumer behavior

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Infrastructure

02

03

04

National Infrastructure Pipeline • Electrification Private CAPEX • Urbanization, Smart cities, Housing for all

Policy Reforms

PLI scheme • State industrial promotion schemes Tax, Land and Agriculture reforms • Export subsidy schemes

Emerging

Digitalization • Renewable energy Electric Mobility • IoT and Industry 4.0

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Polycab India Limited | Corporate Presentation

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Key Management Initiatives to create value

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Improvement in
Production Process
Expansion of
Enhance Brand Awareness
Manufacturing Capacity
and Customer Loyalty
Improvement in
Expansion of
Distribution Network Supply Chain
Induction of Invest in CRM
Qualified Professionals
Programme
Focus on
Growth and Profitability
| Corporate Presentation
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Polycab India Limited | Corporate Presentation

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Leadership in Wires and Cables

Polycab India Limited | Corporate Presentation

Market leader in Wires & Cables with a diverse portfolio

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Polycab is the largest Wires and Cables manufacturer in India, with a strong suite of products…

Optical Fiber Cable

Building Wires

Power Cable

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FR (Flame Retardant)

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FRLS (Flame Retardant Low Smoke)

Instrumentation Cables

Control Cables

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ZHFR (Zero Halogen Flame Retardant )

Other Cables

Flexible Wires

Solar Cable

Wide Customer Base across Industries…

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Power

Construction

Oil and Gas

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IT Park

Infrastructure

Metal

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Non-Metal

Agriculture

Cement

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Real Estate

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Telecom

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Railway

Polycab India Limited | Corporate Presentation

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Polycab’s dominant position in Wires and Cables industry to capture attractive market size

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Wires and Cables industry In FY21[1 ] :

Healthy market share gains in Wires and Cables over the past few years

2020 Wires and Cables Revenue[(2)] Market Share in FY21[(1)]

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20-22% 13-14% 1.8x 2.4x
66
37
28
Organized Total
Polycab Peer 1 Peer 2
Marquee Customers Made to Stock Made to Order Innovative Products Availability Distribution Supply Chain
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~ 450 – 500bn
Market Size
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40–45% of the electrical equipment industry

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The Polycab
Advantage
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Supply Chain

Note: (1) Industry estimates, Polycab estimates; (2) 12 months ended December 2020. Revenue in INR billion; No adjustment for Inter segment revenue, Source: Capitaline

Polycab India Limited | Corporate Presentation

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Fast growing FMEG Business

Polycab India Limited | Corporate Presentation

FMEG : Expanding presence in ‘Electricals’ ecosystem

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FMEG continues to become a sizeable part of the business - growing at 37% CAGR in past 5 years

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Mobile App
11.5%
9.4%
8.1%
7.0%
5.5%
3.8%
FY16 FY17 FY18 FY19 FY20 FY21
FMEG Revenue (INR Mn) FMEG Revenue Contribution %
10,341
8,356
6,433
4,853
3,356
2,167
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Forayed in FY14 ...

• Diversified portfolio with focus on the upcoming industry trends

• Inhouse Manufacturing

• Pan India Distribution

• Present in Fans, Lighting Luminaires, IOT products, Switches, Switchgears, Water heaters, Pipes, Conduits, Agro pumps, Solar etc.

… leveraging synergies

• Common raw materials - higher negotiating power

• Manufacturing know how

• Strong brand goodwill in electricals space

• Economies of scale - Cost-savings in transportation & distribution

• Cross-sell opportunities to a larger customer base

Polycab India Limited | Corporate Presentation

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High Growth Opportunity in the Indian FMEG Industry

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Macro drivers include evolving consumer aspirations, increasing awareness, rising income, rural electrification, urbanisation, digital connectivity

• Fans Switches Switchgear Lighting 227Bn

• 99Bn 50Bn 210Bn

• • • • • Preference for energy Customer preferences LV to outgrow MV / HV Considerable shift towards efficient fans towards modular switches segment LED segment

• • • • • Value added products Demand for safe and secure Modular devices and safe Government efforts and switches products gaining preference consumer awareness towards

• • Increasing demand for energy efficient technology • •

• premium and smart fans Greater awareness towards Rising demand for various •

• with aesthetic appeal building automation and electrical appliances Emerging technology trends management like Smart LED’s

Notes: Industry estimates, Polycab estimates; Figures in INR

Polycab India Limited | Corporate Presentation

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Multi format retail approach: Polycab Galleria, Arena and Shoppee

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• Strategic showcase enabling consumers and trade constituents to experience and choose from a wide range of quality products

• At iconic electric markets hub which is also an important feeder market to western and southern India

• Equipped with audio-visual facilities for training electricians and retailers on safety, soft skills, basics in English and computers

• Virtual reality showcase for B2B buyers to experience the plants and facilities

• Deepens connect with direct customers in the FMEG market as well as retailers from upcountry

• Currently in Mumbai, Pune, Trivandrum, Visakhapatnam, Indore, Ahmedabad and Cochin

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• Aiming to expand such experimental stores across key cities

Polycab India Limited | Corporate Presentation

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Strengthening Brand Recognition

Polycab India Limited | Corporate Presentation

Strong Brand Recognition in the Electricals Industry..

From B2B to B2C Our Brand Journey ‘Connection Zindagi Ka’ was a hit with customers- the impactful narrative with their minds and hearts

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Corporate Commercial, Elevated our brand amongst Top 3 in house wires

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Associate On Air sponsors T20 Premier League

2016- 2017 2018

2014

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2013
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R Madhavan, Actor
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Polycab became a
household name with
the target audience
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Ayushmann Khurana (Actor) 2019 2020

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Paresh Rawal (Actor)
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Polycab India Limited | Corporate Presentation

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… and strengthening it further using multi pronged approach

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Advertising and Sales Promotion
Expenditure (INR mn) 1.2%
As % of Sales 1,087
0.4%
163
FY14 FY20
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Multi pronged approach Actively engage Dealers
to increase brand and Distributors
awareness
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Loyalty Points via Experts Increased Advertising on
Program Social Media and Sales
Promotion
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Polycab India Limited | Corporate Presentation

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Pan India distribution network to support diverse customer base and product categories

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Sales & marketing
~3,000 FMEG
Our distribution 4,100+ authorized dealers and 165,000+ through corporate
office , 4 regional
dealers & retail outlets
reach distributors pan- offices & 16 local
distributers India
offices across
India
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By Product

By Geography

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20% 28% 52%
Common Wires and Cables FMEG
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22% 30% 27% 21%
West South North East
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Notes: The above charts represents split of authorised dealers and distributors

Polycab India Limited | Corporate Presentation

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Catering to marquee customers

Total Revenue Contribution in FY21

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Top Customer 5%
Top 5 Customers 14%
Top 10 Customers 22%
Rest of the
79%
Customers
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Revenue from outside India (% of total revenue)

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12.4%
8.5%
5.1%
3.1%
FY18 FY19 FY20 FY21
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Oil & Gas
Metal
Export
Infrastructure
Paints
Chemicals Auto
Telecom
Cement
Power Government
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Note: Companies served in past and present, directly or indirectly through authorised dealer/ distributors

Polycab India Limited | Corporate Presentation

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Strategic initiatives to drive sustainable growth over long term

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• Holistic cost optimization program

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▪
▪
▪ Implement digital tools
Project
Project
Udaan
Leap
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• Build a lean and sustainable cost structure

• Institutionalize new ways of working

• Implement digital tools

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Project
Shikhar
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• Multiyear transformational journey with an aim to cross Rs 200bn in sales by FY26

• Strengthen retail and influencer connect

• ▪ Channel Expansion

• Strengthen leadership in B2B portfolio and Achieve breakout growth in B2C portfolio

• The Polycab “Experts Program”

• ▪ Target - 300 high potential cities in 2 years ▪ Reach over half of all the retailers directly ▪ Drive 3x sales in these markets

• Future proof success through organization, digital and functional excellence

• Accelerate Sustainability Agenda meaningfully

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Forward looking statements
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Polycab India Limited | Corporate Presentation

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Strong Manufacturing & R&D capabilities

Polycab India Limited | Corporate Presentation

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Inhouse Manufacturing with a high degree of backward integration and Automation…

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Multi-location manufacturing (Products[1; ] Annual capacity)

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Roorkee
Fans 3.7mn
Waghodia
Copper Rods 225k MT
Halol & Daman
Nashik
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Halol

Fan Manufacturing Unit

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Wires & Cables 4.1mn kms

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Nashik
Switchgears 9mn
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Braiding Machines

Cable CCV Line

1. Figures are absolute numbers where no units are indicated as of 31[st] March, 2021;

Polycab India Limited | Corporate Presentation

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…Strong R&D and innovation capabilities with quality assurance

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Investments in in-house R&D capabilities with strong focus on backward integration…

• NABL ISO 17025 certified R&D centre to support own manufacturing

• Over 100 engineers and technicians

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Green Wire

Our ecological initiative

Launched Green Wire in 2017 an energy efficient and environment-friendly product that contributes to India’s ‘Go Green’ mission

• Centre of excellence for R&D on polymers

• Bought out Ryker further strengthening backward integration of operations

• and improve quality of its key input i.e. Copper

• Ryker Plant copper analysis center for both incoming and out -going raw materials

• Existing facilities for key raw materials with continuously improving R&D capabilities to capitalize on industry trends

• Environmentally friendly power cables, rubber (elastomeric) cables and electron-beam irradiated cables

Supported by quality & reliability initiatives…

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Polycab India Limited | Corporate Presentation

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Robust Financials

Polycab India Limited | Corporate Presentation

Proven track record of financial performance

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Revenue (INR mn) EBITDA (INR mn) EBITDA Margin % PAT (INR mn) PAT Margin %
9.9%
12.8% 13.1% 8.7%
11.9%
10.9%
6.3%
9.4%
88,300 89,265 5.3%
79,856 4.3%
67,831
8,859
11,276 11,668
55,365 7,656
9,504
7,418
5,003
5,177 3,586
2,406
FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21
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Delivering steady growth + profitability

Strong manufacturing capability

Expansion of Distribution Network

Focus on Profitable Growth

Notes: (1) Numbers on consolidated basis (2) Revenue: Revenue from operations (3) EBITDA excludes Other Income (4) CAGR - five years

Polycab India Limited | Corporate Presentation

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Proven track record of financial performance

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ROCE/ROE (%)
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ROCE ROE ROCE Post Tax
27.9%
26.4%
22.3%
21.0%
20.0%
18.5%
18.6%
15.2% 15.2%
19.9% 18.5%
17.5%
12.0%
13.3%
9.9%
FY17 FY18 FY19 FY20 FY21
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Debt/Equity ratio
0.43x
0.34x
0.10x
0.05x
0.04x
FY17 FY18 FY19 FY20 FY21
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Capital Expenditure (INR mn)
2,789 2,814 2,814
1,911
1,832
FY17 FY18 FY19 FY20 FY21
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Net Cash Position (INR mn)

9,058 442 1,642 -7,906 -7,897 FY17 FY18 FY19 FY20 FY21

Improving returns and surplus cash to fuel future growth

Growth Funded by Internal Accruals

Invested in technology and built capacities for future

Notes: (1) ROCE (Return on Capital Employed) is (Profit before tax plus finance cost) divided by closing value of (Debt plus total equity including non-controlling interest), ROCE post tax uses effective tax rate (2) ROE (Return on Equity) is Profit for the year divided by closing value of equity including non-controlling interests (3) Debt / Equity: Total debt / equity including non-controlling interests (4) Net Cash Position: Cash + Bank balances + Investments - Debt

Polycab India Limited | Corporate Presentation

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Consolidated Profit and Loss Statement

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Particulars (INR mn)	FY 2021 % FY 2020 % FY 2019 %	FY 2021 % FY 2020 % FY 2019 %	FY 2021 % FY 2020 % FY 2019 %	FY 2021 % FY 2020 % FY 2019 %	FY 2021 % FY 2020 % FY 2019 %	FY 2021 % FY 2020 % FY 2019 %
Revenue from Operation	89,265	100.0%	88,300	100.0%	79,856	100.0%
Cost of Goods sold	66,065	74.0%	63,686	72.1%	59,660	~~28~~ 74.7%
Contribution (A)	23,200	26.0%	24,613	27.9%	20,196	25.3%
Employee cost	3,604	4.0%	3,657	4.1%	3,002	3.8%
Other Operating Expenses	7,926	8.9%	9,606	10.9%	7,666	9.6%
Total Operating Expenses (B)	11,530	12.9%	13,263	15.0%	10,668	13.4%
Share of profit/(loss) of JVs (Net of tax) (C)	-2	0.0%	-74	-0.1%	-23	0.0%
EBITDA (A) - (B) + (C)	11,668	13.1%	11,276	12.8%	9,504	11.9%
Other Income	1,282	1.4%	928	1.1%	638	0.8%
Depreciation	1,866	2.1%	1,609	1.8%	1,414	1.8%
Finance Cost	531	0.6%	495	0.6%	1,167	1.5%
Exceptional items	97	0.1%	0	0.0%	0	0.0%
PBT	10,650	11.9%	10,100	11.4%	7,561	9.5%
Income Tax	1,791	2.0%	2,444	2.8%	2,558	3.2%
PAT	8,859	9.9%	7,656	8.7%	5,003	6.3%

Polycab India Limited | Corporate Presentation

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Consolidated Balance Sheet

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Particulars (INR mn)	FY 2021 FY 2020 FY 2019	FY 2021 FY 2020 FY 2019	FY 2021 FY 2020 FY 2019		Particulars (INR mn)	FY 2021 FY 2020 FY 2019	FY 2021 FY 2020 FY 2019	FY 2021 FY 2020 FY 2019
Assets					Equity & Liabilities
Non-Current Assets					Shareholder's Funds			~~29~~
Fixed Assets	19,686	16,632	14,686		Share Capital	1,491	1,489	1,412
					Reserves and Surplus	46,048	36,875	27,057
Financial / Non-current Assets	2,734	2,485	2,355
					Total Shareholder’s Funds	47,539	38,364	28,470
Total Non-current Assets	22,421	19,117	17,041
					MinorityInterest	188	150	84
Current Assets					Non-current Liabilities
Inventories	19,879	19,250	19,958		Borrowings	1,037	107	889
					Others - Non-current Liabilities	1,237	904	650
Trade Receivables	14,358	14,336	13,343
					Total Non-current Liabilities	2,274	1,011	1,540
Investments	6,231	400	0
					Current Liabilities
Cash and Bank Balances	5,313	2813	3166
					Short-term Borrowings	890	1,115	1,031
Others - Current Assets	1,945	3,700	2,774		Trade Payables	13,480	13,537	15,202
					Others - Current Liabilities	5,776	5,440	9,957
Total Current Assets	47,726	40,499	39,242
					Total Current Liabilities	20,146	20,091	26,189
Total Assets	70,147	59,616	56,283
					Total Equity and Liabilities	70,147	59,616	56,283

Polycab India Limited | Corporate Presentation

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Consolidated Annual Cash Flow Statement

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Particulars (INR mn)	FY 2021 FY 2020 FY 2019	FY 2021 FY 2020 FY 2019	FY 2021 FY 2020 FY 2019
Net Cash Flow from Operating Activities	12,382	2,446	12,300
Net cash flow from/(used in) investing activities	-10,121	-2,622	-4,077
Net cash flow from/(used in) financing activities	-1,606	107	-6,514
Net Increase / (Decrease in cash and cash equivalents)	656	-69	1,708

Polycab India Limited | Corporate Presentation

30

Q4 FY21 Key Highlights

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Top-line (Revenue) Operating (EBITDA) Profitability (PAT)

Q4FY21: 30,374 mn

Q4FY21: 4,220 mn

Q4FY21: 2,832 mn 32% YoY 7% QoQ

43% YoY

43% YoY

9% QoQ

12% QoQ

FY21: 89,265 mn 1% YoY

FY21: 11,668 mn 3% YoY

FY21: 8,859 mn 16% YoY

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ROCE

Q4FY21: 31.9% 205bps YoY 133bps QoQ

FY21: 22.3% -417bps YoY

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Mobile App
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Notes: (1) Numbers on consolidated basis (2) Revenue: Revenue from operations (3) EBITDA excludes other Income (4) PAT: Profit After Tax on reported basis and includes exceptional items (5) Annualised Returns On Capital Employed (ROCE)

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Shareholding Pattern

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Promoters 68.4% Others 15.3% Alternate Investment Funds 0.7% International Finance Corporation 2.5% Foreign Institutional Investors 6.4% Domestic Mutual Funds 6.6%

Note: As on 31st March 2021.

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Notes: As on September 30 [th] 2019
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Leadership Team - Board of Directors

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Inder T Jaisinghani Chairman and Managing Director

Bharat A Jaisinghani Whole-Time Director

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RS Sharma

TP Ostwal

Independent Director

Independent Director

Holds a degree from ICWA . Previously served as Chairman and MD at ONGC Ltd. He has also worked as a Senior Advisor at McKinsey & Company and Chaired the FICCI Hydrocarbon committee.

Practicing Chartered Accountant and is a senior partner with T.P Ostwal and Associates LLP. Contributed to transfer pricing regulations in India as well as Developing Countries of United Nations

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Nikhil R Jaisinghani Whole-Time Director

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Pradeep Poddar Independent Director

IIM-Ahmedabad Alumni. Was M.D. of Heinz for India and South Asia. Led the Tata Group's Global foray into healthy beverages. Currently on the Boards of Monsanto India Ltd, Welspun India Ltd, and Uflex Ltd.

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Rakeshkumar Talati Whole-Time Director

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Sutapa Banerjee Independent Director

Advanced Leadership Fellow at Harvard. Economics Gold medalist. On Boards of Zomato, Godrej Properties, JSW Cement, Axis Capital, Manappuram Finance, amongst others

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Leadership Team - Management

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• Blend of Entrepreneurial and Professional Management

• Professionals with Prior Experience in Vedanta, Tata Group, Unilever, Havells, Bajaj, SRBC & Co, Orient, Crompton etc.

• Vision to Execute Strategies in a Dynamic Environment

• Extensive Relationships and Deep Business Understanding

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Anil Hariani Director – Commodities (Non-board member)

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Anil Shipley Executive President and Chief Supply Chain Officer

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Anurag Agarwal Executive President

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Ashish D. Jain Executive President & Chief Operating Officer

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Bhushan Sawhney Diwaker Bharadwaj Executive President & Chief President (Packaging Business Officer (LDC) Development)

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Gandharv Tongia
Chief Financial Officer
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Kunal I Jaisinghani Head – Agri Products

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Manita Carmen A. Gonsalves Company Secretary and Compliance Officer

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Manoj Verma Executive President & Chief Operating Officer (CE)

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Nilesh Malani Executive Vice President and Chief Marketing Officer

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Rajesh Nair Chief HR Officer & Executive President

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Sandeep Bhargava
Executive President & Chief
Procurement Officer
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Sanjeev Chhabra Executive President & Chief Treasury Officer

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Shashi Amin Executive President & Chief Business Officer (Cables)

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SL Bajaj

Director (Non-Board member)

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Vivek Khanna Executive President & Chief Information Officer

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Our Social Responsibility – A Philosophy of Empathetic Care

Community

Infrastructure

Education

Health

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Promoting efficient farming through sessions on soil testing & model farms

Construction of toilets and providing clean drinking water in Gadhmahuda, Chachariya & Govindpuri village

Leadership Enrichment for Adolescence through Assessment & Development (LEAAD) programme organised, students exposed to leadership building qualities

Mobile Medical Unit offering services like OPD, medicines, health talks, camps & counselling in interiors. On an average 90 to 100 patients/day take advantages of these services

Women oriented skill training & creation of self help groups

Improvements in school infrastructure in Chachariya & Baska villages

Deeping of water reservoirs under Gujarat Government initiated “Sujalam Sufalam” programme in villages of Asoj, Bodidra & Waghodia were deepened

Study Science, Technology, Engineering & Mathematics (STEM) Laboratory set up for students to learn practical aspects of education

Jointly conducted breast tumour detection camp with Shree Halol Stree Samaj

Health camps in Mota Sandhiya, and Jalariya villages

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Enhancing shareholder value

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Market Cap
INR 205.7 Bn (USD 2.8 Bn)
(as of 31 March 2021)
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111%
28%
28%
27%
26%
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POLYCAB BSE SENSEX NIFTY 50 NIFTY 500 MSCI India

Market Cap in USD calculated using USD INR spot rate of 73.2

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Safe Harbour

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This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions or variations of these expressions or negatives of these terms indicating future performance or results, financial or otherwise, which are forward looking statements. These forward looking statements are based on certain expectations, assumptions, anticipated developments and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, market growth, intense competition and the pricing environment in the market, consumption level, ability to maintain and manage key customer relationship and supply chain sources and those factors which may affect our ability to implement business strategies successfully, namely changes in regulatory environments, political instability, change in international copper, aluminum, oil prices and input costs and new or changed priorities of the trade. The Company, therefore, cannot guarantee that the forward-looking statements made herein shall be realized. The Company, based on changes as stated above, may alter, amend, modify or make necessary corrective changes in any manner to any such forward looking statement contained herein or make written or oral forward-looking statements as may be required from time to time on the basis of subsequent developments and events. The Company does not undertake any obligation to update forward looking statements that may be made from time to time by or on behalf of the Company to reflect the events or circumstances after the date hereof.

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Thank you

Polycab India Limited CIN: L31300GJ1996PLC114183

Contact us

For investor relations: investor.relations@polycab.com For queries on shares & investor grievance: shares@polycab.com Website: www.polycab.com

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