Polycab India Limited (NSE:POLYCAB) informed the stock exchanges on 16 July 2026 that its Board of Directors, at a meeting held the same day, approved unaudited standalone and consolidated financial results for the quarter ended 30 June 2026. The results were reviewed and recommended by the Audit Committee and accompanied by a Limited Review Report issued by statutory auditors B S R & Co. LLP. The board meeting commenced at 12:30 p.m. and concluded at 1:50 p.m.
Key Highlights
- The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and three months ended 30 June 2026, in compliance with Regulation 33 of the SEBI Listing Regulations.
- The Audit Committee reviewed and recommended the financial results before board approval, following the prescribed governance process under the Companies Act, 2013.
- B S R & Co. LLP, Chartered Accountants (Firm Registration No. 101248W/W-100022), the statutory auditors of the company, issued a Limited Review Report dated 16 July 2026 covering the consolidated statement.
- The auditors conducted the review under Standard on Review Engagements (SRE) 2410, as issued by the Institute of Chartered Accountants of India, and found no material misstatement in the financial statement.
- The consolidated results cover the parent company along with eight subsidiaries and one joint venture, Techno Electromech Private Limited, as part of the Group's reporting scope.
- The unaudited standalone and consolidated financial results will be made available on the company's official website at www.polycab.com following the exchange filing.
- The filing was submitted to both BSE Limited (Scrip Code: 542652) and the National Stock Exchange of India Limited (Symbol: POLYCAB) under Regulation 30 of the SEBI Listing Regulations.
About the Company
Polycab India Limited (NSE:POLYCAB, BSE: 542652) is one of India's largest manufacturers of wires and cables, with its registered office located in Halol, Panchamahal, Gujarat, and its corporate office in Mumbai. The company manufactures a wide range of products including power cables, control cables, instrumentation cables, solar cables, and building wires. Beyond wires and cables, Polycab has a growing Fast Moving Electrical Goods (FMEG) business that includes fans, LED lighting, switchgear, and conduits. The company sells its products across India through an extensive distribution network and also operates international subsidiaries including Polycab USA LLC and Polycab Australia Pty Ltd. Incorporated in 1996 under CIN L31300GJ1996PLC114183, the company is listed on both BSE and NSE.
Announcement in Detail
The exchange filing, submitted by Manita Carmen A. Gonsalves, Vice President-Legal and Company Secretary (Membership No. A18321), confirms that Polycab India's Board of Directors met on Thursday, 16 July 2026. At this meeting, the board considered and approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, which also covers the three-month period ending on that date. The Audit Committee reviewed and recommended these results prior to board approval, in keeping with applicable governance requirements under the Companies Act, 2013 and SEBI Listing Regulations.
B S R & Co. LLP, the statutory auditors, issued a Limited Review Report on the consolidated financial results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The review was conducted under SRE 2410 and was prepared in accordance with Indian Accounting Standard 34, "Interim Financial Reporting." The auditors concluded that nothing came to their attention suggesting any material misstatement in the statement, or that it failed to disclose information required under Regulation 33.
The consolidated statement covers eight subsidiaries: Dowells Cable Accessories Private Limited, Tirupati Reels Private Limited, Steel Matrix Private Limited (wholly owned), Polycab USA LLC (wholly owned), Polycab Australia Pty Ltd (wholly owned), Polycab Electricals and Electronics Private Limited (wholly owned), Polycab Support Force Private Limited (wholly owned), and Polycon Infra Projects Private Limited (wholly owned). The Group also includes one joint venture, Techno Electromech Private Limited. The auditors noted that interim financial statements of eight subsidiaries were reviewed by other auditors whose reports were furnished to them, and their conclusion remains unmodified in this regard.
Impact on Investors
Investors will note that the filing represents a procedural but significant milestone, confirming that the company has met its quarterly reporting obligation under SEBI Listing Regulations on schedule. The Audit Committee's prior recommendation and the issuance of a Limited Review Report by B S R & Co. LLP indicate that the financial results were prepared in accordance with Ind AS 34 and contain no material misstatement as per the auditors' conclusion. Shareholders will observe that the board meeting was completed within approximately 80 minutes, from 12:30 p.m. to 1:50 p.m., with the results made available through official exchange platforms and the company's website.
The disclosed terms indicate that eight subsidiaries were reviewed by other auditors, and the statutory auditors' conclusion on those subsidiaries is based solely on the reports provided by those other auditors. Shareholders will also observe that the joint venture, Techno Electromech Private Limited, reported nil share of net loss and nil total comprehensive loss for the quarter ended 30 June 2026, as stated in the Limited Review Report. This announcement does not signal any dividend, buyback, or fundraising action, and the current disclosure is limited to the approval and filing of quarterly financial results for informational purposes.
Sector / Market Context
India's wires and cables sector has seen sustained demand driven by government infrastructure programmes, including the National Infrastructure Pipeline, housing electrification schemes, and renewable energy projects requiring transmission infrastructure. The cables segment is closely linked to capital expenditure cycles in the power, construction, and industrial sectors. Polycab, as one of the largest players by market share in organised wires and cables manufacturing, operates in a segment that benefits from both urban housing demand and industrial expansion.
SEBI's Regulation 33 mandates that listed companies submit quarterly financial results within 60 days of the end of each quarter. Compliance with this requirement on or before the prescribed date is a standard governance obligation for companies listed on BSE and NSE. The quarterly results season for the April-June 2026 quarter is underway across Indian listed entities, and filings such as this one form part of the routine financial disclosure calendar for large-cap companies in the capital goods and infrastructure materials space.