Polycab India Proposes ₹47 Dividend, Seeks Director Re-appointment

Polycab India has recommended a dividend of ₹47 per equity share for the financial year ending March 31, 2026. The company's Board of Directors has also proposed the re-appointment of Mr. Vijay Pratap Pandey as an Executive Director.

Reader Takeaway: A substantial ₹47 dividend payout; leadership continuity in manufacturing.

What just happened

The Board of Directors of Polycab India has recommended a significant dividend of ₹47 per equity share (face value ₹10) for the financial year 2025-26. This represents a 470% payout on the face value. Additionally, the company is seeking shareholder approval at its upcoming 30th Annual General Meeting (AGM) for the re-appointment of Mr. Vijay Pratap Pandey as an Executive Director.

Why this matters

The substantial dividend payout signals strong financial performance and a commitment to returning value to shareholders. The re-appointment of Mr. Pandey, who has extensive experience and played a key role in the growth of the cable and wire business, ensures leadership continuity.

The backstory

Mr. Vijay Pratap Pandey, aged 63, brings 43 years of experience in the cable and wire industry and has been associated with Polycab India since 2013. During his leadership as President - Manufacturing, the company's cable and wire segment witnessed a growth of over three times.

What changes now

Shareholders will vote on the dividend recommendation and Mr. Pandey's re-appointment at the 30th AGM. The dividend payment is subject to shareholder approval and applicable TDS. The record date for determining eligibility for the dividend is June 19, 2026.

Risks to watch

Investors need to be mindful of tax compliance for dividend payments, especially non-residents and residents who must submit necessary documentation by June 18, 2026, to avoid higher TDS rates. The company also reminds shareholders that share transfers are only processed in dematerialized form.

Peer comparison

(No peer comparison data available in the filing)

Context metrics (time-bound)

• Dividend recommendation: ₹47 per equity share for FY 2025-26.
• Dividend record date: June 19, 2026.
• AGM Date: June 30, 2026.
• Mr. Vijay Pratap Pandey's remuneration for FY 2025-26: ₹1.577 crore.
• Remuneration for Cost Auditors: ₹0.14 crore plus taxes and expenses for FY 2026-27.
• Remote e-voting period: June 27, 2026 (09:00 a.m.) to June 29, 2026 (05:00 p.m.).
• E-voting cut-off date: June 23, 2026.

What to track next

Investors should monitor the outcome of the AGM regarding the dividend approval and Mr. Pandey's re-appointment. Compliance with tax documentation deadlines is crucial for eligible shareholders.