Polycab India Recommends ₹47 Dividend, Sets AGM for June 30, 2026

Polycab India Limited has announced a dividend recommendation of ₹47 per equity share for the financial year 2025-26. The payout amounts to 470% of the face value of ₹10 per share.

Reader Takeaway: A significant dividend payout is recommended, but final approval hinges on shareholder consent at the upcoming AGM.

What just happened

Polycab India's Board of Directors has proposed a final dividend of ₹47 per share for the financial year ending March 31, 2026. This decision is pending approval from the company's shareholders.

Why this matters

This announcement is crucial for investors as it signals a return of capital to shareholders. Eligibility for the dividend depends on holding shares by the specified record date.

The backstory

Polycab India is a leading manufacturer of wires and cables and has a significant presence in the fast-moving electrical goods (FMEG) segment. The company has a history of paying dividends to its shareholders.

What changes now

Shareholders need to ensure they own shares of Polycab India before June 19, 2026, to qualify for this dividend. The dividend will be paid after the AGM, subject to tax regulations.

Risks to watch

The primary risk is that the dividend proposal may not receive final approval from shareholders at the AGM. Additionally, tax implications will affect the net payout received by investors.

Peer comparison

Polycab India operates in the electrical goods sector. Dividend policies can vary among peers, with some focusing more on reinvestment for growth while others prioritize shareholder returns.

Context metrics (time-bound)

• Recommended Dividend: ₹47 per equity share (FY 2025-26)
• Face Value: ₹10 per equity share
• Payout Percentage: 470%
• Record Date: June 19, 2026
• Book Closure: June 20, 2026, to June 30, 2026
• AGM Date: June 30, 2026

What to track next

Investors should monitor the outcome of the AGM on June 30, 2026, to confirm the dividend payout. They should also stay informed about any regulatory changes affecting dividend taxation.