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Polycab India Limited announced the sad demise of Mr. Diwaker Bharadwaj, President – Automation, Serialization, Packaging and Brand Protection, who served as a Senior Management Personnel.
Polycab India Limited announced a leadership reorganization following a board meeting on May 6, 2026. The changes involve seven senior executives, including CFO Niyant Maru and several Senior Management Personnel across B2C, EPC, Telecom, and Digital domains. These designation updates reflect internal restructuring to align management roles with the company's strategic objectives.
Polycab India Limited has re-appointed Ernst & Young LLP (EY) as Internal Auditors for the Financial Year 2026-27. The decision was approved by the Board of Directors on May 06, 2026, ensuring continuity in the company's internal audit and governance processes.
Polycab India reorganized its senior management effective May 06, 2026. Four executives were redesignated to lead B2C, EPC, Operations, and Telecom units. Simultaneously, Mr. Ritesh Arora and Mr. Rakesh Rajput ceased to be Senior Management Personnel due to organizational restructuring, though they remain employees.
Polycab India Limited approved the extension of Mr. Niyant Maru's tenure as Chief Financial Officer from July 17, 2026, until April 16, 2027. This extension follows recommendations from the Nomination and Remuneration Committee.
Polycab India Limited has re-appointed Ms. Sutapa Banerjee and Mr. Bhaskar Sharma as Non-Executive Independent Directors. Ms. Banerjee's term is for two years effective May 13, 2026, while Mr. Sharma's term is for four years starting May 12, 2026. These appointments aim to strengthen the board's governance and strategic expertise.
Polycab India approved the re-appointment of Ms. Sutapa Banerjee and Mr. Bhaskar Sharma as Independent Directors for second terms of two and four years, respectively. The appointments, effective from May 2026, are subject to shareholder approval via postal ballot. Both directors bring extensive experience in financial services and consumer marketing to the board.