Polycab India Limited has announced the approval of its Scheme of Arrangement by the National Company Law Tribunal (NCLT). This scheme involves the amalgamation of Uniglobals Electricals Private Limited, a wholly-owned subsidiary, with the Company. The Order confirming the scheme was pronounced on February 26, 2026. This corporate restructuring is now effective, and the requisite filings have been made, completing the procedural requirements related to the transfer of assets and liabilities.
Confirmation of Corporate Restructuring
Polycab India Limited has issued a formal disclosure regarding the final approval of its proposed Scheme of Arrangement. The document confirms that the National Company Law Tribunal (NCLT), bench at Ahmedabad, sanctioned the scheme on February 26, 2026.
Details of the Amalgamation
The Scheme of Arrangement specifically details the amalgamation of Uniglobals Electricals Private Limited (referred to as the Transferor Company) with Polycab India Limited (referred to as the Transferee Company). Uniglobals Electricals was a wholly-owned subsidiary of Polycab India Limited prior to this order.
The announcement confirms that the Order sanctioning the scheme was duly pronounced by the Tribunal, thereby making the provisions of the Companies Act, 2013, related to the scheme framework, immediately effective.
Effective Date and Compliance
The scheme will become effective on the date when the certified copy of the Hon’ble NCLT order is filed with the Registrar of Companies, Ahmedabad. Polycab India Limited has ensured that the required documents are made available on the company’s website for public access and review following this regulatory approval.
Source: BSE
