Polycab India Limited — Important, 06-05-2025: General Updates

Polycab has announced a board meeting to approve the merger of its subsidiary Uniglobus Electricals and Electronics, which focuses on FMEG products like LED drivers and luminaries. Uniglobus reported a turnover of ₹175.28 Cr and net worth of ₹9.35 Cr. The consolidation is expected to streamline operations, reduce costs, and improve technology transfer and customer service, strengthening Polycab’s product portfolio without altering its shareholding structure.