Polycab India Limited has announced a leadership transition affecting its senior management, signaling a refining of its reporting structure as part of ongoing organizational realignment. The company disclosed that Rishikesh Rajurkar, who held the role of President – Projects, will cease to be Senior Management Personnel (SMP) due to a change in the reporting structure, while continuing to be employed by Polycab. The change is effective from the close of business on August 19, 2026.
In practical terms, the move appears to streamline the executive hierarchy without triggering a departure from the company. Rajurkar remains a key member of Polycab’s leadership, with the firm indicating the transition is a structural adjustment rather than a termination or external appointment. The development underscores Polycab’s ongoing effort to optimize its project leadership and governance framework as it pursues its strategic priorities.
The company’s communication notes that additional details will be available on Polycab’s official website, and reminds investors and stakeholders of the ongoing evolution within its senior leadership. While the specifics of the new reporting relationships were not detailed, the update reaffirms the company’s emphasis on maintaining continuity of leadership as it navigates a dynamic market environment.