Polycab India Limited says its board has approved the re-appointment of two independent directors for fresh terms, signaling a continuity-driven push to strengthen governance. In a meeting held on April 3, 2026, the board, acting on the recommendation of the Nomination and Remuneration Committee, approved the re-appointments of Sutapa Banerjee and Bhaskar Sharma for second terms, subject to approval by shareholders through a postal ballot. Sutapa Banerjee will serve a two-year term from May 13, 2026 to May 12, 2028 (not liable to retirement by rotation), while Bhaskar Sharma will serve a four-year term from May 12, 2026 to May 11, 2030 (also not liable to retirement by rotation).
Both directors are not debarred from holding office by SEBI or any other authority. The company will provide detailed disclosure on these appointments in Annexure A and Annexure B and will publish the information on its website in due course. This move underscores Polycab’s emphasis on experienced governance, with the re-appointments aligning with the company’s broader strategy to maintain stability and continuity at the board level.
Sutapa Banerjee brings more than three decades of financial services experience, including leadership roles at ANZ Grindlays, ABN AMRO, and Ambit, where she built and headed several businesses. Her background has earned recognition, including a nod as one of the Global Rising Stars of Wealth Management in 2007 by Institutional Investor Group, and she currently contributes as an adjunct governance faculty member at IICA. Bhaskar Sharma is described as a marketing and growth-focused leader with regional expertise across Asia Pacific, Africa, and the Middle East. He has held senior positions including CEO of Red Bull India and governance roles such as Independent Director at HDB Financial Services, along with advisory roles to industry groups, reinforcing the board’s mix of strategic and market-facing perspectives.