Polycab dividend record date: June 19, 2026 for FY26

What Polycab announced

Polycab India Ltd, the country’s largest manufacturer of wires and cables, has announced the record date for its final dividend for the financial year 2025-26 (FY26). The company’s board has recommended a dividend of ₹47 per equity share with a face value of ₹10 each. That equals a 470% payout on the share’s face value.

The record date matters because it determines which shareholders are eligible to receive the dividend, subject to the payout being approved at the company’s Annual General Meeting (AGM). Polycab has said the dividend will be paid after June 30, 2026, if shareholders approve it at the AGM.

Dividend amount and what “470%” means

Polycab’s recommended final dividend is ₹47 per equity share. Since the face value of each equity share is ₹10, the dividend is described as 470% of face value.

This is a recommendation by the Board of Directors and is not final until shareholders approve it at the AGM. The company has also clarified that the payment will be subject to tax deduction at source (TDS), as applicable.

Record date fixed: June 19, 2026

Polycab has fixed Friday, June 19, 2026 as the record date to determine shareholder eligibility for the final dividend. In its filing, the company explained that eligibility will be determined based on the list of beneficial owners provided by the depositories for shares held in electronic form, and the register of members for shares held in physical form.

In practical terms, shareholders must be on the company’s eligible list as of the end of business hours on June 19, 2026. The filing also notes that the register will reflect valid requests received for transmission or transposition of shares, where applicable.

AGM approval: dividend remains subject to shareholder nod

The payout is subject to approval by shareholders at Polycab’s 30th AGM, scheduled for Tuesday, June 30, 2026. Only after shareholder approval will the dividend become payable.

Polycab’s communication frames the dividend as “recommended by the Board of Directors” for FY2025-26, reinforcing that the final decision rests with shareholders at the AGM.

Book closure window: June 20 to June 30, 2026

Polycab said the Register of Members and share transfer books will remain closed from Saturday, June 20, 2026 to Tuesday, June 30, 2026. The stated purpose is dividend determination and the AGM.

Book closure is the period during which the company pauses processing share transfers in order to finalise the shareholder list for corporate actions such as dividends and for voting at the AGM.

When the dividend will be paid and tax treatment

As per the filing, if approved at the AGM, the dividend would be paid after June 30, 2026. The company has explicitly stated that payment will be “subject to deduction of tax at source, as may be applicable.”

For investors, this means the dividend amount received could be net of TDS depending on the shareholder’s status and applicable tax rules. The company’s filing does not specify a single payment date, only that it will be after the AGM date.

How eligibility is determined for demat and physical shareholders

Polycab’s filing outlines the two routes for establishing eligibility. For shares held in electronic form, names must appear as beneficial owners in the list provided by National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) as of the record date.

For shares held in physical form, names must appear in the company’s Register of Members as of the record date. The company also notes that the register will reflect valid requests received for transmission or transposition of shares by the end of business hours on June 19, 2026.

Market context: the May 6 dividend recommendation

Polycab’s board approved the dividend recommendation at its meeting held on May 6, 2026, as disclosed in a BSE filing. Separate market coverage around that disclosure noted that the stock ended higher on the day of the dividend announcement.

The May 6 disclosure set out the dividend rate clearly, while the record date and book closure details were communicated later. With the record date now fixed, investors have clarity on the key dates that govern eligibility.

Dividend policy signal: payout ratio and FY30 goal

A separate note on the proposed dividend stated that this takes Polycab’s dividend payout to 27.2% from 26.3% last year. It also linked the trajectory to “Project Spring,” describing a goal of increasing the dividend payout to above 30% by FY30.

These figures provide a policy context for the FY26 dividend recommendation, although the dividend itself remains subject to shareholder approval.

Key details at a glance

Why these dates matter for shareholders

For dividend-focused investors, the record date is the key cut-off used by the company to determine entitlement. Polycab has stated that eligibility will be based on shareholding status as of the end of business hours on June 19, 2026.

The AGM date matters because the dividend is not final until approved by shareholders. Until that approval is obtained, the dividend remains a proposal recommended by the board.

What to watch next

The next formal step is shareholder approval at Polycab’s 30th AGM on June 30, 2026. After the AGM, the company has indicated the dividend would be paid, with TDS applied where required.

Investors looking for final confirmation will track the AGM outcome and subsequent communication on the exact payment date following the meeting.