Polycab India dividend: ₹47 per share announced for FY26

Stock reaction after dividend announcement

Polycab India shares ended higher on Wednesday, May 6, after the wire and cable maker announced a dividend recommendation for the financial year 2025-26. The move was disclosed through a stock exchange filing after the company’s board meeting on the same day. The proposal is a key corporate action for shareholders tracking annual cash returns from large listed electrical and cables companies. While the market reaction was positive on the day, investors will still need to wait for formal shareholder approval at the upcoming Annual General Meeting (AGM). The company has also not yet shared the record date that will determine eligibility. Until that date is declared, investors cannot conclusively plan purchases for the dividend. The announcement, however, sets the headline dividend amount for FY26.

What Polycab’s board approved on May 6, 2026

Polycab India said its Board of Directors, in its meeting held on May 6, 2026, approved the recommendation of a dividend for FY2025-26. The dividend has been proposed at 470% on the face value of the equity share. In rupee terms, that translates to ₹47 per equity share. The face value of each equity share is ₹10. The company stated that the dividend recommendation is subject to approval of members at the ensuing AGM. The decision was communicated via a BSE filing released on Wednesday. The disclosure sets out the rate clearly but does not include the record date or the book closure period.

Dividend rate explained: 470% equals ₹47 per share

In Indian corporate actions, dividend percentages are typically quoted on the face value of the share. For Polycab India, a 470% dividend means 4.7 times the face value of ₹10. That works out to ₹47 for each equity share. The proposed payout is described as a dividend recommendation for FY2025-26, and it is not yet final until shareholders approve it at the AGM. Investors should also note that the announcement is about the dividend rate per share, not a yield. Yield depends on the prevailing share price, which can change daily.

Shareholder approval and payment timeline

Polycab India has said the proposed dividend is awaiting ratification by members at the forthcoming AGM. If the dividend is approved, the payment will be processed within 30 days from the date of the meeting. This timeline is important for investors who track expected cash inflows after AGMs. The company has not published the AGM date in the provided information, so the exact payment date cannot be inferred. The company also indicated that further details related to book closure and record date will be communicated in due course. Until those dates are announced, shareholders do not have a confirmed eligibility cut-off.

Record date and book closure: what is known so far

To become eligible for the dividend payout, investors must own the stock on or before the dividend record date. Polycab India has not fixed the dividend record date for FY26 as of the May 6 announcement. The company has also not announced book closure dates alongside the FY26 dividend recommendation. In its communication, it indicated that these dates will be shared later. For investors, the key point is that buying shares after the eventual ex-dividend date would generally make them ineligible, but the ex-date itself will only be known once the company announces record date and the exchanges reflect it.

Past dividend reference: FY24-25 dates and eligibility

The provided information also includes details of an earlier dividend declared by Polycab India. For the dividend linked to FY24-25, the record date shown is June 24, 2025, and the ex-dividend date is also June 24, 2025. The dividend amount listed for that corporate action is ₹35 per share. As described, registered shareholders owning the shares on or before the record date were eligible, while purchases on or after the ex-dividend date did not qualify. The same source notes that investors could expect the dividend credit in the bank account linked to their demat account within 25 to 45 business days after the record date. These older dates are a reference point only and do not set the FY26 schedule.

Snapshot table: FY26 dividend proposal versus last declared dividend

Dividend history table from corporate action data

The provided corporate action table lists several past dividends by year, face value, and dividend rate.

Market impact and what investors will track next

The immediate market signal in the provided information was that Polycab India’s share price ended higher on May 6 after the dividend recommendation. For income-focused shareholders, the next key updates will be the AGM date, the record date, and the book closure period. Those dates determine who qualifies for the dividend and when the stock starts trading ex-dividend. The company has said payment would be made within 30 days of the AGM if shareholders approve the proposal. Separately, the provided data also mentions a “current dividend yield” figure of 0.42% for Polycab India, while another market snapshot in the same input references a yield of 0.49% alongside an annual dividend of ₹35 per share and the last ex-dividend date of June 24, 2025. Investors typically reconcile such figures by checking the latest traded price and the most recently declared dividend amount.

Conclusion

Polycab India has recommended a final dividend of ₹47 per share (470%) for FY2025-26, with the proposal awaiting shareholder approval at the upcoming AGM. The company has not yet announced the record date and book closure, and it has said these details will be communicated later. If approved, the dividend is expected to be paid within 30 days from the AGM date.