Polycab India says NCLAT bars MSCI from delisting its stock for now

The tribunal reserved the appeal for orders on 27 Oct 2026. In the meantime it directed that no action be taken by MSCI until the order is pronounced. The company says the order was intimated to MSCI the same day.

A deadline that prompted the hearing

During the hearing the appellant's senior counsel told the tribunal that MSCI could delist the stock in its next review cycle, which starts on 28 Oct 2026, if the order was not pronounced that day. The tribunal's direction is what keeps that step from taking effect in the meantime.

This is the latest in a series of intimations. The company listed earlier updates dated 07, 08, 09, 14 and 16 Oct 2026 on the same appeal, and its recent filings also cover the NCLAT's early listing and the appeal's hearing on 15 Oct 2026.

What the NCLAT direction means for Polycab India's shareholders

The filing concerns the index status of Polycab's scrip, not its business or results. The company will keep notifying the exchanges of material events as they occur, as it says.

Not stated: the grounds of the appeal, when the NCLAT will pronounce its order, the outcome, whether MSCI will act on the index weight, and whether the matter affects the company's results. The next dated step is the tribunal's pronouncement, which the filing does not date.

At a glance

Reference: Original filing (PDF)