Polycab India shares in focus as MSCI defers stock deletion from its indices

Shares of Polycab India Ltd are in focus on Thursday after MSCI deferred the stock's deletion from its indices pending further developments and clarifications from relevant authorities. The decision follows the National Company Law Appellate Tribunal (NCLAT) reserving its judgment on insolvency proceedings. The move defers potential passive outflows linked to the deletion.

MSCI said it will continue to monitor the stock's status on the Insolvency Resolution Process list and any subsequent orders issued by the NCLAT. "MSCI will communicate any further changes, as appropriate," it said.

On October 28, Polycab India said the Principal Bench of the National Company Law Appellate Tribunal (NCLAT), New Delhi, had, through its October 27, 2026 order, directed MSCI not to delist the stock from its indices until the order was pronounced. The company said a copy of the NCLAT order was attached to its filing.