<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/npx" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>N-PX</submissionType>
    <filerInfo>
      <registrantType>IM</registrantType>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001890538</cik>
          <ccc>XXXXXXXX</ccc>
          <!--Field: Pseudo-Tag; ID: Name; Data:-->
        </issuerCredentials>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <periodOfReport>06/30/2024</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <yearOrQuarter>YEAR</yearOrQuarter>
      <reportCalendarYear>2024</reportCalendarYear>
      <reportingPerson>
        <name>Polus Capital Management Ltd</name>
        <phoneNumber>442072594800</phoneNumber>
        <address>
          <com:street1>62 BUCKINGHAM GATE</com:street1>
          <com:city>LONDON</com:city>
          <com:stateOrCountry>X0</com:stateOrCountry>
          <com:zipCode>SW1E 6AJ</com:zipCode>
        </address>
      </reportingPerson>
      <agentForService>
        <name>Melanie Davison</name>
        <address>
          <com:street1>62 Buckingham Gate</com:street1>
          <com:city>London</com:city>
          <com:stateOrCountry>X0</com:stateOrCountry>
          <com:zipCode>SW1E 6AJ</com:zipCode>
        </address>
      </agentForService>
      <reportInfo>
        <reportType>INSTITUTIONAL MANAGER NOTICE REPORT</reportType>
        <noticeExplanation>REPORTING PERSON DID NOT EXERCISE VOTING</noticeExplanation>
        <confidentialTreatment>N</confidentialTreatment>
      </reportInfo>
      <fileNumber>028-22909</fileNumber>
      <reportingCrdNumber>000139138</reportingCrdNumber>
      <reportingSecFileNumber>801-66019</reportingSecFileNumber>
      <explanatoryInformation>
        <explanatoryChoice>N</explanatoryChoice>
      </explanatoryInformation>
    </coverPage>
    <signaturePage>
      <reportingPerson>Polus Capital Management Ltd</reportingPerson>
      <txSignature>Melanie Davison</txSignature>
      <txPrintedSignature>Melanie Davison</txPrintedSignature>
      <txTitle>Chief Operating Officer</txTitle>
      <txAsOfDate>09/03/2024</txAsOfDate>
    </signaturePage>
  </formData>
</edgarSubmission>
