Butterfly Gandhimathi Appliances Limited has disclosed a consumer dispute case under Regulation 30 of SEBI Listing Regulations, with an order received from the District Consumer Disputes Redressal Commission, Jeyepore, Odisha on April 25, 2026.

Case Details and Allegations

The consumer dispute centers around allegations of a defective electric chimney product manufactured by the company. The consumer filed a complaint claiming that the electric chimney purchased was defective, leading to the formal proceedings before the District Consumer Disputes Redressal Commission.

Financial Implications of the Order

The commission has issued a comprehensive order with multiple financial components that the company must fulfill:

Timeline and Regulatory Compliance

The order was received on April 25, 2026 at 12:15 PM, and the company has made the disclosure in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The original purchase of the allegedly defective electric chimney occurred on September 9, 2023.

Company's Assessment of Impact

Despite the financial obligations arising from the consumer commission's order, Butterfly Gandhimathi Appliances Limited has stated that there is no material impact on the financial, operations, or other activities of the company. The disclosure was signed by Company Secretary and Compliance Officer Jayant Barde on April 26, 2026.

Regulatory Framework

The disclosure has been made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency for investors and stakeholders regarding legal proceedings that could potentially affect the company's operations.

Crompton Greaves Consumer Electricals Limited has submitted a regulatory filing to stock exchanges confirming that it has not encumbered its substantial shareholding in butterfly gandhimathi appliances Limited during the financial year 2025-2026. The disclosure, dated April 2, 2026, was made pursuant to mandatory requirements under SEBI regulations.

Shareholding Details

The filing reveals key information about Crompton's investment in Butterfly Gandhimathi Appliances:

Regulatory Compliance

The disclosure was made under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters holding substantial stakes to confirm whether they have created any encumbrance on their shareholding during a financial year.

Crompton explicitly stated that neither directly nor indirectly has any encumbrance been made on its shareholding in Butterfly during the financial year 2025-2026. The confirmation was signed by Rashmi Khandelwal, Company Secretary and Compliance Officer, and submitted to both BSE and NSE.

Corporate Structure

The filing confirms Crompton's role as the promoter of Butterfly Gandhimathi Appliances, holding a controlling 75% stake. This substantial shareholding positions Crompton as the majority stakeholder with significant influence over Butterfly's operations and strategic decisions. The disclosure ensures transparency regarding any potential restrictions or charges on this significant investment.

The regulatory filing demonstrates Crompton's commitment to maintaining compliance with SEBI regulations and providing transparency to stakeholders regarding its investment portfolio and shareholding arrangements.