Crompton Greaves Consumer Electricals Limited has scheduled its 12th Annual General Meeting for Friday, August 7, 2026, via Video Conferencing and Other Audio-Visual Means. The Board of Directors recommended a final dividend of ₹3 per equity share of face value ₹2 each for the financial year ended March 31, 2026, subject to shareholder approval at the meeting. The record date to determine eligibility for the dividend and e-voting is Friday, July 24, 2026, with payment scheduled on or after August 7, 2026, within 30 days of the declaration, following the deduction of tax at source.

The company communicated the applicable withholding tax rates under the Income-tax Act, 2025. Shareholders are required to submit relevant forms and declarations to the company or its Registrar and Share Transfer Agent, Kfin Technologies Limited, by 6:00 PM IST on Sunday, July 12, 2026, to determine the appropriate TDS. The remote e-voting period commences on Monday, August 3, 2026, at 9:00 a.m. IST and concludes on Thursday, August 6, 2026, at 5:00 p.m. IST.

TDS Rates for Resident Shareholders

The tax rates vary based on the residential status of the shareholder and the documentation submitted. For resident shareholders, the TDS rate is nil if the aggregate dividend during the tax year does not exceed ₹10,000. A rate of 10% applies to resident individuals with a valid PAN updated in the company's records. If the PAN is invalid, not updated, or not linked with Aadhaar, the TDS rate increases to 20%.

TDS Rates for Non-Resident Shareholders

Non-resident shareholders, including Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs), face a TDS rate of 20% plus applicable surcharge and cess. Other non-resident shareholders may opt for the tax treaty rate if beneficial, subject to the submission of a Tax Residency Certificate and other declarations. The rate rises to 35% plus surcharge and cess for non-residents declaring a permanent establishment in India. Specific categories, such as sovereign wealth funds notified by the Central Government, are exempt from TDS.

The company emphasized that dividend payments to shareholders holding shares in physical mode will be made only through electronic mode, as mandated by SEBI. These shareholders must furnish their PAN, bank account details, contact details, and specimen signature to the company or the RTA. The application of beneficial tax treaty rates is subject to the verification of submitted documents, and in the absence of complete information, the highest applicable tax rate will be deducted conservatively.

Crompton Greaves Consumer Electricals Ltd has received an order from the Office of the Additional Commissioner of Appeals, State Tax, Chhattisgarh, upholding a tax demand of ₹52,35,922 for the period July 2017 to March 2018. The order, received on June 24, 2026, disallows the transitional credit claimed by the company. While the company stated there is no material impact on its financials, operations, or other activities, it disclosed a potential impact of ₹62,83,208.

The demand comprises a tax component of ₹23,36,265, interest of ₹26,66,030, and a penalty of ₹2,33,627. The potential impact includes a revised interest figure of ₹37,13,317 alongside the tax and penalty amounts. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Demand

The following table outlines the financial components of the tax demand as per the order:

Company Response

Crompton Greaves Consumer Electricals Ltd plans to appeal against the order. The appeal will be filed in line with the provisions of Section 112 of the SGST Act, 2017. Based on the merits of the matter, prevailing law, and advice from consultants, the company expressed a reasonable expectation of a favourable order from the appellate authorities.