Crompton Greaves Consumer Electricals appoints Sachin Phartiyal as Home Electricals head

Crompton Greaves Consumer Electricals Ltd has appointed Sachin Phartiyal as Business Unit Head- Home Electricals, designated as Senior Management Personnel, effective July 2, 2026. The leadership restructuring is part of the company's Crompton 2.0 journey aimed at strengthening capabilities and fostering long-term growth. The changes were approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee.

Leadership Changes

The reshuffle involves several key executives. Mr. Rajat Chopra, formerly Business Unit Head – Home Electricals & Pumps, will transition to the role of Group Sales & Service Head (GSSH). Mr. Anand Kumar N, previously Group Sales & Service Head, has been designated as Business Unit Head – Kitchen Appliances, encompassing Small Domestic Appliances and Large Kitchen Appliances. Additionally, Mr. Anand Kumar will oversee the Pumps PL.

Consequent to these changes, Mr. Ketan Chaudhari, PL Head – Small Domestic Appliances, will cease to be classified as Senior Management Personnel of the company effective July 2, 2026. This change is due to a modification in the reporting structure, where Mr. Ketan Chaudhari will now report to Mr. Anand Kumar N. The company clarified that there is no change in his role, responsibilities, designation, or terms of employment.

Profile of New Appointee

Mr. Sachin Phartiyal brings nearly three decades of experience in consumer durables and electricals. He previously served as CEO & Executive Director at Torrent Electricals Ltd. from 2024 to 2026. His career includes leadership roles at Crompton Greaves Consumer Electricals Limited and over a decade at Whirlpool of India Ltd. He holds a B.Sc. from C.C.S. University, Meerut, and a postgraduate degree in Management.

Summary of Appointments

Name	New Role	Effective Date
Mr. Sachin Phartiyal	Business Unit Head- Home Electricals	July 02, 2026
Mr. Rajat Chopra	Group Sales & Service Head (GSSH)	July 02, 2026
Mr. Anand Kumar N	Business Unit Head – Kitchen Appliances	July 02, 2026
Mr. Ketan Chaudhari	Ceases to be Senior Management Personnel	July 02, 2026

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.31%	-4.15%	-1.90%	+3.24%	-22.93%	-42.63%

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%.

Category	Withholding Tax Rate	Documents Required
Dividend ≤ ₹10,000	Nil	NA
Valid PAN updated	10%	None (if no exemption)
Invalid/No PAN or PAN not linked with Aadhaar	20%	None (if no exemption)
Form 121 submitted	Nil	Copy of PAN card

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.

Category	Rate of Deduction	Documents Required
FIIs / FPIs	20% + surcharge and cess	FPI registration certificate
Other Non-residents	20% + surcharge and cess or Tax Treaty Rate	Tax Residency Certificate, PAN, Form 41, Self-declaration
Permanent Establishment in India	35% + surcharge and cess	Relevant declarations
Sovereign Wealth Funds	Nil	CBDT notification, Self-declaration

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.