Crompton Greaves Consumer Electricals reassigns internal audit head
- Nikhil Thakkar ceases to be Senior Management Personnel effective October 15, 2026
- Transition is due to a new role within the company, not cessation of employment
- Thakkar previously served as Head of Internal Audit, Risk and Control
- Change complies with Regulation 30 of SEBI Listing Regulations

*this image is generated using AI for illustrative purposes only.
Crompton Greaves Consumer Electricals Limited announced that Nikhil Thakkar will cease to be a Senior Management Personnel (SMP) effective the closure of business hours on October 15, 2026. The change results from his transition to a new role within the company, altering the internal reporting structure.
Nature of the Transition
Thakkar, who served as Head of Internal Audit, Risk and Control, will continue to be associated with the company in his new capacity. The filing explicitly states that this transition does not constitute a cessation of employment. Consequently, he no longer falls within the definition of SMP as prescribed under Regulation 16(1)(d) of the SEBI Listing Regulations.
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The move was communicated to both the BSE and the National Stock Exchange of India on October 15, 2026.
Governance and Compliance Context
During his tenure as Head of Internal Audit, Risk and Control, Thakkar played an instrumental role in strengthening the company's internal audit framework and risk management processes. The company noted that he led several initiatives aimed at enhancing governance standards and improving control effectiveness.
His contributions were cited as supporting the company's commitment to robust compliance and operational excellence. The revised reporting structure reflects a strategic realignment of responsibilities within the organization.
Disclosure Details
The following table summarizes the key particulars disclosed under Regulation 30:
| Particulars | Details |
|---|---|
| Reason for change | Transition to a new role within the company |
| Date of cessation as SMP | Closure of business hours on October 15, 2026 |
| Employment status | Continuing as an employee of the company |
| Previous role | Head of Internal Audit, Risk and Control |
This administrative change ensures compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company requested the exchanges to take the information on record.
Historical Stock Returns for Crompton Greaves
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.21% | +2.30% | -6.69% | -9.31% | -23.05% | -54.58% |
How will the strategic realignment of Thakkar's new role impact Crompton Greaves' long-term risk management strategy?
Who is the successor appointed as Head of Internal Audit, Risk and Control, and what is their background?
Does this internal restructuring signal broader organizational changes within Crompton Greaves' senior management team?


































