Crompton Greaves Consumer Electricals Receives ₹4.21 Crore Income Tax Demand for AY 2019-20

Crompton greaves Consumer Electricals Limited has disclosed receiving an income tax order imposing a demand of ₹4,21,07,197 inclusive of interest for Assessment Year 2019-20. The order was received from the office of the Assistant Commissioner of Income Tax, Circle-5(1)(1), Mumbai, on March 18, 2026.

Tax Order Details

The income tax order was passed under Section 154 of the Income Tax Act, 1961, against a rectification application filed by the company. The demand has been raised against alleged excess refund of tax for the assessment year 2019-20.

Parameter	Details
Authority	Assistant Commissioner of Income Tax, Circle-5(1)(1), Mumbai
Nature of Order	Rectification order under Section 154 of Income Tax Act, 1961
Assessment Year	2019-20
Total Demand	₹4,21,07,197 (inclusive of interest)
Date of Receipt	March 18, 2026 at 7:13 A.M.

Company's Response Strategy

Crompton Greaves Consumer Electricals is currently evaluating its response to the income tax department based on the merits of the matter, prevailing law, and advice from consultants. The company has not yet disclosed specific details about its planned course of action or timeline for response.

Financial Impact Assessment

While the potential financial impact of the order amounts to ₹4,21,07,197, the company has clarified that there is no material impact on its financials, operations, or other activities. This disclosure was made in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Compliance

The disclosure was made under Para A of Part A of Schedule III of Regulation 30 of the SEBI Listing Regulations and with reference to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has informed both BSE and NSE about the development through its Company Secretary & Compliance Officer, Rashmi Khandelwal.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.94%	-0.33%	-9.86%	-20.21%	-32.75%	-39.76%

Crompton greaves Consumer Electricals has reported experiencing exceptional demand growth in its induction and electric cookers segment. The company's management has indicated strong market traction for these kitchen appliance categories, reflecting broader consumer trends toward electric cooking solutions.

Strong Market Demand Drives Growth

The consumer electricals manufacturer has witnessed soaring demand for its induction and electric cooker products. This surge in demand indicates positive market reception and growing consumer preference for electric cooking appliances over traditional alternatives.

Strategic Price Adjustment Plans

In response to market conditions, Crompton Greaves Consumer Electricals has announced plans to implement price increases across its induction and electric cooker product lines. The company's decision to raise prices suggests management confidence in sustained demand levels and the brand's market positioning.

Market Position and Consumer Trends

The reported demand surge aligns with broader industry trends favoring electric cooking solutions. Crompton Greaves Consumer Electricals appears well-positioned to capitalize on this market shift, with its induction and electric cooker offerings gaining significant consumer traction.

The company's strategic approach of combining strong demand capture with planned price optimization demonstrates management's focus on balancing market share growth with profitability enhancement in the competitive kitchen appliances segment.