Crompton Greaves Consumer Electricals Ltd has received a tax demand order of ₹52,35,922 from the Office of the Additional Commissioner of Appeals, State Tax, Chhattisgarh, for the period July 2017 to March 2018. The order upholds a demand raised on account of the disallowance of transitional credit claimed by the company. The company stated that there is no material impact on its financials, operations, or other activities as a result of this order.

The breakdown of the total demand includes a tax component of ₹23,36,265, interest of ₹26,66,030, and a penalty of ₹2,33,627. The order was received by the company on June 24, 2026. The potential impact disclosed by the company totals ₹62,83,208, which includes a revised interest figure of ₹37,13,317 alongside the tax and penalty amounts.

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 has indicated that it plans to appeal against the order. The appeal will be filed in line with the provisions of Section 112 of the SGST Act, 2017. The company, based on the merits of the matter, prevailing law, and advice from consultants, expressed a reasonable expectation of a favourable order from the appellate authorities.

Crompton Greaves Consumer Electricals Ltd has scheduled a series of analyst and institutional investor meetings on June 22, 2026. The company will engage with participants via physical meetings, with no unpublished price sensitive information proposed to be shared during the interactions.

The meetings are being held pursuant to Regulation 30 and Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited on June 15, 2026.

Schedule of Meetings

The following table details the schedule for the upcoming interactions:

The company noted that the schedule may undergo changes due to exigencies on the part of the meeting participants or the company. The disclosure was signed by Kaleeswaran Arunachalam, Chief Financial Officer.