Crompton Greaves Consumer Electricals Limited has received a significant GST demand order from tax authorities, requiring disclosure under regulatory obligations. The company received the order on March 23, 2026, from the Assistance Commissioner of Central Tax, Vijayawada, CGST divisional office, Andhra Pradesh.

GST Demand Details

The demand order imposes a total liability of INR 4,50,41,295 for the period from April 2019 to March 2020. The demand has been raised under section 74 of the GST Act, 2017, alleging excess Input Tax Credit (ITC) claimed in GSTR 3B as compared to GSTR 2A during the specified period.

Company's Response Strategy

Based on the merits of the matter, prevailing law, and advice from consultants, Crompton Greaves Consumer Electricals plans to challenge this order. The company intends to file an appeal before the Commissioner (Appeals) and reasonably expects favorable orders from the appellant authorities.

Regulatory Compliance and Impact Assessment

The company has made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order was issued by Pakalapati Mariyadas, Assistance Commissioner, Vijayawada, Guntur, Vishakapatnam Amaravathi, and was received on March 23, 2026, at 10:47 AM.

Financial and Operational Impact

While the potential financial impact stands at INR 4,50,41,295, the company has stated that there is no material impact on the financials, operations, or other activities of the company. This disclosure was made in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring transparency with stakeholders regarding regulatory developments.

Crompton Greaves Consumer Electricals Limited has achieved ISO 9001:2015 certification for its Secretarial Function, marking a significant milestone in the company's commitment to quality management and corporate governance excellence.

Certification Details

The certification was granted by Bureau Veritas - UKAS Management Systems, a globally recognized certification body. This achievement validates the company's dedication to maintaining international standards in its secretarial operations and governance framework.

Recognition of Quality Management Systems

The ISO 9001:2015 certification has been awarded in recognition of several key organizational strengths:

• Robust quality management systems and governance frameworks
• Standardized processes across secretarial operations
• Continuous improvement practices and methodologies
• Commitment to operational excellence

This certification specifically acknowledges the effectiveness of the company's secretarial function in maintaining high standards of corporate governance and compliance management.

Corporate Governance Commitment

The achievement reinforces Crompton Greaves Consumer Electricals Limited's dedication to maintaining exemplary standards across multiple operational areas. The certification serves as external validation of the company's internal processes and quality management systems.

The company emphasized that this certification reaffirms its commitment to maintaining high standards of corporate governance, compliance, and operational excellence across all business functions.

Regulatory Disclosure

Crompton Greaves Consumer Electricals Limited clarified that this intimation does not fall under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made voluntarily as part of the company's adoption of good corporate governance practices, demonstrating transparency in sharing positive organizational developments with stakeholders.