Crompton Greaves confirms ₹3.33 Cr GST demand for FY 2019-20

Crompton Greaves Consumer Electricals Ltd received an order from the Commissioner (Appeals) confirming a GST demand of ₹3.33 crore for FY 2019-20. The order, received on June 15, 2026, upholds the assessment passed by the Office of the Assistant Commissioner. The company stated that there is no material impact on its financials, operations, or other activities despite the quantified demand.

The regulatory filing detailed the nature of the violations, which include alleged excess Input Tax Credit (ITC) claimed in GSTR 3B compared to GSTR 2A, short payment of tax compared to E-waybill records, and ineligible ITC appearing in Table 8A of GSTR 9. The total demand comprises tax of ₹1.50 crore, interest of ₹1.68 crore, and a penalty of ₹15 lakh under the Goods and Service Tax Act, 2017.

The company had previously intimated the exchanges on August 29, 2024, regarding the initial demand raised by the Principal Commissioner of Central Tax, Hyderabad GST Commissionerate. Following the recent order, crompton greaves plans to file a further appeal before the appellate authorities under Section 112 of the SGST Act, 2017. Management expressed a reasonable expectation of a favourable outcome based on the merits of the matter and prevailing law.

The disclosure was made to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Kaleeswaran Arunachalam, Chief Financial Officer, on June 16, 2026.

Breakdown of GST Demand

Component	Amount (₹)
Tax	1,50,08,177
Interest	1,67,63,928
Penalty	15,00,818
Total	3,32,72,923

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.23%	+5.93%	-8.63%	+9.29%	-20.87%	-34.84%

Crompton Greaves Consumer Electricals Limited has scheduled a non-deal roadshow on June 19, 2026, to engage with institutional investors including SBI Life, ICICI Prudential Mutual Fund, and Tata Mutual Fund. The company will conduct physical meetings between 10:00am and 5:00pm, ensuring no unpublished price sensitive information is shared during the interactions.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The schedule is subject to changes due to exigencies on the part of the meeting participants or the company.

Meeting Schedule

The company has outlined the following schedule for the interactions:

Date	Time	Name	Interaction mode	Meeting type
June 19, 2026	10:00am to 5:00pm	India Non-Deal roadshow with SBI Life, ICICI Prudential Mutual Fund, Tata Mutual Fund, Mirae Mutual Fund, Kotak Mutual Fund, Mahindra Manulife	Physical meeting	Single