The Joint Commissioner of State Tax (Appeal-IV), Mumbai, has partially allowed a Goods and Services Tax (GST) demand order against Crompton Greaves for the financial year 2019-20. The company received the order on July 23, 2026, at 2:28 PM, following an earlier assessment by the Deputy Commissioner of State Tax, Bandra West 502, Nodal Division – 6, Mumbai, dated August 28, 2024. The potential monetary impact of this partial allowance stands at ₹5,78,84,851, which includes tax, interest, and penalty components. Despite the legal proceeding, management asserts that the matter has no material impact on the company’s financials or operations.

The dispute centers on input tax credit (ITC) disallowances and reverse charge mechanism applications. Specifically, the authorities raised demands due to mismatches with GSTR 2A records. Additionally, tax was imposed under the reverse charge mechanism on extra invoices of service providers that appeared only in GSTR 2A. The order also includes a demand for ITC reversal on exempted supplies, considering the related expenses as common in nature.

Financial Impact Breakdown

The total exposure from the partially allowed order is detailed below:

Crompton Greaves had previously intimated the stock exchanges about the initial assessment order under Section 73 of the SGST Act, 2017, via a filing dated August 29, 2024. The company stated it would file an appeal against that initial order before The Commissioner (Appeals). This latest development represents the appellate authority’s decision on that first appeal.

Legal Strategy and Next Steps

In response to the Joint Commissioner’s order, Crompton Greaves plans to file a further appeal under Section 112 of the SGST Act, 2017. The decision to proceed with this higher-level appeal is based on the merits of the case, prevailing laws, and advice from consultants. The company reasonably expects a favorable outcome from the subsequent appellate authorities.

This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The intimation was signed by Kaleeswaran Arunachalam, Chief Financial Officer, and submitted to both the Bombay Stock Exchange and the National Stock Exchange of India Limited.

Crompton Greaves Consumer Electricals Ltd has appointed Anuj Lall as its Head of Integrated Supply Chain and Ms. Yesha Gandani as Compliance Officer designated as Key Managerial Personnel (KMP), effective July 21, 2026. The Board of Directors approved these appointments based on the recommendations of the Nomination and Remuneration Committee, reinforcing the company's operational and compliance leadership structure.

Leadership Appointments

Anuj Lall joins the company with over 35 years of experience, having previously served as Executive Director and Vice President – Integrated Supply Chain at Whirlpool India. His tenure at Whirlpool and Procter & Gamble involved leading end-to-end manufacturing, quality, logistics, and distribution operations across the Asia-Pacific region. His appointment is aimed at driving business growth, operational excellence, and cost optimization.

Ms. Yesha Gandani, an Associate Member of the Institute of Company Secretaries of India (ACS 63375), has been appointed as Compliance Officer under Regulation 6 of the SEBI Listing Regulations. She brings over five years of experience in corporate laws, SEBI regulations, and corporate governance, having been associated with Crompton since February 2023.

Appointment Details

Strategic Significance

The dual appointments underscore Crompton Greaves' focus on strengthening its supply chain capabilities and ensuring robust corporate governance. Lall's extensive background in managing large-scale supply chain operations complements Gandani's expertise in regulatory compliance and stakeholder management, positioning the company to navigate complex operational and regulatory landscapes effectively.