Crompton Greaves to host virtual analyst meeting on Sep 17

scanx
Reviewed by
Naman SScanX News Team
Key Highlights
  • Crompton Greaves hosts virtual analyst meeting on Sep 17
  • Session is a one-to-one interaction with Schonfeld Strategic Advisors
  • Meeting scheduled from 12:00 pm to 1:00 pm IST
  • No unpublished price-sensitive info to be shared
powered bylight_fuzz_icon
50678025

*this image is generated using AI for illustrative purposes only.

Crompton Greaves Consumer Electricals Limited will host a virtual analyst meeting on September 17, 2026. The one-to-one session with Schonfeld Strategic Advisors is scheduled for 12:00 pm to 1:00 pm.

The company disclosed the schedule under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This filing ensures transparency regarding interactions with institutional investors and analysts.

Meeting Details

The interaction will take place in a virtual format. Crompton Greaves noted that the schedule may change due to exigencies on the part of participants or the company.

Date Time Counterparty Mode Type
September 17, 2026 12:00 pm to 1:00 pm Schonfeld Strategic Advisors Virtual One-to-One

Disclosure Statement

Crompton Greaves stated that no unpublished price-sensitive information is proposed to be shared during the meeting. Kaleeswaran Arunachalam, Chief Financial Officer, signed the disclosure document dated September 11, 2026.

Historical Stock Returns for Crompton Greaves

1 Day5 Days1 Month6 Months1 Year5 Years
+0.43%+1.98%-6.69%-5.81%-27.31%0.0%

How might Schonfeld Strategic Advisors' post-meeting recommendations influence institutional capital flows into Crompton Greaves in Q4 2026?

What specific strategic initiatives or financial guidance might management highlight to address current market volatility in the consumer electricals sector?

Could this one-to-one session signal upcoming material developments, such as new product launches or capacity expansions, despite the disclosure of no unpublished price-sensitive information?

Crompton Greaves faces ₹8.37 lakh GST interest demand from tax authority

scanx
Reviewed by
Jubin VScanX News Team
Key Highlights
  • Crompton Greaves faces a ₹8.37 lakh interest demand for delayed GSTR-3B filing in FY18
  • The Deputy Commissioner of Appeals, Chennai, upheld the order citing portal technical errors
  • The demand comprises ₹1.02 lakh CGST interest and ₹7.35 lakh SGST interest
  • The company plans to appeal under Section 112 of the SGST Act, 2017
  • Management states there is no material impact on financials or operations
powered bylight_fuzz_icon
50677922

*this image is generated using AI for illustrative purposes only.

Crompton Greaves Consumer Electricals Ltd received an order on September 9, 2026, from the Deputy Commissioner of Appeals in Chennai upholding a tax interest demand of ₹8,37,680. The demand relates to the financial year 2017-18 and comprises CGST interest of ₹1,02,449 and SGST interest of ₹7,35,231.

The order confirms a previous decision by the Assistant Commissioner (ST) at the Pondy Bazaar Assessment Circle. The demand was raised due to the delayed filing of GSTR-3B returns, despite the company having deposited the tax amount in its Electronic Cash Ledger before the due date. The delay occurred because of technical errors on the GSTN portal.

Company Response

Crompton Greaves stated that it plans to appeal against the order under Section 112 of the SGST Act, 2017. Based on legal advice and the merits of the case, the company expects a favorable outcome from appellate authorities.

Financial Impact

The company disclosed that the potential impact is limited to the interest amount of ₹8,37,680, with no additional tax liability. Management confirmed there is no material impact on the company’s financials, operations, or other activities.

Component Amount (₹)
CGST Interest 1,02,449
SGST Interest 7,35,231
Total Interest Demand 8,37,680
Tax Liability Nil

Historical Stock Returns for Crompton Greaves

1 Day5 Days1 Month6 Months1 Year5 Years
+0.43%+1.98%-6.69%-5.81%-27.31%0.0%

How might this ruling influence other large corporations facing similar GST portal technical glitches in pending appeals?

What are the potential timelines for resolving this appeal under Section 112, and could prolonged litigation affect investor sentiment despite the negligible financial impact?

Are there indications that the GSTN portal is undergoing systemic upgrades to prevent such technical errors from triggering automatic interest demands in the future?

More News on Crompton Greaves

1 Year Returns:-27.31%