Crompton Greaves Consumer Electricals Limited has announced the launch of a new product in its electrical appliances portfolio. The company disclosed the launch of the Energion EA4150 AC Stabilizer on March 27, 2026, as part of its regulatory compliance under SEBI listing requirements.

Product Launch Details

The newly launched product represents an addition to the company's B2C Lighting category. The Energion EA4150 AC Stabilizer is designed to operate within a voltage range of 150-280V, catering specifically to domestic market requirements.

Regulatory Compliance

The product launch disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement follows the requirements outlined in Para B of Part A of Schedule III of the SEBI LODR regulations, ensuring transparency in corporate communications.

The company specifically noted that this product launch has not triggered the threshold of materiality as defined under regulatory guidelines. However, Crompton Greaves chose to disclose the information as part of its commitment to good corporate governance practices.

Market Focus

The Energion EA4150 AC Stabilizer is exclusively targeted at the domestic market, with no immediate international launch plans disclosed. This strategic focus aligns with the company's approach to strengthen its position in the Indian consumer electricals segment.

The disclosure was communicated to both BSE Limited and National Stock Exchange of India Limited on March 27, 2026, maintaining the company's commitment to timely and transparent investor communication.

Crompton Greaves Consumer Electricals Limited has disclosed receiving an income tax demand notice totaling ₹42,60,90,820 for Assessment Year 2024-25. The company received the notice on March 27, 2026, at 08:42 AM from the Assessment Unit, Income Tax Department, Mumbai, under section 156 of the Income Tax Act 1961.

Tax Demand Breakdown

The total demand comprises two components as detailed by the company in its regulatory filing:

Reasons for Tax Demand

The Income Tax Department has raised the demand on account of several disallowances:

• Disallowance of Employee Stock Option Plan (ESOP) expenses
• Disallowance of claim of provisions against warranty and after sale service expenses
• Disallowance of depreciation on Intangible Assets
• Disallowance of payment to non-filers of Income tax Return

Company's Response and Next Steps

Based on the company's assessment, prevailing law, and consultant advice, Crompton Greaves Consumer Electricals reasonably expects a favourable outcome at the appellate level. The company has announced its intention to file an appeal before the National Faceless Appeal Centre (NFAC) within the timeline prescribed under section 249 of the Income Tax Act.

Financial Impact Assessment

The company has clarified that despite the substantial demand amount, there is no material impact expected on the financials, operations, or other activities of the company. This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders regarding significant regulatory developments.