Crompton Greaves Receives Income Tax Appeal Order for AY 2021-22 with INR 10.22 Crore Potential Impact

Crompton Greaves Consumer Electricals Limited has disclosed receiving an income tax order from the Commissioner of Income Tax (Appeals) for Assessment Year 2021-22. The company received the order on March 30, 2026, at 04:07 PM from the National Faceless Appeals Centre, Delhi, in response to an appeal filed against an earlier assessment order.

Income Tax Appeal Details

The order pertains to an appeal filed by the company against an assessment order dated December 20, 2022, which was passed under Section 143(3) of the Income Tax Act, 1961 for AY 2021-22. The CIT(A) order was issued under Section 250 of the Income Tax Act, 1961.

Financial Impact and Demand Breakdown

The income tax order has resulted in a significant financial demand against the company:

Component	Amount (INR)
Tax Demand	9,77,56,823
Interest	45,38,018
Total Potential Impact	10,22,94,841

Reasons for Tax Demand

The demand has been raised on account of three primary disallowances:

Disallowance of provision for warranty and after sales services
Depreciation on intangible assets
Employee Stock Option Plan (ESOP) expenses

Company's Response and Next Steps

Based on the merits of the matter, prevailing law, and advice from consultants, Crompton Greaves is planning to file an appeal against this order. The company has expressed confidence in receiving a favourable order from the appellate authorities.

Impact Assessment

Despite the substantial monetary demand of over INR 10 crore, the company has stated that there is no material impact on its financials, operations, or other activities. This disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has fulfilled its regulatory obligations by providing detailed information about the income tax order to both BSE and NSE, ensuring transparency for investors and stakeholders regarding this development.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.71%	-1.51%	-10.93%	-21.16%	-33.54%	-40.48%

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.

Parameter:	Details
Product Name:	Energion EA4150 AC Stabilizer (150-280V)
Launch Date:	March 27, 2026
Product Category:	B2C Lighting
Target Market:	Domestic
International Presence:	Not Applicable

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.