Havells India , a prominent player in the electrical equipment sector, has made a strategic move towards sustainable energy by acquiring a 26% stake in Kundan Solar (Pali) Private Limited. This investment, approved by Havells' Executive Committee, marks a significant step in the company's efforts to reduce its dependence on fossil fuels and embrace green energy solutions.

Key Details of the Acquisition

Strategic Implications

The investment in Kundan Solar, a Special Purpose Vehicle (SPV) established for developing and operating solar power plants, aligns with Havells' strategy to transition towards greener energy sources. This move is expected to yield significant benefits:

1. Cost Savings: The solar power plant is projected to reduce power costs at Havells' plants in Rajasthan.
2. Regulatory Compliance: The 26% stake acquisition allows Havells to qualify as a captive consumer under Electricity Laws.
3. Long-term Sustainability: The 25-year Power Purchase Agreement ensures a stable, long-term green energy supply.

Financial Context

While Havells makes this strategic investment, it's worth noting the company's recent financial performance:

All figures in INR crores

The company's growing asset base and strengthening capital position suggest that this investment in renewable energy aligns with its overall growth strategy and financial capacity.

Conclusion

Havells India's investment in Kundan Solar represents a strategic pivot towards sustainable energy solutions. This move not only promises operational cost savings but also positions Havells as a forward-thinking company committed to reducing its carbon footprint. As the renewable energy sector continues to grow, such investments could become increasingly valuable, potentially offering both environmental and financial benefits in the long run.

Havells India Limited , a prominent player in the electrical equipment sector, has successfully concluded a long-standing trademark dispute with the HPL Group. The settlement, which was executed on November 8, 2025, marks the end of multiple legal battles and sets a clear path for the future use of the 'HAVELLS' trademark.

Key Points of the Settlement

• Agreement not to use or challenge the mark
• Change of corporate names |

Settlement Details

The settlement agreement, signed between Havells India Limited and the HPL Group along with its promoters, resolves all pending disputes and litigations related to the use of the 'HAVELLS' trademark. These disputes had been ongoing in various courts, including the Delhi High Court and the Supreme Court of India.

Mediation and Resolution

The Delhi High Court had referred these disputes to mediation, which ultimately led to the successful settlement. As part of the agreement, the HPL Group has acknowledged Havells India Limited and its promoters' absolute rights to the 'HAVELLS' mark since 1971. This recognition puts to rest any ambiguity regarding the ownership and usage rights of the trademark.

HPL Group's Commitments

The HPL Group has made several significant commitments as part of the settlement:

1. Waived any claims to the 'HAVELLS' trademark
2. Undertaken not to use or challenge the mark in any form
3. Agreed to change the corporate names of its entities, Havell's Private Limited and Havells Electronics Private Limited, to names that do not contain 'HAVELLS'

Financial Terms

As a one-time, full and final settlement, Havells India Limited will pay Rs. 129.60 crores to the HPL Group. This payment resolves all financial aspects of the dispute and concludes the matter comprehensively.

Market Implications

The resolution of this trademark dispute is likely to be viewed positively by the market. It provides clarity on the ownership and usage rights of the 'HAVELLS' brand, which is crucial for Havells India Limited's brand identity and market position. The settlement also eliminates the uncertainty and potential risks associated with ongoing legal disputes, which can be beneficial for investor confidence.

Conclusion

This settlement marks a significant milestone for Havells India Limited, reinforcing its brand ownership and potentially strengthening its market position. The resolution of the trademark dispute allows the company to move forward without the burden of legal uncertainties, focusing on its core business operations and growth strategies.