Crompton Greaves Consumer Electricals Limited , a prominent player in the Indian consumer electricals sector, has recently secured a significant contract worth ₹445.04 crore from the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP). This development marks a substantial step forward in the company's renewable energy initiatives and its commitment to social welfare projects.

Contract Details

The contract involves the installation of solar systems for 38,699 Scheduled Caste (SC) and Scheduled Tribe (ST) users in Andhra Pradesh. Here's a breakdown of the key aspects of the project:

Project Significance

This contract is part of the PM-Surya Ghar Muft Bijli Yojna, a government initiative aimed at promoting solar energy adoption among underprivileged communities. By focusing on SC & ST consumers, the project aligns with both environmental sustainability goals and social welfare objectives.

Company's Disclosure

In compliance with regulatory requirements, Crompton Greaves Consumer Electricals Limited has made a formal disclosure to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that this contract does not fall under related party transactions and that there is no interest from the promoter or promoter group in the awarding entity.

Market Implications

This substantial contract may have positive implications for Crompton Greaves' financial performance in the coming quarters. It not only strengthens the company's position in the renewable energy sector but also demonstrates its capability to undertake large-scale government projects.

As the renewable energy sector continues to grow in India, contracts of this nature could become increasingly significant for companies in the electrical and power systems space. Investors and market watchers will be keen to see how efficiently Crompton Greaves executes this project and whether it leads to similar opportunities in the future.

The successful implementation of this project could potentially open doors for more such contracts, contributing to the company's growth trajectory and its role in India's transition towards cleaner energy sources.

Crompton Greaves Consumer Electricals Limited (CGCEL) has announced the results of its recent postal ballot, revealing strong shareholder support for the appointment of Mr. Sundaram Damodarannair as a Non-Executive Non-Independent Director.

Voting Results

The postal ballot, which concluded on October 19, 2025, saw significant participation from shareholders. Here's a breakdown of the voting results:

Key Highlights

• The resolution to appoint Mr. Sundaram Damodarannair (DIN: 00016304) as a Non-Executive Non-Independent Director was passed as an Ordinary Resolution.
• Out of the total 643,852,913 shares, 502,341,443 votes were polled, representing 78.02% of the outstanding shares.
• An overwhelming majority of 97.79% of the votes cast were in favor of the appointment, with only 2.21% against.
• The voting period ran from September 20, 2025, to October 19, 2025.
• Ms. Alifya Sapatwala (ACS-24091), Partner at M/s. Mehta & Mehta, Practicing Company Secretaries, served as the scrutinizer for the postal ballot process.

Compliance and Transparency

Crompton Greaves Consumer Electricals has complied with the regulatory requirements by submitting the voting results to the stock exchanges in accordance with Regulation 44(3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company has also made the Scrutinizer's report available on its website, www.crompton.co.in , ensuring transparency in the voting process.

The appointment of Mr. Sundaram Damodarannair as a Non-Executive Non-Independent Director marks a significant development in CGCEL's board composition. With strong shareholder support, this appointment may bring new perspectives to the company's leadership team.