Butterfly Gandhimathi Appliances Limited has announced the resignation of Mr. Shantanu Khosla from its Board of Directors, effective December 31, 2025. The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director Resignation Details

Mr. Shantanu Khosla, who served as Non-Executive, Non-Independent Director with DIN 00059877, submitted his resignation on December 09, 2025. His departure is directly linked to the conclusion of his tenure on the Board of Crompton Greaves Consumer Electricals Limited, the holding company of Butterfly Gandhimathi Appliances.

Background and Reasons

Khosla was appointed as the authorized representative of Crompton Greaves Consumer Electricals Limited on the Board of Butterfly Gandhimathi Appliances. His tenure on Crompton's Board concluded on December 31, 2025, necessitating his resignation from the subsidiary's Board as well.

The company has confirmed that there are no material reasons for the resignation other than the end of his tenure at the holding company. In his resignation letter, Khosla expressed gratitude to the Board of Directors and Management for their support during his tenure.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read along with sub-para 7C of Para A of Part A of Schedule III of SEBI LODR. The company provided the complete resignation letter from Mr. Khosla as part of its disclosure to the stock exchanges.

Company Information

Butterfly Gandhimathi Appliances Limited operates in the consumer durables sector and is listed on both BSE and NSE. The company maintains its registered office in Kelambakkam, Tamil Nadu, and corporate office in Navalur, with Jayant Barde serving as Company Secretary and Compliance Officer.

Butterfly Gandhimathi Appliances Limited has disclosed receiving a GST demand order from tax authorities in Vijayawada, Andhra Pradesh. The company informed stock exchanges about this development under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

GST Demand Details

The Deputy Commissioner (ST) Special Circle-VJA2, Vijayawada has imposed a total demand of ₹9.21 lakh on the company for the period April 2021 to March 2022. The demand was raised under section 73 of the GST Act, 2017.

Nature of Violation

The GST demand has been raised on account of alleged disallowance of GST on credit notes issued to customers. The company received the order on December 30, 2025, at 19:18 hours. This represents a compliance matter related to the company's GST credit note practices during the specified financial year.

Company's Response Strategy

Based on the merits of the matter, prevailing law, and advice from consultants, Butterfly Gandhimathi Appliances is planning to appeal against this order before the Commissioner (Appeals). The company has expressed confidence in receiving favorable orders from the appellant authorities.

Financial Impact Assessment

Despite the ₹9.21 lakh demand, the company has stated that there is no material impact on its financial, operations, or other activities. This suggests that the amount, while significant in absolute terms, does not pose a substantial threat to the company's overall business operations or financial stability.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI LODR regulations. The company also referenced SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, demonstrating adherence to current regulatory disclosure requirements. Company Secretary & Compliance Officer Jayant Barde signed the disclosure document on December 31, 2025.