Crompton Greaves Consumer Electricals Limited has strengthened its leadership team with the appointment of Ms. Anita Pansar as Head Innovation & Chief Technology Officer, marking a significant addition to the company's senior management. The appointment, effective January 2, 2026, was approved by the Board of Directors on December 26, 2025.

Board Approval and Regulatory Compliance

The appointment was made following recommendations from the Nomination and Remuneration Committee and in accordance with the company's Nomination and Remuneration Policy. The decision aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper governance protocols.

Professional Background and Qualifications

Ms. Pansar brings exceptional academic credentials and professional expertise to her new role. Her educational background includes Strategy Management from Harvard Business School and Machine Learning from Stanford Online, demonstrating her commitment to cutting-edge business and technology knowledge.

Her technical qualifications encompass:

• M.Tech in Electrical Controls from COEP
• B.E. in Electrical Engineering from Wadia Institute of Engineering Technology, Pune
• Diploma in Electrical Engineering from Government Polytechnic, Pune

All her academic achievements were completed with distinction, reflecting her academic excellence and technical proficiency.

Extensive Industry Experience

Ms. Pansar is recognized as a seasoned global R&D and engineering leader with over 25 years of experience spanning multiple high-technology sectors. Her career trajectory includes senior leadership positions across healthcare, automotive, and industrial sectors at renowned multinational corporations.

Notable Achievements at Philips Healthcare

In her most recent role at Philips Healthcare India, Ms. Pansar demonstrated exceptional leadership capabilities by managing global R&D operations for the DXR (X-Ray) portfolio across Germany, India, and China. Her responsibilities included overseeing a substantial USD 44.00 million development budget, showcasing her ability to manage large-scale, complex technology projects.

Her key accomplishments include:

• Successfully driving product launches across multiple markets
• Strengthening FDA audit readiness protocols
• Shaping digital, cloud, and AI-led technology roadmaps
• Building global capabilities and cross-functional teams
• Leading teams that filed 37 patents, demonstrating innovation excellence

Strategic Impact for Crompton Greaves

The appointment of Ms. Pansar as Chief Technology Officer represents Crompton Greaves Consumer Electricals' commitment to strengthening its innovation capabilities and technology leadership. Her extensive experience in global R&D operations, combined with her expertise in emerging technologies like AI and machine learning, positions the company to enhance its product development and technological advancement initiatives.

Her proven track record in managing substantial development budgets and driving successful product launches across international markets aligns with the company's growth objectives and innovation strategy.

Crompton Greaves Consumer Electricals Ltd has secured a substantial contract from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for solar water pumping systems. The Engineering, Procurement and Construction (EPC) contract is valued at ₹46.20 crore (excluding GST) and carries a completion timeline of 60 days from the date of Notice to Proceed (NTP).

Contract Details

The order encompasses comprehensive EPC services for 2000 solar photovoltaic water pumping systems under the MTSKYP/PM-KUSUM scheme. The contract includes design, manufacture, supply, installation, testing, and commissioning of Solar Photovoltaic Water Pumping Systems (SPWPS) with PV modules at various locations across Maharashtra.

Regulatory Disclosure

The company disclosed this order through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order was received through a letter of empanelment from MSEDCL for EPC contracts across various locations in Maharashtra state.

Strategic Significance

This order reinforces Crompton Greaves Consumer Electricals' position in the renewable energy sector, particularly in solar-powered agricultural solutions. The contract with MSEDCL, a major state electricity distribution company, demonstrates the company's capability to handle large-scale infrastructure projects in the solar energy domain.

The project falls under the PM-KUSUM scheme, which is part of the government's initiative to promote solar energy adoption in the agricultural sector. Solar water pumping systems represent a critical component of sustainable agricultural infrastructure, providing farmers with reliable and cost-effective irrigation solutions.