Havells India Limited has announced a key senior management appointment, naming Manjit Singh Sethi as President-Cables effective December 15, 2025. The company informed stock exchanges about this strategic appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The appointment represents a significant addition to Havells' leadership team in the cables division. The following table summarizes the key appointment details:

Professional Background and Experience

Manjit Singh Sethi brings extensive industry expertise to his new role at Havells. His professional background includes:

• Over 35 years of experience in the electrical industry
• Senior leadership roles at ABB India (now Hitachi Energy)
• Leadership positions at KEC International
• Experience in leading large transformer and cable businesses
• Track record of delivering profitable growth
• Achievement of renewable EPC growth ambitions

Educational Qualifications

Sethi's educational credentials demonstrate strong technical and management foundations:

Regulatory Compliance

The appointment was disclosed in accordance with regulatory requirements. Havells fulfilled its obligations under Regulation 30 and sub-para 7 of Para A of Part A of Schedule III of the SEBI LODR regulations. The company confirmed that disclosure of relationships between directors was not applicable for this senior management appointment.

This strategic appointment strengthens Havells' cables division leadership as the company continues to expand its presence in the electrical equipment sector. Sethi's extensive experience in transformer and cable businesses, combined with his proven track record in delivering growth, positions him well to drive the cables division's objectives.

Morgan Stanley has reaffirmed its Equal-weight rating on Havells India Ltd. , maintaining a price target of ₹1,660.00. The rating indicates the investment bank's neutral outlook on the consumer durables company's stock performance.

Analyst Rating Details

The Equal-weight rating suggests that Morgan Stanley views Havells India as fairly valued at current market levels. This rating typically indicates that the stock is expected to perform in line with the broader market or sector average.

Company Profile

Havells India Ltd. operates in the consumer durables sector and is classified as a large-cap stock. The company has established itself as a significant player in the electrical equipment and home appliances market, with a substantial market capitalization reflecting its strong market position.

The maintenance of the Equal-weight rating by Morgan Stanley indicates continued analyst confidence in the company's fundamental business model while suggesting that the stock is appropriately priced relative to its current market valuation and growth prospects.