Havells India Limited has responded to a BSE inquiry regarding significant trading volume movement in its securities. The company issued a formal clarification on January 1st, 2026, addressing concerns raised by the stock exchange about increased trading activity.

BSE Volume Movement Inquiry

BSE Limited contacted Havells India through an official communication citing a notable increase in the trading volume of the company's securities across exchanges in recent periods. The exchange sought clarification from the company regarding this volume movement under its surveillance procedures.

Company's Regulatory Compliance Statement

In its response, Havells India reaffirmed its commitment to regulatory compliance and transparency. The company confirmed its adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Clarifications Provided

The company made several important clarifications in its response to BSE:

• Timely Disclosures: Havells confirmed it has been diligent in making all necessary disclosures to stock exchanges within required timelines
• Material Information: The company stated it promptly informs exchanges about all events and information bearing on its operations and performance
• Price-Sensitive Data: No unpublished price-sensitive information exists that could affect the stock's price or volume behavior
• Regulatory Awareness: The company demonstrated clear understanding of its disclosure obligations under SEBI regulations

Official Response Details

Company Secretary Sanjay Kumar Gupta signed the clarification letter, which was digitally authenticated on January 1st, 2026. The response directly addressed BSE's surveillance inquiry while maintaining the company's position of full regulatory compliance.

The clarification serves to reassure investors and regulators that the increased trading volume is not attributed to any undisclosed material information. Havells India's proactive response demonstrates its commitment to maintaining transparency and adhering to stock exchange regulations.

Havells India Limited has disclosed receiving an income tax penalty of ₹1.10 crores for financial year 2009-10, as communicated to stock exchanges under regulatory compliance requirements. The penalty notice was received via email on December 31, 2025, marking a significant regulatory development for the consumer durables company.

Penalty Details and Authority

The income tax penalty has been imposed by the Deputy Commissioner of Income Tax, Central Circle-17, Delhi. The penalty amount of ₹1,10,61,896 relates to Assessment Year 2010-11, corresponding to financial year 2009-10.

Legal Basis and Violation

The penalty has been imposed under Section 271(1)(c) of the Income Tax Act, 1961. This section typically deals with penalties for concealment of income or furnishing inaccurate particulars of income. The company received the computation sheet detailing the penalty calculation through official email communication from the Income Tax Department.

Company's Response and Impact Assessment

Havells India Limited has assessed that the penalty will have no material impact on its financial position, operations, or other business activities. The company has indicated its intention to challenge the penalty through proper legal channels.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under sub-para 20 of Para A of Part A of Schedule III of the SEBI LODR regulations, ensuring transparency with stakeholders and regulatory authorities.

The company plans to file an appeal before the Commissioner of Income Tax (Appeals) in consultation with its tax advisors, indicating a structured approach to addressing the penalty through established legal procedures.