HPL Electric & Power Limited and Havells India Limited have reached a settlement in their long-standing trademark dispute, marking a significant development in the Indian electrical equipment industry. The agreement, executed on November 8, 2025, resolves all pending litigations related to the use of the 'HAVELLS' trademark.

Key Points of the Settlement

Parties Involved

• HPL Group: HPL Electric & Power Limited, its promoters, and promoter group companies (Havells Electronics Pvt Ltd., Havell's Private Limited, HPL India Limited)
• Havells Group: Havells India Limited and its promoter entity

Dispute Resolution

The settlement addresses all pending legal actions, including:

• Suits in the Delhi High Court
• Special Leave Petitions (SLPs) in the Supreme Court of India

Mediation Process

The Delhi High Court had referred these disputes to mediation, leading to this settlement.

Impact and Implications

1. Legal Clarity: The agreement brings clarity to the use of the 'HAVELLS' trademark, potentially ending years of legal uncertainty.

2. Business Operations: Both companies can now focus on their core business activities without the distraction of ongoing litigation.

3. Industry Precedent: This settlement may set a precedent for resolving similar trademark disputes in the Indian corporate sector.

Corporate Disclosure

HPL Electric & Power Limited disclosed this development to the stock exchanges on November 9, 2025, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

While the specific terms of the settlement remain undisclosed, this resolution is expected to have positive implications for both companies, allowing them to move forward without the burden of prolonged legal battles. Investors and industry observers will likely watch closely for any impact on the companies' market performance and brand strategies in the coming months.

As this settlement marks the end of a significant corporate dispute, it underscores the importance of intellectual property rights and trademark protection in India's growing electrical equipment sector.

Hindustan Petroleum Corporation Limited (HPCL) expects India's energy demand to rise by 5% if the country achieves its targeted 7% economic growth, according to Chairman and Managing Director Vikas Kaushal. Speaking at the 12th SBI Banking & Economics Conclave, Kaushal shared insights on HPCL's performance and the broader energy landscape.

HPCL's Recent Performance

Kaushal described HPCL's recent quarterly results as 'blockbuster,' highlighting a significant milestone for the company:

• Market Capitalization: Crossed ₹1 lakh crore on October 30

Energy Market Outlook

The HPCL chief provided perspectives on the global and domestic energy scenario:

• Global Crude Oil: Sufficient availability
• Key Challenge: Efficiently matching supply with demand

HPCL's Operational Strengths

Kaushal emphasized HPCL's operational capabilities and compliance measures:

Factors Influencing US Cargo Economics

• Larger shipping capacities
• Lower production costs

The company's ability to process a wide variety of crude oil types and its focus on operational efficiency position it well to navigate the dynamic energy market. As India aims for robust economic growth, HPCL's strategies align with the anticipated increase in energy demand, while maintaining a diversified and compliant sourcing approach.