Crompton Greaves Consumer Electricals Limited — Important, 18-02-2025: General Updates

Crompton Greaves Consumer Electricals Limited has received tax demands from authorities for the fiscal year April 2020 to March 2021. The Assistant Commissioner in Chennai has imposed a demand of ₹0.67 lakh under the Goods and Service Tax Act. Additionally, the Joint Commissioner in Lucknow has levied a demand totaling ₹57.73 lakh, which includes tax, interest, and a penalty.

The company plans to appeal these orders based on advice from consultants, anticipating favorable outcomes. The potential impact of these demands could affect the company’s cash flow, with total liabilities amounting to ₹58.4 lakh. Investors should watch closely for developments in the appeal process, as the resolution could provide insights into the company’s financial health and operational stability moving forward.