Crompton Greaves Consumer Electricals Limited — Important, 06-02-2025: Updates

The company has received a demand order of ₹98,272 (Tax: ₹30,472, Interest: ₹37,328, Penalty: ₹30,472) from the Commissioner (Appeals), Indore, related to GST for the period from July 2017 to March 2018. Crompton Greaves plans to appeal this order, confident of a favorable outcome based on legal merits and consultant advice. The potential financial impact of this demand is to be closely monitored, however, the management's strategy to contest the order indicates proactive risk management and a focus on protecting its financial interests. Investors should watch this situation closely as it unfolds.