Crompton Greaves Consumer Electricals Limited — Others, 16-03-2025: Action(s) taken or orders passed

Crompton Greaves Consumer Electricals Limited has announced a board meeting to discuss the appeal against a confirmed tax demand of ₹5.72 crore and ₹3.82 crore for the financial years 2014-15 and 2015-16, respectively. The company aims to challenge the order from the Vasai-Virar Municipal Corporation, citing the need for legal recourse and a reasonable expectation of a favorable outcome. This situation could create potential financial liabilities, impacting investor sentiment, though the forthcoming appeal could provide a pathway for resolution and a positive outlook if successful.