Havells India Limited — Others, 03-04-2025: Action(s) taken or orders passed

Havells India Limited has received an order from the Additional Commissioner of Customs, ICD – Patparganj, requesting the recovery of ₹47.63 lakh (Cr) in customs duty along with applicable interest and penalties associated with prior classifications of imported lighting product components between April 2019 and October 2023. The company plans to appeal the decision based on its merits. However, it notes that this situation is not expected to materially impact its financials or operations. Investors may perceive a neutral impact, with no significant risk to financial stability or operational integrity.