Crompton Greaves Consumer Electricals Limited — Important, 03-04-2025: General Updates

Crompton Greaves Consumer Electricals Limited has announced a board meeting to discuss an appeal against a recent tax order. The company has received an order from the Joint Commissioner of State Tax confirming a demand of approximately ₹34.77 lakh under the GST Act for the 2018-19 financial year. This follows a disallowance of input tax credit and other issues. Crompton plans to appeal before the GST Appellate Tribunal, anticipating a favorable outcome. Investors should note the potential financial impact of ₹35.44 lakh, which could pose a risk but also presents an opportunity for clarity and resolution.