Crompton Greaves challenges INR 1.5 lakh tax demand from Kerala authorities

Crompton Greaves Consumer Electricals Limited announced on December 12, 2025, that it has received an order from the Office of the Superintendent, Ernakulam Division, Kerala. The order imposes a demand of INR 1,50,512, comprising INR 78,770 in tax, INR 51,742 in interest, and INR 20,000 in penalty, relating to the period of April 2021 to March 2022.

The order, received on December 11, 2025, cites alleged short liability paid under reverse charge, as per section 73 of the GST Act, 2017. The company intends to appeal this order before the Commissioner (Appeals), based on the merits of the case, prevailing law, and consultant's advice, and anticipates a favorable outcome.

The potential financial impact on the company is estimated at INR 1,50,512. This disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.