LG Electronics India Ltd. Receives Mega Expansion Eligibility Certificate from Government of Maharashtra

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, LG Electronics India Ltd. has received an eligibility certificate for mega expansion under the electronics policy 2016 from the Government of Maharashtra, Directorate of Industries. The approval is for an investment of INR 705.74 Crores for the period 01 November, 2017 to 30 October, 2024 under the Mega category. This approval entitles the company to receive incentives in the form of SGST refund, electricity duty exemption, stamp duty exemption, refund of employee’s contribution to EPF, power tariff subsidy and exemption from payment of property tax. The incentive amount of INR 705.74 Crores is valid for the period 01 May, 2025 to 30 April, 2040, subject to an overall annual limit of INR 47.04 Crores.