Crompton Greaves Consumer Electricals Ltd

Crompton Greaves Consumer Electricals Ltd has been ordered by the District Consumer Disputes Redressal Commission, Kalahandi, Odisha, to pay ₹10,000 in compensation and ₹5,000 in litigation expenses. The order stems from a consumer complaint regarding a malfunctioning Crompton jet pump. The company stated that this amount, totaling ₹15,000, will not have a material impact on its financials, operations, or other activities.

Crompton Greaves Consumer Electricals Ltd has been directed by the District Consumer Disputes Redressal Commission, Rewari, Haryana, to pay ₹6,600 (60% of product value) and ₹11,000 as compensation, totaling ₹17,600, following a consumer complaint regarding a malfunctioning product. The order was received on May 23, 2026, and the payment is to be made within 30 days. The company states that this has no material impact on its financials or operations.

Crompton Greaves Consumer Electricals Ltd has launched two new products: the EA4090 Stabilizer and 50W Backup LED Lamps, both under the B2C Lighting category for the domestic market. The launches, effective May 20, 2026, are disclosed as a measure of good corporate governance, despite not triggering materiality thresholds.

Crompton Greaves Consumer Electricals Ltd has clarified that it is not engaged in any discussions regarding the acquisition of a majority stake in the company, as reported in media outlets. The company issued this statement in response to news items suggesting potential bidders were in the race to acquire a significant stake.

The Hon'ble High Court of Delhi passed an interim injunction order regarding one model of Crompton Greaves' grace fan, following allegations of similarity in overall visual appearance and essential design features. The order was received on May 14, 2026, at 7:05 pm. Crompton Greaves Consumer Electricals Ltd. states that there is no material impact on the company's financials, operations, or other activities.

Crompton Greaves Consumer Electricals Ltd. announced its FY26 results, with revenue reaching ₹8,096 Cr. The company reported a 9.5% YoY revenue growth in the ECD segment and 14.3% YoY growth in the Lighting segment. The Board has recommended a dividend of ₹3 per share. A one-time non-cash accounting charge of ₹716 Cr was recognized to align the carrying value of Butterfly Gandhimathi Appliances Ltd.

Crompton Greaves Consumer Electricals Ltd is launching a new super-premium brand, 'Crompton Rhion,' to strengthen its presence in the premium segment. The brand will feature a curated range of products across multiple categories, showcasing innovation, advanced technology, and superior design. The Large Kitchen Appliances (LKA) Product Line will be integrated into the Crompton Rhion vertical, aligning with the company’s premiumisation strategy.

Aarushi Agarwal, Head of Large Kitchen Appliances and New Business at Crompton Greaves Consumer Electricals Ltd, has resigned due to personal reasons. The company accepted her resignation, effective from the closure of business hours on July 27, 2026. Crompton Greaves stated that there is no material reason for the resignation.

Crompton Greaves Consumer Electricals Ltd's Board of Directors has recommended a dividend of ₹3 per equity share (150% of face value of ₹2) for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming AGM on August 7, 2026. The record date for determining dividend entitlement is set for Friday, July 24, 2026. The dividend, if approved, will be paid on or after August 7, 2026, but within 30 days of the AGM. The board also approved the re-appointment of Statutory Auditors and other auditors, and amendments to various policies.

Crompton Greaves Consumer Electricals Ltd's Board of Directors, in a meeting held on May 13, 2026, approved the re-appointment of various auditors for the financial year 2026-27. This includes the re-appointment of M/s. Ashwin Solanki & Associates as Cost Auditors, M/s. Grant Thornton Bharat LLP as Internal Auditors, and M/s. Sharp & Tannan as Tax Auditors. The board also approved the re-appointment of M/s. MSKA & Associates LLP as the Statutory Auditors for a second term of 5 years, subject to member approval at the upcoming AGM. Additionally, the board recommended a dividend of ₹3 per equity share for FY26, also subject to member approval.