LG Electronics India Ltd

LG Electronics India has been recognized with two prestigious awards at the 25th Asia Pacific HRM Congress Awards 2026. The company was named "Top Organisation with Innovative HR Practices" for its contributions in leadership development, organizational capability, workplace culture, employee experience, and talent development. Additionally, Mr. Jwa Nam Kim, Chief Human Resources Officer (CHO) of LG Electronics India, received the "Most Impactful HR Leader Award" for his leadership in HR transformation and driving business growth through people. These accolades highlight LG India's commitment to a people-first, future-ready organization and align with its "Make in India" strategic vision.

LG Electronics India Ltd has announced its entry into the Indian chest freezer market with the launch of a new Convertible Chest Freezer range. This expansion of their refrigeration portfolio caters to evolving business needs across retail, HoReCa, dairy, ice cream, pharmaceutical, and food storage sectors, as well as home consumption. The new range features convertible cooling and freezing capabilities with a wide temperature range of -31°C to +10°C, Ultra Freeze for rapid cooling, and energy-efficient performance with select models achieving a 5-star BEE rating. The portfolio includes six models across 102L, 205L, 315L, and 530L capacities, designed for durability and efficient operation in demanding commercial environments.

LG Electronics India Limited has announced a change in its Senior Management Personnel (SMP). Mr. Yoojae Kim, who held the position of Media Solution Information Display (MS ID) B2B Biz Department Leader, has ceased to be an SMP of the company. This change is effective from August 12, 2026, as Mr. Kim has been relocated back to Korea. The company has provided the necessary disclosures as per SEBI regulations, noting that the delay in disclosure was unintentional.

LG Electronics India Limited (LGEIL) has received significant recognition, winning 10 awards at the DIGIT India's Top Appliance Awards 2026. These awards celebrate excellence in home appliance innovation across various categories including TV, Refrigerator, Residential Air Conditioner, Washing Machine, Microwaves, Dishwasher, and Air Purifier. The awards are based on a rigorous, data-driven evaluation mechanism involving extensive laboratory testing by DIGIT India, a reputable technology media brand. The ceremony was attended by notable dignitaries, including Union Minister of State for Science & Technology, Dr. Jitendra Singh. LG's winning products were recognized for their advanced features, energy efficiency, and suitability for Indian consumers.

LG Electronics India Ltd (LGE India) announced its strongest quarterly growth since listing, with Q1 FY27 revenue soaring 15.5% year-on-year to ₹72.33 billion. Profit after tax (PAT) surged 27.2% to ₹6.53 billion, outpacing revenue growth. This performance was driven by double-digit growth across all categories, particularly in televisions and washing machines, with strong summer demand boosting air conditioners and refrigerators. The Home Entertainment segment saw a 22.3% revenue increase, while Home Appliances & Air Solution grew by 13.6%. The company highlighted its three-pillar strategy and expansion in B2B and export markets, expressing confidence in exceeding FY27 targets.

LG Electronics India Ltd announced its un-audited financial results for the quarter ended June 30, 2026. The results were approved by the Board of Directors at a meeting held on August 13, 2026. The financial statements have undergone a limited review by the statutory auditors, Price Waterhouse Chartered Accountants LLP. The report confirms that based on the review, nothing has come to their attention to suggest material misstatements in the financial statements prepared in accordance with applicable accounting standards.

LG Electronics India Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the results, which have been reviewed by the statutory auditors. The company reported its financial performance for the period, with figures for revenue, other income, costs, and profit before tax being declared. The results also include details on other comprehensive income and comprehensive income for the period. Basic and diluted Earnings Per Share (EPS) for the quarter were also disclosed. The filing also provided segment-wise revenue and results for the Home Appliances and Air Solution division and the Home Entertainment division.

LG Electronics India Ltd has announced that its Board of Directors will convene on August 13, 2026. The primary agenda item for this meeting is to consider and approve the company's Unaudited Financial Results for the quarter ended June 30, 2026. In line with SEBI regulations, the trading window for designated persons and their relatives, which was closed from July 1, 2026, will remain shut until 48 hours after the financial results are declared. This announcement follows an earlier intimation regarding the closure of the trading window.

LG Electronics India Ltd has received a favorable order from the Income Tax Appellate Tribunal (ITAT) concerning income tax matters for financial years 2014-15, 2016-17, 2017-18, 2019-20, and 2021-22. The ITAT has completely deleted all additions related to Transfer Pricing and Corporate Income Tax, amounting to approximately ₹1,305 Crores. These deletions were based on an Advance Pricing Agreement (APA) for Transfer Pricing and previous ITAT orders for Corporate Tax. The company anticipates no adverse financial or operational impact, though the Income Tax Department may appeal the Corporate Tax decision.

LG Electronics India Ltd has voluntarily published its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. Although not mandatory for the company in its first year of listing (FY 2025-26), LG Electronics India has committed to transparency and good corporate governance by preparing the report. The report details the company's corporate identity, registered and corporate addresses, financial year of reporting, stock exchange listings, paid-up capital, and contact person for queries. It also outlines the business activities, which include manufacturing and trading of home appliances and consumer electronics, accounting for 89% and 11% of turnover respectively. The company serves a broad customer base across consumer, commercial, and institutional segments, with exports contributing 5.65% to its total turnover. The BRSR is prepared on a standalone basis.