Crompton Greaves Consumer Electricals Ltd
Intimation of Order passed
REGULATORY
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 23 Jul 2026, 06:08 PM IST · BSE ID: 9ad73a9b-2dea-4a7b-8e75-3b4cce1e2c86
View Original BSE Filing (PDF)
💡
In Simple Terms
The tax authority partially accepted the company's appeal on a previous tax demand for the 2019-20 financial year.
🤖 AI Summary
- Company received a partially allowed tax appeal order from Joint Commissioner of State Tax.
- Order pertains to a demand raised for financial year 2019-20.
- Potential financial impact is ₹5,78,84,851 including tax, interest, and penalty.
- Company states there is no material impact on financials or operations.
- Further appeal is planned against this order.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Potential impact of tax demand
₹5,78,84,851
Tax component of potential impact
₹2,80,31,405
Interest component of potential impact
₹2,70,50,306
Penalty component of potential impact
₹28,03,141
🏢 How This Affects the Company
The company has disclosed a potential financial impact of ₹5,78,84,851, comprising tax, interest, and penalty. However, it states there is no material impact on its overall financials.
The company states there is no material impact on its operations.
The company is proceeding with a further appeal, indicating ongoing management of tax-related compliance risks.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders at this time.
👤
Who Is Affected
All shareholders are indirectly affected by potential tax liabilities, but the company indicates no material impact on current financials.
🔍
Management Signal
Management is actively managing tax disputes and indicates confidence in resolving the matter favorably through further appeals.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Outcome of the further appeal planned by the company.
Future tax assessments for subsequent financial years.
Any updates on the resolution of tax-related matters.
MEDIUM RISK
Ongoing tax appeals with a significant potential financial exposure.
💡 Investor Takeaway
Crompton Greaves Consumer Electricals Ltd's appeal on a ₹5,78,84,851 tax demand was partially allowed, but the company plans further appeal, stating no material financial impact.
⚖️ Strengths & Concerns
✅ Positives
- Company proactively pursues appeals, demonstrating commitment to managing compliance and potential liabilities.
- Management states no material impact on financials or operations despite the potential tax demand.
⚠️ Concerns
- Potential financial exposure of ₹5,78,84,851 related to Input Tax Credit disallowance and other tax adjustments.
- The need for further appeals indicates unresolved tax disputes stemming from FY 2019-20.
📅 Company Track Record
This follows previous disclosures regarding tax assessments and appeals for the financial year 2019-20, including an initial demand order from the Deputy Commissioner of State Tax.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the potential financial impact of the tax order on Crompton Greaves?
The potential financial impact is ₹5,78,84,851, including tax of ₹2,80,31,405, interest of ₹2,70,50,306, and penalty of ₹28,03,141.
Which authority passed the appeal order for Crompton Greaves?
The appeal order was passed by the Joint Commissioner of State Tax (Appeal–IV), Mumbai.
What was the original demand order for Crompton Greaves?
The original demand order for the financial year 2019-20 was passed by the Deputy Commissioner of State Tax, Mumbai.
Does Crompton Greaves consider this tax order material?
No, the company states that there is no material impact on the financials, operations, or other activities of the company.
What is Crompton Greaves' next step regarding the tax order?
The company is planning to appeal against this order in line with Section 112 of the SGST Act, 2017.
Questions based on this BSE filing only. For information purposes.