Crompton Greaves Consumer Electricals Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
CROMPTON · price
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Crompton Greaves Consumer Electricals reported its Q1 FY26 results on August 7, 2025. Consolidated revenue from operations fell to ₹1,998.34 crores from ₹2,137.69 crores a year earlier, a decline of about 6.5%. Net profit dropped to ₹123.90 crores from ₹152.35 crores, down roughly 18.7%, with EPS at ₹1.90 versus ₹2.36. Standalone numbers showed a similar trend, with revenue at ₹1,818.71 crores and net profit at ₹125.15 crores. The company also announced an amendment to the Object Clause of its MoA to expand into new product lines including kitchen appliances, wearables, smart devices, and renewable energy products such as solar power systems and EPC services. A postal ballot will be conducted to seek shareholder approval for this change. Additionally, the company repaid ₹300 crores of secured non-convertible debentures on July 22, 2025, and allotted 43,750 shares under its ESOP scheme during the quarter.
Weak quarterly performance with both revenue and profits declining year-on-year may weigh on short-term sentiment, but the proposed MoA amendment signals the company's intent to diversify beyond core consumer durables into solar energy and connected devices, which could support long-term growth. Shareholders will get a chance to vote on the expansion through a postal ballot.