Crompton Greaves Consumer Electricals Limited has informed the Exchange about Action(s) initiated or orders passed
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Crompton Greaves Consumer Electricals Limited has disclosed an order passed by the District Consumer Disputes Redressal Commission, Rewari, Haryana. The order relates to a consumer complaint about a product not functioning properly. The company has been directed to pay 60% of the product value (₹6,600) within 30 days from receipt of the order, plus an additional ₹11,000 towards compensation, totaling ₹17,600. The order was received on May 23, 2026. The company has stated that there is no material impact on its financials, operations, or other activities due to this order.
This is a minor consumer dispute with a small monetary award of ₹17,600 and is unlikely to have any significant impact on the company's stock or shareholder value. It represents routine business risk for a consumer electricals company.