Havells India Limited has informed the Exchange about Action(s) taken or orders passed
HAVELLS · price
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Awaiting price reaction for this filing.
Havells India has informed the exchanges that it received an email from the Income Tax Department on 31st December 2025 imposing a penalty of ₹1,10,61,896 (about ₹1.11 crore) under Section 271(1)(c) of the Income Tax Act, 1961. The penalty relates to financial year 2009-10 (assessment year 2010-11). The company has stated there is no material impact on its financials, operations, or other activities. Havells plans to file an appeal before the Commissioner of Income Tax (Appeals) in consultation with its tax advisors.
The penalty amount is small relative to Havells' overall size and the company has clarified there is no material financial impact. Shareholders are unlikely to see a meaningful effect on the stock, though the matter remains pending appeal.