Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 and Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI LODR Regulations") kindly note that the Executive Committee of Directors of the Company at its meeting held today, approved the sale of upto 10,72,775 equity shares of face value of Rs. 10/- each of Butterfly Gandhimathi Appliances Limited, a material subsidiary of the Company, representing upto 6 % of its total issued and paid-up equity share capital through an offer for sale through stock exchange mechanism, in accordance with the applicable laws, towards compliance with the requirement of minimum public shareholding requirements in terms of Rule 19A of the Securities Contracts (Regulation) Rules, 1957, as amended, read with Regulation 38 of the SEBI Listing Regulations.
We request you to kindly take the same on record, upload the same on your respective websites and the same be treated as compliance under the applicable regulations of the SEBI LODR Regulations.
Thanking you,
For Crompton Greaves Consumer Electricals Limited
SHANTANU MAHARAJ KHOSLA
Digitally signed by SHANTANU MAHARAJ KHOSLA DN: c=IN, o=PERSONAL, 2.5.4.20=cc298f36da748f724a834bc410e46fb7ad31ba3f1 d696a0aad6f2d4e1eab7d78, postalCode=400030, st=MAHARASHTRA, serialNumber=c74ddf8b3c9398f6504706937e2371e1552 0a64e779957d7d083cc3ba795784b, cn=SHANTANU
MAHARAJ KHOSLA
Date: 2022.09.19 16:02:39 +05'30'
Shantanu Khosla Managing Director
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Crompton Greaves Consumer Electricals Ltd. published this content on 19 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 September 2022 11:29:02 UTC.
Crompton Greaves Consumer Electricals Limited is an India-based consumer electrical company. The Company operates through two segments: Electric Consumer Durables (ECD) and Lighting. It manufactures and distributes a range of consumer products ranging from fans, pumps, and appliances in the ECD segment and a full range of lighting products. Its product portfolio includes ceiling fans, table fans, pedestal fans, wall-mounted fans, heavy-duty exhaust fans, air circulators, industrial fans, residential pumps, agricultural pumps, solar pumps, specialty pumps, water heaters, air coolers, mixer grinders, irons, light-emitting diode (LED) lamps, LED battens, LED panels, LED streetlights and floodlights, incandescent lamps, compact fluorescent lamps, interior and indoor lighting, and fluorescent tubular lights. The Company markets its products under the Crompton brand name in India. The Company' manufacturing locations include Goa, Vadodara, Ahmednagar and Baddi.