Greaves Cotton CEO, MD, chairman, board of directors and AGM
NSE: GREAVESCOTBSE: 501455Industrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹192.08.
- Next results date: the board meets on 29 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹4,275 Cr867th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 4 Aug 2026
- 42.8
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹39 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 30.8
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 6 May 2026
- 3.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.09%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 4 Aug 2026
- 7.0%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹39 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 9.8%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 4 Aug 2026
- 7.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 6 May 2026
- 0.22
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 10,23,26842.2% delivered
Greaves Cotton board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonKaran Thapar
- Managing director and CEOParag Parshuram Satpute
- Company Secretary and Compliance OfficerMr. Atindra Basu
7 directors5 independent1 executive1 non-executive
- Karan Thapar · ChairpersonNon-executive · joined Sep 1991 · reappointed Jul 2025 · 1 listed board · 1 committee seat
- Parag Parshuram Satpute · Managing director and CEOExecutive · joined Apr 2025 · 1 listed board · 2 committee seats
- Ravi Moti KirpalaniIndependent · joined May 2022 · reappointed May 2022 · 49 months as independent · 2 listed boards · 2 as independent · 6 committee seats, 2 as chair
- Raja VenkataramanIndependent · joined Feb 2023 · reappointed Feb 2023 · 40 months as independent · 2 listed boards · 2 as independent · 6 committee seats, 4 as chair
- Mangalath Sukumarapanicker UnnikrishnanIndependent · joined Apr 2024 · reappointed Apr 2024 · 27 months as independent · 4 listed boards · 3 as independent · 3 committee seats
- Kavita NairIndependent · joined Jan 2025 · reappointed Jan 2025 · 17 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 3 as chair
- Jehangir ArdeshirIndependent · joined Aug 2025 · reappointed Aug 2025 · 11 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 2 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
4 directors who left
- Firdose Vandrevala, left 14 Oct 2025: Others
- Nagesh Basavanhalli, left 30 Apr 2025: Others
- Arup Basu, left 14 Apr 2025: Others
- Sree K Patel, left 13 Feb 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 6 May 20266 of 7 present4 independent · 53 days in between
- 13 Mar 20267 of 7 present5 independent
Audit Committee
Chair Raja Venkataraman
Kavita Nair, Jehangir Ardeshir
- 5 May 20262 of 3 present2 independent · 52 days in between
- 13 Mar 20263 of 3 present3 independent
Nomination and remuneration committee
Chair Ravi Moti Kirpalani
Karan Thapar, Mangalath Sukumarapanicker Unnikrishnan
- 5 May 20263 of 3 present2 independent · 52 days in between
- 13 Mar 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair Kavita Nair
Ravi Moti Kirpalani, Parag Parshuram Satpute
- 5 May 20263 of 3 present2 independent · 89 days in between
- 4 Feb 20263 of 3 present2 independent
Risk Management Committee
Chair Karan Thapar
Raja Venkataraman, Ravi Moti Kirpalani
- 5 May 20263 of 3 present1 independent · 182 days in between
- 3 Nov 20253 of 3 present1 independent
Corporate Social Responsibility Committee
Chair Kavita Nair
Parag Parshuram Satpute, Jehangir Ardeshir
- 5 May 20262 of 3 present1 independent · 89 days in between
- 4 Feb 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Price Waterhouse Chartered Accountants LLPPeer-review certificate valid to Nov 2026
1 earlier auditor
- M/s. Deloitte Haskins & Sells LLP, Chartered AccountantsNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Greaves Cotton AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Greaves Cotton dividend history
Annual general meeting, 4 Aug 2026
3,40,053 shareholders on the register on 28 Jul 2026; present: 1 promoter and 149 others; votes counted by Sunny Gogiya / SGGS & Associates.The company's voting result (opens in a new tab)
- Adoption of Financial Statements and Reports thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.53%
Turnout: all 56.93% · promoters 100.00% · institutions 15.65% · other public 0.22%
- Declaration of DividendOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.86%
Turnout: all 56.96% · promoters 100.00% · institutions 16.06% · other public 0.22%
- Appointment of a Director in place of the one retiring by rotationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.64%
Turnout: all 56.93% · promoters 100.00% · institutions 15.71% · other public 0.22%
- Ratification of the remuneration of Cost Auditors of the CompanyOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.64%
Turnout: all 56.93% · promoters 100.00% · institutions 15.71% · other public 0.22%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 11 Oct 2025, 1 resolution
3,07,769 shareholders on the register on 5 Sep 2025; votes counted by Sunny Gogiya / SGGS & Associates.The company's voting result (opens in a new tab)
- Appointment of Mr. Jehangir Ardeshir (DIN: 02344835) as an Independent Director of the CompanySpecial99.98% for0.02% against
Against: promoters 0.00% · institutions 0.15% · other public 2.70%
Turnout: all 58.23% · promoters 100.00% · institutions 29.58% · other public 0.95%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Jul 2025, 6 resolutions
3,12,908 shareholders on the register on 23 Jul 2025; present: 1 promoter and 122 others; votes counted by Sunny Gogiya / SGGS & Associates.The company's voting result (opens in a new tab)
- Adoption of Financial Statements and Reports thereonOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.70%
Turnout: all 57.98% · promoters 100.00% · institutions 32.26% · other public 0.43%
- Declaration of DividendOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.70%
Turnout: all 57.98% · promoters 100.00% · institutions 32.33% · other public 0.43%
- Appointment of a Director in place of the one retiring by rotationOrdinary99.82% for0.18% against
Against: promoters 0.00% · institutions 4.92% · other public 3.27%
Turnout: all 57.98% · promoters 100.00% · institutions 32.33% · other public 0.43%
- To appoint Price Waterhouse Chartered Accountants LLP as Statutory Auditor of the CompanyOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 3.05%
Turnout: all 57.98% · promoters 100.00% · institutions 32.33% · other public 0.43%
- Ratification of the remuneration of Cost Auditors of the CompanyOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 3.14%
Turnout: all 57.98% · promoters 100.00% · institutions 32.33% · other public 0.43%
- To appoint Purwa & Purwa Associates LLP as Secretarial Auditors of the CompanyOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 2.97%
Turnout: all 57.98% · promoters 100.00% · institutions 32.33% · other public 0.43%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 4 Jul 2025, 1 resolution
3,04,675 shareholders on the register on 30 May 2025; votes counted by Sunny Gogiya / SGGS & Associates.The company's voting result (opens in a new tab)
- Appointment of Mr. Parag Satpute (DIN: 06872200) as Managing Director & Group Chief Executive Officer of the CompanyOrdinary98.60% for1.40% against
Against: promoters 0.00% · institutions 45.28% · other public 1.30%
Turnout: all 58.31% · promoters 100.00% · institutions 29.40% · other public 1.88%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 23 Mar 2025, 2 resolutions
3,08,970 shareholders on the register on 14 Feb 2025; votes counted by Sunny Gogiya / SGGS & Associates.The company's voting result (opens in a new tab)
- Appointment of Mrs. Kavita Nair (DIN: 07771200) as an Independent DirectorSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.99%
Turnout: all 57.95% · promoters 100.00% · institutions 20.59% · other public 2.12%
To approve the potential dilution of the Company’s Shareholding in Greaves Electric Mobility Limited (“GEML”), a material subsidiary of the Company, to less than or equal to 50% (fifty percent), through participation in the offer for sale or otherwise in the proposed Initial Public Offering of equity shares of face value ₹1 of GEML (the “GEML Equity Shares”, and such offering, the “Offer”) under regulation 24(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”) as an enabling resolutionMoreLess
Special99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.97%
Turnout: all 57.95% · promoters 100.00% · institutions 20.59% · other public 2.12%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 8 Feb 2025, 1 resolution
2,99,262 shareholders on the register on 3 Jan 2025; votes counted by Sunny Gogiya / SGGS & Associates.The company's voting result (opens in a new tab)
- To Approve the Greaves Cotton Employee Stock Option Plan 2024 ("ESOP 2024" or "the New Scheme")Special98.35% for1.65% against
Against: promoters 0.00% · institutions 85.08% · other public 8.72%
Turnout: all 57.15% · promoters 100.00% · institutions 21.34% · other public 0.45%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 8 Aug 2024, 4 resolutions
Present: 1 promoter and 126 others.The company's voting result (opens in a new tab)
- Adoption of Financial Statements and Reports thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 58.00% · promoters 100.00% · institutions 21.98% · other public 2.54%
- Declaration of DividendOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.09%
Turnout: all 58.00% · promoters 100.00% · institutions 21.98% · other public 2.54%
- Appointment of a Director in place of the one retiring by rotationOrdinary99.85% for0.15% against
Against: promoters 0.00% · institutions 7.75% · other public 0.07%
Turnout: all 58.00% · promoters 100.00% · institutions 21.98% · other public 2.54%
- Ratification of the remuneration of Cost AuditorsOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.10%
Turnout: all 58.00% · promoters 100.00% · institutions 21.98% · other public 2.54%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 26 Jun 2024, 1 resolution
The company's voting result (opens in a new tab)
- Appointment of Mr. Mangalath Unnikrishnan (DIN: 01460245) as annIndependent DirectorSpecial99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 2.30%
Turnout: all 58.33% · promoters 100.00% · institutions 27.91% · other public 1.87%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 4 Aug 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
- Adoption of Financial Statements and Reports thereon1 for0 against
- Declaration of Dividend1 for0 against
- Appointment of a Director in place of the one retiring by rotation1 for0 against
- Ratification of the remuneration of Cost Auditors of the Company1 for0 against
Mutual fund votes, meeting of 11 Oct 2025, 7 fund houses
- Appointment of Mr. Jehangir Ardeshir (DIN: 02344835) as an Independent Director of the Company7 for0 against
6 earlier meetings
Mutual fund votes, meeting of 30 Jul 2025, 7 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Financial Statements and Reports thereon7 for0 against
- Declaration of Dividend7 for0 against
- Appointment of a Director in place of the one retiring by rotation6 for0 against
- To appoint Price Waterhouse Chartered Accountants LLP as Statutory Auditor of the Company7 for0 against
- Ratification of the remuneration of Cost Auditors of the Company7 for0 against
- To appoint Purwa & Purwa Associates LLP as Secretarial Auditors of the Company7 for0 against
1 proposal not matched to one resolution
- Reappoint Karan Thapar (DIN: 00004264) as Non – Executive Non – Independent Director, liable to retire by rotation1 for0 against
Mutual fund votes, meeting of 4 Jul 2025, 7 fund houses
- Appointment of Mr. Parag Satpute (DIN: 06872200) as Managing Director & Group Chief Executive Officer of the Company7 for0 against
Mutual fund votes, meeting of 23 Mar 2025, 6 fund houses
- Appointment of Mrs. Kavita Nair (DIN: 07771200) as an Independent Director6 for0 against
To approve the potential dilution of the Company’s Shareholding in Greaves Electric Mobility Limited (“GEML”), a material subsidiary of the Company, to less than or equal to 50% (fifty percent), through participation in the offer for sale or otherwise in the proposed Initial Public Offering of equity shares of face value ₹1 of GEML (the “GEML Equity Shares”, and such offering, the “Offer”) under regulation 24(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”) as an enabling resolutionMoreLess
6 for0 against
Mutual fund votes, meeting of 8 Feb 2025, 6 fund houses
- To Approve the Greaves Cotton Employee Stock Option Plan 2024 ("ESOP 2024" or "the New Scheme")
Against Bandhan Mutual Fund, Groww Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Sundaram Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with SEBI (SBEB & SE) Regulations: Non-Disclosure of Exercise Price/ Pricing Mechanism. Governance Concern: NRC discretion for Accelerated Vesting.
- Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
- Sundaram Mutual FundUnder the ESOP 2024, the exercise price is at the discretion of the Nomination and Remuneration Committee (NRC) with vesting period ranging between one year and ten years from the date of grant. The vesting criteria could either be time-based and/or performance-based (of the company and/or the employee) or a mix of both, as determined by the NRC. The exercise price is at the discretion of the NRC and could be as low as the face value of the shares. We do not favour ESOP schemes where options are granted at a discount of more than 20% to the market price or where there is no clarity on the performance metrics for vesting. ESOPs are ‘pay at risk’ options that employees accept at the time of grant, which is protected if the ESOPs are issued at significant discount to the market price. Such practices do not align the interests of investors and employees. Given the lack of clarity on exercise price and vesting criteria we are unable to support the resolution.
1 for5 against
Mutual fund votes, meeting of 8 Aug 2024, 6 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Financial Statements and Reports thereon6 for0 against
- Declaration of Dividend5 for0 against
- Appointment of a Director in place of the one retiring by rotation
Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
- Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merit per se of the proposed appointee. Governance Concern: Proposed director is part of the board and NRC, which is non-compliant u/s 152 of the Companies Act, 2013.
0 for3 against - Ratification of the remuneration of Cost Auditors5 for0 against
4 proposals not matched to one resolution
- Item 2, as a fund house numbered it1 for0 against
- Item 3, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it1 for0 against
- Reappoint Karan Thapar (DIN: 00004264) as Non – Executive Non – Independent Director, liable to retire by rotation2 for0 against
Mutual fund votes, meeting of 26 Jun 2024, 3 fund houses
- Appointment of Mr. Mangalath Unnikrishnan (DIN: 01460245) as annIndependent Director3 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeJoint Commissioner of State Tax (Appeals), BandraSince 30 Jun 2022As of the quarter ended 30 June 2026, there has been no change in status since the last disclosure.
At the filing before: Last Disclosure: As of the quarter ended 31 March 2026, there has been no change in status since the last disclosure. Status: Ongoing Tribunal: Maharashtra Sales Tax Tribunal, Mumbai. Brief details of dispute: Pending declaration forms and mismatch in vendors supply and receiver’s receipt. The matter pertains to AY 2013-14 Demand: INR 0.28 croreMoreLess
- Tax disputeDeputy Commissioner of State Tax (LTU), MazgaonSince 13 Jun 2019As of the quarter ended 30 June 2026, there has been no change in status since the last disclosure.
At the filing before: Last Disclosure: As of the quarter ended 31 March 2026, there has been no change in status since the last disclosure. Status: Ongoing Tribunal/Authority: Joint Commissioner of State Tax (Appeal), Bandra Brief Details of dispute:Pending declaration forms and mismatch in vendors supply and receiver’s receipt. The matter pertains to AY 2014-15MoreLess
- Tax disputeDeputy Commissioner of State Tax (LTU), MazgaonSince 8 Mar 2021As of the quarter ended 30 June 2026, there has been no change in status since the last disclosure.
At the filing before: Last Disclosure: As of the quarter ended 31 March 2026, there has been no change in status since the last disclosure. Status: Ongoing Tribunal/Authority: Joint Commissioner of State Tax (Appeal), Bandra Brief Details of dispute: Pending declaration forms and mismatch in vendors supply and receiver’s receipt. The matter pertains to AY 2016-17MoreLess
- Tax disputeDeputy Commissioner of State Tax (LTU), MazgaonSince 7 Sep 2021As of the quarter ended 30 June 2026, there has been no change in status since the last disclosure.
At the filing before: Last Disclosure: As of the quarter ended 31 March 2026, there has been no change in status since the last disclosure. Status: Ongoing Tribunal/Authority: Joint Commissioner of State Tax (Appeal), Bandra Brief Details of dispute: Pending declaration forms, mismatch in vendors supply and receiver’s receipt & Transactional credit. The matter pertains to AY 2017-18MoreLess
- Tax disputeCommissioner of Central Excise, AurangabadSince 27 Dec 2017As of the quarter ended 30 June 2026, there has been no change in status since the last disclosure.
At the filing before: Last Disclosure: As of the quarter ended 31 March 2026, there has been no change in status since the last disclosure. Status: Appeal filed before Customs, Excise and Service Tax Appellate Tribunal Mumbai Brief Details of dispute: Denial of concessional rate of duty on Power Driven Pump for the period from April 2012 to December 2016MoreLess
- Tax disputeCommissioner of Customs - Chennai II - CC SEA CH – IISince 23 Dec 2022As of the quarter ended 30 June 2026, there has been no change in status since the last disclosure. (Awaiting for the Personal Hearing date from Tribunal)
At the filing before: Last Disclosure: As of the quarter ended 31 March 2026, there has been no change in status since the last disclosure. Status and Brief details: Appeal preferred by Greaves Electric Mobility Limited (material subsidiary) before Commissioner of Customs Tribunal, Chennai, Tamil Nadu, against the alleged assessment order pertaining to an alleged wrongful classification of Parts/components of E-scooter and alleged wrongful availment of benefit of Notification Sl. No. 532 of notification no. 50/2017.MoreLess
- Tax disputeCommissioner of Customs, Chennai II (Import)Since 27 Jan 2024GEML received favourable order from the CESTAT Chennai. The order clarifies the GEML is not required to pay any demand or Interest or Penalty. So NIL demand Order received from CESTAT
At the filing before: Last Disclosure: As of the quarter ended 31 March 2026, there has been no change in status since the last disclosure. Status: Greaves Electric Mobility Limited ("GEML") has filed an appeal against the Order before the Customs, Excise and Service Tax Appellate Tribunal, Chennai, Tamil Nadu. Brief details: A show cause notice dated March 17, 2023 (“SCN”) was issued to GEML and others by Office of the Commissioner of Customs – Import Commissionerate, on account of alleged mis-declaration of description of goods. GEML responded to the SCN on September 25, 2023. Pursuant to an order dated January 27, 2024 (“Order”), the Commissioner of Customs, Chennai –import of Completely Knocked Down (CKD) kits and demanded differential duty of 56.44 crores, a redemption fine of INR 16 crores in lieu of confiscation and a penalty of INR 56.44 crores.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.