Havells India on Wednesday, January 1, informed stock exchanges that it has received an email from the Income Tax Department imposing a penalty of Rs 1.11 crore for Assessment Year 2010–11.
In a regulatory filing under Regulation 30 of SEBI LODR, the company said the communication was received on December 31, 2025, from the Deputy Commissioner of Income Tax, Central Circle-17, Delhi. The penalty has been levied under Section 271(1)(c) of the Income Tax Act, 1961, as per the computation sheet shared by the tax authority .
Havells clarified that the penalty relates to financial year 2009–10 and stated that the matter does not have any material impact on the company’s financials, operations, or other business activities.
The company added that it is consulting with its tax advisors and will file an appeal before the Commissioner of Income Tax (Appeals) against the order.
The disclosure was signed by Sanjay Kumar Gupta, Company Secretary, Havells India, and was shared with both NSE and BSE as part of statutory compliance requirements .
