The Company (Corporate Identification Number U31900MH2015PLC262254) was incorporated as a public limited company on February 25, 2015 with its registered office at 6th Floor, CG House, Dr Annie Besant Road, Worli, Mumbai - 400 030. The Hon'ble High Court of Judicature at Bombay, vide its order dated November 20, 2015 has approved the Scheme of Arrangement between Crompton Greaves Limited and Crompton Greaves Consumer Electricals Limited and their respective shareholders. Pursuant to the Scheme, the Consumer Products Business Undertaking of the Demerged Company is transferred to and vested with the Resulting Company with the appointed date of October 1, 2015 in accordance with Sections 391 to 394 and Sections 100 to 103 of the Companies Act, 1956. The effective date of the Scheme is January 1, 2016.
Scheme of Arrangement ("Scheme") involving demerger of Consumer Products Business of Crompton Greaves Limited ("CGL") into Crompton Greaves Consumer Electricals Limited ("CGCEL").
Consumer Products Business means the entire undertaking of CGL pertaining to its Consumer Products Business and includes all assets (whether moveable or immoveable) and liabilities pertaining to Consumer Products Business.
The proposed Scheme envisages creation of an independent listed company in the business of consumer products by demerger of the Consumer Products Business of CGL into CGCEL.
CGCEL will constitute the Consumer Products Business of CGL and CGL will continue to carry on the Power Business and Industrial Systems Business.
CGCEL would achieve listing and all the existing shareholders of CGL would be allotted shares in CGCEL in the same proportion (share entitlement ratio being 1:1) in which they hold shares in existing CGL.
Post implementation, CGL and CGCEL will be listed on BSE and NSE with mirror shareholding.
The appointed date for the demerger of the Consumer Products Business of the Demerged Company into the Resulting Company means October 1, 2015.
The effective date of the Scheme is January 1, 2016.
2016
- Crompton has launched a range of ceiling fans
- CGCEL bagged the Certificate of Merit
2017
-Crompton Greaves jumps 4% on buzz over Kenstar deal.
2022
-Crompton has acquired 98,33,754 equity shares representing 55.00% of the equity share capital of the Target Company.
-Crompton Greaves Consumer Electricals Limited has informed the Acquisition of controlling stake in Butterfly Gandhimathi Appliances Limited.
2023
-The Company BOD announce Amalgamation of Butterfly Gandhimathi Appliances Limited, withCrompton Greaves Consumer Electricals Limited.
-Crompton honored with Safe-Tech Award 2023 for championing safety awareness at its Baddi Plant"".
2024
-Crompton wins the prestigious National Safety Award 2023 at the 11th Global Safety Summit"".
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