Corporate Governance Rating revised by CARE from CG2+ to CG1.

HAVELLS GROUP 1st September 2026 The National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th Floor Phiroze Jeejeebhoy Towers Plot No. C/1, G Block Dalal Street Bandra Kurla Complex Mumbai- 400 001 Bandra (E) Mumbai- 400 051 Scrip Code : 517354 NSE Symbol : HAVELLS Sub: Corporate Governance Rating Dear Sir, In terms of Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with corresponding circulars and notifications issued thereunder, it is hereby informed that CARE Analytics and Advisory Private Limited (“CAAPL”) has assigned the following rating to the overall performance of Corporate Governance of the Company:- Particulars Rating Corporate Governance Rating ‘CG 1’ (CG One) The Grading Report issued by CAAPL is enclosed herewith. The rating is assigned on a six-point scale with CG 1 being the highest. Thanking you. Yours faithfully, for Havells India Limited (Sanjay Kumar Gupta) Company Secretary Enck: As above HAVELLS INDIA LTD. Corporate Office: QRG Towers, 2D, Sector 126, Expressway, Naida -201304, U.P (INDIA). Tel: +91-120-3331000, Fax: +91-120-3332000, E-mail:marketing@havells.com,www.havells.com Registered Office: 904, 9th Floor, Surya Kiran Building, K.G. Marg, Connaught Place, New Delhi -110001. (INDIA) For CARE 360, Call us: for Havells: 08045771313, for Lloyd: 08045775666. GIN: L31900DL 1983PLC016304 M HAVELLS I LLO~!:) I HAVELLS erabtree I S STANDARD I R£ A subs1d~ry of CARE R<'ltings Lid. Report Title - Techno economic viability study of a greenfield capacity of 5 MLPD ethanol plant> > for Client name> > << Month & Year> > Submitted by CARE Advisory Research and Training Ltd Havells India Limited Corporate Governance Grading Report September 2026 Havells India - Corporate Governance Grading Report Havells India Limited Corporate Governance (CG) Grading Date of Incorporation August 8, 1983 CG Grading Chairman and Managing Scale Mr. Anil Rai Gupta Director & CEO CG 1 Geographical Area of Present in 70+ countries and 17 CG 2 Operation manufacturing facilities in Uttarakhand, Himachal Pradesh, Uttar Pradesh, CG 3 Rajasthan, Andhra Pradesh and CG 4 Karnataka. CG 5 CG 6 CARE Analytics and Advisory Private Limited (CAAPL) has assigned grading of ‘CG 1’ (CG one) to Havells India Limited. Grading is assigned on a six-point scale with CG 1 being the highest and CG 6 being the lowest. CAAPL’s CG grading is a measure of overall performance of the corporate governance on the following broad range of parameters. The CG rating is valid for a term period of one year from the date of issuance. The detailed Corporate Governance Grading information is given in Annexure-1 of this report. Havells India - Corporate Governance Grading Report KEY D RIVERS STRONG CSR & ESG ENHANCED BOARD MANAGEMENT EFFECTIVE BOARD COMMITTEE DIVERSITY ACCOUNTABILITY FUNCTIONING EFFECTIVENESS Two Women Directors CSR & ESG Committee Stronger accountability Consistent and effective on the Board, reflecting discussions extending through the integration Board functioning enhanced gender beyond routine matters of financial and non- through strong diversity beyond to cover key ESG issues, financial KPIs into Committee structures, regulatory emerging ESG performance-linked Independent Director- requirements developments and the remuneration of senior led Committees, Company’s strategic management dedicated meetings of ESG initiatives Independent Directors, collaborative leadership and direct engagement with downstream teams Havells India - Corporate Governance Grading Report INTRODUCTION This report presents the approach and key findings of the Corporate Governance assessment, based on discussions with the Board and Company Heads, along with a review of relevant publicly available disclosures and corporate documents. The assessment evaluates the Company’s governance practices, policies, processes and oversight mechanisms. CORPORATE GOVERNANCE METHODOLOGY Review of documentation and verification of relevant High-level review of publicly Engagement with the Company compliance requirements, available information and key Department Heads policies, systems, controls and processes Consolidation into the final CG Interaction with Havells' Internal review of the Report and sharing with the Independent Director assessment Company Havells India - Corporate Governance Grading Report ASSESSMENT CRITERIA Board Composition & Organization Shareholder Functioning Structure & MIS Relationship This theme captures the This theme captures the This theme captures the qualifications and structure of the company's internal control company’s governance of Board of Directors, emphasizing systems, internal audit functions stakeholder engagement, their role in overseeing the & checks, as well as the including the oversight of company's strategy, management, organizational risk framework shareholder mapping, feedback and performance. It also considers and risk management practices. mechanisms and grievance the board meetings, attendance, It also considers the company's redressal procedures. diversity, matters discussed at the hierarchical structure, Board level, committee meeting Management Information agendas and the criteria for re- Systems (MIS) and succession appointments. planning. Statutory & Ownership Disclosure & Financial Regulatory Structure Transparency Prudence Compliance This theme captures the This theme captures the This theme captures the This theme captures the company’s ownership company's commitment company's financial company's thorough structure, protection of to providing relevant, stability, emphasizing adherence to policies, shareholders’ rights and accurate and timely sound stewardship of procedures, laws, and equitable treatment of financial and non- assets, operational regulations. shareholders. financial disclosures, effectiveness and ensuring shareholders accurate reporting. and other stakeholders receive a transparent view of material events. Havells India - Corporate Governance Grading Report PROFILE OF THE ORGANIZATION Havells India Limited (HIL) (CIN No. L31900DL1983PLC016304) is one of India’s leading Fast Moving Electrical & Electronic Durables (FMED) companies, manufacturing a wide range of electrical products for residential, commercial, and industrial use. Founded by Late Mr. Qimat Rai Gupta, the Company has evolved into a diversified electrical and consumer durables enterprise with a strong domestic and international presence. Chairman and Managing Mr. Anil Rai Gupta Director & CEO Date of Incorporation August 8, 1983 Geographical Presence 70+ countries 17 manufacturing facilities across 8 locations in India and 4 Research Centres as of Manufacturing Footprint 31st March 2026 Workforce Strength 7,161 employees as of 31st March 2026 Corporate Address QRG Towers, 2D, Sector – 126, Expressway, Noida – 201304 The Company operates across six broad business segments - Switchgears (11.5% of revenue in FY26, PY: 11%), Cables (38.6% of revenue in FY26, PY: 33%), Lighting & Fixtures (7.4% of revenue in FY26, PY: 7.6%), Electrical Consumer Durables (17.2% of revenue in FY26, PY: 18.5%), Lloyd Consumer (17.6% of revenue in FY26, PY: 23.6%), and Others (7.7% of revenue in FY26, PY: 6.3%). Its brand portfolio includes the flagship “Havells” brand along with Havells Studio, Lloyd, Havells Crabtree, Standard Electricals and REO. Havells manufactures 90% of its finished products in-house, supported by its integrated manufacturing network across eight locations in India. Its manufacturing facilities are spread across Alwar, Neemrana, Ghiloth (Rajasthan); Baddi (Himachal Pradesh); Haridwar (Uttarakhand); Sahibabad (Uttar Pradesh); Sri City (Andhra Pradesh); and Tumakuru (Karnataka). Havells India - Corporate Governance Grading Report PROFILE OF THE BOARD MEMBERS As on 31st March 2026 Name Brief Profile Designation Mr. Anil Rai Gupta was inducted on the Board of Havells India Limited in Chairman [Showing first 8,000 characters — download PDF for full document]