NSEGeneral Updates3d ago · 6 Nov 2026, 12:14 pm

General Updates

Havells India Limited · HAVELLS

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Havells India Limited has received a Letter of Comfort from the Government of Uttar Pradesh for fiscal incentives under the Uttar Pradesh Global Capability Centres Policy 2024 for its proposed Centre of Excellence (R&D centre) in Noida, Uttar Pradesh, with a proposed investment of Rs 879 Crores over the next few years.

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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Havells India Limited has informed the Exchange about General Updates

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HAVELLS1_06112026121359_signed_Intimation_Reg30_CRI_06112026.pdf

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6th November 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: - Intimation under Regulation 30 Dear Sir, In terms of Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), read with the applicable circulars and notifications issued thereunder, we wish to inform the Stock Exchanges that the Company viz. Havells India Limited has received a Letter of Comfort (LoC) dated 5th November 2026 from Invest UP, Government of Uttar Pradesh for fiscal incentives under Uttar Pradesh Global Capability Centres Policy 2024 (GCC-2024 policy) for the Company’s proposed Centre of Excellence (R&D centre). The project is part of Havells strategy to further strengthen its research and development capabilities. The details are as under: Category of project Advance GCC Location Sector 161, Noida, Gautam Buddha Nagar, Uttar Pradesh Service domain Centre of Excellence (R&D Centre) Proposed Investment Rs 879 Crores over next few years  25% of eligible capital investment, subject to maximum ceiling of Rs 25 crores per annum, in 7 equal annual instalments after commencement of Incentives as per the policy commercial operations  Other OPEX, payroll, EPF, fresher recruitment, internship, skill development related subsidy, reimbursements and incentives The above-mentioned incentives are subject to fulfilment of the conditions of the GCC-2024 policy and will be determined on the basis of actual verified investment, expenditure and employment at the time of each claim. This is for your information and records. Thanking you. Yours faithfully, for Havells India Limited (Sanjay Kumar Gupta) Company Secretary