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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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