Date: 6th November 2026
Regulatory Disclosure
Havells India Limited has submitted a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing about receipt of a Letter of Comfort from the Government of Uttar Pradesh.
Strategic Actions / Expansion
The Company 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).
Project Details:
- Category: Advance GCC
- Location: Sector 161, Noida, Gautam Buddha Nagar, Uttar Pradesh
- Service Domain: Centre of Excellence (R&D Centre)
- Proposed Investment: ₹879 Crores over next few years
Incentives as per Policy:
- 25% of eligible capital investment, subject to maximum ceiling of ₹25 crores per annum
- Incentives payable in 7 equal annual instalments after commencement of commercial operations
- Other OPEX, payroll, EPF, fresher recruitment, internship, skill development related subsidy, reimbursements and incentives
Conditions:
The 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.
Strategic Context:
The project is part of Havells strategy to further strengthen its research and development capabilities.
Not Specified Sections
No material disclosures under the following sections: Financial Results, Dividend Declaration, KMP/Board Changes, Auditor's Report, Fundraising, M&A Activities.