Crompton Greaves Consumer Electricals Ltd(‘Company’), A Leading Player in the Consumer Durables Player, Today Announced The Successful Repayment of the Final Tranche of Its Non-Convertible Debentures (NCD) With Printing to RS. 300 crs. This millstone marks the full repayment of the total debt of Rs. 2,125 CRS Undertaken for the Acquisition of Butterfly Gandhi Appliances Ltd. (Butterfly), a 75% subsidiary.
The repayment effort has involved settling all five scheduled trains, reinforcing the company’s strategy to minimize debt and thereby significant Reduce Interest Costs. As a result, the company can channel more resources Into Future Growth Initiatives, Innovation, and shareholder returns.
Kaleeswaran Arunachalam, Group Chief Financial Officer and Head of Strategy, Commented, “With the repayment of this final tranche of ncds of Rs. 323 CRS (Principal + Interest), We are please Resilience and effectiveness of our business model and operating strategies, which have generated consistently strong Cash Flows Year after Year. “
He further added, “As we move forward, we will continue to drive sharp capital allocation decisions, ensuring that we invest responsibly in initiatives that foster sustainable Growth. To repay the full debt in a short time frame. Our stakeholders.
This achievement underscores the company’s dedication to financial discipline and efficient management, reinforcing its ability to navigate challenges whillenges with the way for future and prestigable
About Crompton Greaves Consumer Electrical Ltd. (CGCEL)
CGCEL is India’s Market Leader in Fans, No. 1 Player in Residential Pumps and Has Leading Market Positions in its other product categories. The company manufactures and markets a wide spectrum of consumer products – fans, lights, pumps and appliances including kitchen appliances. The company has strong dealer base account the country and wide service network offering robust after salas service to its customers.