Havells India Ltd Share Price – NSE  / BSE

Consumer Durables, Mid Cap

Havells India will hold a meeting of the Board of Directors of the Company on 19 January 2026.

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Havells India has fixed 23 January 2026 as record date to determine the entitlement of interim dividend, if any, declared by the board of directors, in its meeting to be held on 19 January 2026.

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Havells India has approved acquiring a stake of 26% in Kundan Solar (Pali), a Special Purpose Vehicle (SPV), established for the business of developing, installing, operating, managing and maintaining solar power plant.

The purpose of this transaction is to strategically reduce dependence on fossil fuel and move towards green energy. Kundan Solar will set up a 15 MWac solar power plant and Havells plan to enter into a long-term Power Purchase Agreement (PPA) up to 25 years. Under the Electricity Laws, Havells is required to hold a minimum of 26% shareholding to qualify as a captive consumer.

The arrangement will result in savings in power cost at plant locations in Rajasthan with payback within ~12-18 months from date of commissioning of the project.

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Havells India announced that a settlement agreement has been signed between the Company viz. Havells India and the HPL Group and its promoters.

This settlement agreement resolves all pending disputes and litigations related to the use of word/ mark 'HAVELLS', including suits filed in various Court(s) including the Delhi High Court and various Special Leave Petitions (SLPs) filed in the Supreme Court. The Hon'ble Delhi High Court had referred these disputes to Mediation, and the settlement was reached and executed yesterday on 8 November 2025.

As part of the settlement, the HPL Group acknowledges Havells India & its promoters' absolute rights to the 'HAVELLS' mark since 1971. HPL Group has waived any claims to the 'HAVELLS' mark and has undertaken not to use or challenge the mark in any form. Additionally, the HPL Group has agreed to change the corporate name of its entities, namely, Havell's Private and Havells Electronics , to names not containing 'HAVELLS.'

As a onetime full and final settlement, Havells India will pay an amount of Rs. 129.60 crore to the HPL Group.

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