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It was being incorporated as a public limited company as of February 25, 2015, with its registered office at 6th Floor, CG House, Dr. Annie Besant Road, Worli, Mumbai - 400 030. Also, the Hon'ble High Court of Judicature at Bombay, vide its order dated November 20, 2015, also approved the Scheme of Arrangement among Crompton Greaves Limited and Crompton Greaves Consumer Electricals Limited and their respective shareholders. According to the Scheme, and the Consumer Products Business Undertaking of the Demerged Company is being transferred to and vested with the Resulting Company with the appointed date as of October 1, 2015, with sections 391 to 394 and sections 100 to 103 of the Companies Act, 1956. Also, the effective date of the Scheme is January 1, The Scheme of Arrangement (“Scheme”) also involves demerger of Consumer Products Business of Crompton Greaves Limited (or “CGL”) into Crompton Greaves Consumer Electricals Limited. Also, the Consumer Products Business refers to the entire undertaking of CGL about its Consumer Products Business and includes all assets (whether moveable or immoveable) and even the liabilities about Consumer Products Also, the proposed Scheme visualizes the creation of an independent listed company in the business of consumer products by the demerger of the Consumer Products Business of CGL into CGCEL can also constitute the Consumer Products Business of CGL, and it will also continue to carry on the Power Business and Industrial Systems Business. It will also achieve the listing, and all the existing shareholders of CGL will be allotted shares in CGCEL in the same proportion (share entitlement ratio being 1:1) in which they hold shares in current CGL. After the implementation, both CGL and CGCEL will be listed on BSE and NSE with mirror shareholding. Also, the appointed date for the demerger of the Consumer Products Business of the Demerged Company into the Resulting Company could be October 1, 2015. Also, the effective date of the Scheme was on January 1, 2016.
  • 2016:
  • The Company also launched a range of ceiling fans.
  • Also, CGCEL bagged the Certificate of Merit.

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