Havells India Ltd

Meeting Details

• Date and time: 17 August 2026, 10:00 am onwards.
• Type: Group & One-on-One.
• Mode: Physical in Mumbai.
• Event: Motilal Oswal 22nd Annual Global Investor Conference, 2026.

Participants

• Key company participants: not disclosed in the filing.

Purpose

• Purpose: participation in analyst/investor meet at conference.

Additional Notes

• No unpublished price sensitive information is proposed to be shared during the meetings.

Purpose of postal ballot

• Approve two independent director appointments via postal ballot.

Resolutions

• Item 1: Special Resolution to appoint Ashish Dhawan as Independent Director for five years.
• Item 2: Special Resolution to appoint Shanti Ekambaram as Independent Director for five years.

Directors

• Ashish Dhawan: Independent Director; 5-year term; founder/CEO of The Convergence Foundation; former ChrysCapital CEO.
• Shanti Ekambaram: Independent Director; 5-year term; 39 years in financial services; former Deputy MD Kotak.

CSR/Related party notes

• CSR grant to IFRE Rs 250 crore over 10 years; Rs 20 crore disbursed 2024-25 and 2025-26.
• CSR grants to IFRE may become related party transactions; Audit Committee approval required.

E-voting window

• E-voting window: 1 Aug 2026 to 30 Aug 2026.

Outcome timing

• Results to be announced within two working days after e-voting ends.

Governance update

• Appointment of Ashish Dhawan as Independent Director for five years from 19 June 2026.
• Appointment of Shanti Ekambaram as Independent Director for five years from 19 June 2026.
• Postal ballot/e-voting notice to be sent on 31 July 2026; cut-off date 24 July 2026.
• E-voting period from 1 August 2026 to 30 August 2026.
• Appointments approved by Board on recommendation of Nomination and Remuneration Committee.

Meeting Details

• Date and time: 17 July 2026, 4:30 pm IST.
• Event type: earnings call (group conference) to discuss Q1 FY27 results.
• Mode: virtual; audio recording available after call.

Participants

• Key company participant: Company Secretary.

Purpose

• Purpose: discuss Q1 FY27 financial results.

Availability

• Audio recording available on Havells site and under Investors section.

Meeting Details

• Date and time: 17 July 2026 at 4:30 pm IST.
• Type: group conference call; no physical venue.
• Organiser: Havells India Limited earnings call.

Participants

• Key company participants (roles) not disclosed in the filing.

Purpose

• Discuss the first-quarter FY27 results for quarter ended 30 June 2026.

Additional Notes

• Audio recording of the earnings call will be available online in the Investors section.

Business Overview

• Realigned segments: Renewables becomes standalone SBU; Water Purifier and Personal Grooming moved to ECD.
• Renewables includes Solar, Battery Energy Storage, Solar Pumps, EV Chargers.

Operational Highlights

• Net revenue rose 19.7% YoY to Rs 6,510 crore.
• EBITDA Rs 474 crore; margin 7.3%, down from 9.6%.
• Net profit Rs 298 crore; margin 4.6%.
• A&P spend doubled; price hikes offset raw material inflation.
• Renewables revenue up 235.9% YoY to Rs 314 crore.
• Lloyd Consumer revenue Rs 1,460 crore; +15.7% YoY.
• Cables growth remains strong; Switchgears exports disrupted by West Asia.

Financial Performance

• PBT Rs 401 crore; tax Rs 103 crore; net profit Rs 298 crore.
• Total NR 6,510 crore; EBITDA margin 7.3%; PAT margin 4.6%.
• ROE 18.1%; ROCE 23.5%; OPM 7.3%.
• Inventories up; cash and cash equivalents down.

Capital & Liquidity

• End June 2026 cash & equivalents Rs 1,497 crore; down from Rs 2,351 crore.
• Capex for the year Rs 1,400 crore.
• Net cash flow from investing activities Rs -301 crore.
• Net cash flow from financing activities Rs -368 crore.

Strategic Priorities & Outlook

• Renewables established as independent SBU to drive energy transition.
• Renewables expected to contribute 10-12% in steady state.
• Calibrated price hikes and normalising A&P to improve margins.
• Cables capacity expansion and R&D investments to support growth.

Risks & Mitigation

• West Asia conflict disrupted Switchgears exports; pricing offset in place.
• Raw material inflation mitigated by price adjustments.

Governance & Leadership

• Board approved unaudited Q1 FY27 results.