Havells India Assigned Highest Corporate Governance Rating 'CG 1' by CARE Analytics

Havells India Limited has been assigned the highest corporate governance rating of ‘CG 1’ by CARE Analytics and Advisory Private Limited (CAAPL). This rating signifies that the company has adopted corporate governance practices that provide stakeholders with the highest level of comfort.

The rating is valid for a period of one year from the date of issuance. CAAPL's CG grading is a measure of overall corporate governance performance based on several parameters, including Board Composition and Functioning, Organization Structure & MIS, Shareholder Relationship, Disclosure & Transparency, Financial Prudence, and Statutory & Regulatory Compliance.

The report highlights Havells' strong Board functioning, with consistent attendance, well-structured agendas, and detailed minutes. The Board comprises a diverse mix of expertise, and the company has integrated ESG-linked KPIs into senior management compensation. Havells also maintains robust operational and internal control mechanisms, a debt-free financial position with a healthy Return on Equity (ROE) of 19.15%, and transparent disclosures aligned with IR, BRSR, and GRI frameworks. The company demonstrates consistent compliance with applicable laws and regulatory requirements.