| Further to the voting results on the merger of, Crompton Greaves Consumer Electricals (Crompton) and Butterfly Gandhimathi Appliances (Butterfly), both the entities will continue to operate as separate individual listed entities. Both Crompton and Butterfly would continue to optimize various revenue and cost synergies by leveraging the distinctive strengths of each company within the kitchen appliances
segment. While the merger will not proceed, there are currently no plans to reinitiate it and thereby Crompton and Butterfly will continue to operate independently, reinforcing their strong market positions
and strategies.
The strategy in kitchen appliances segment will encompass both the 'Crompton' and 'Butterfly' brands, with the expectation of delivering significant growth over the next few years. This initiative offers
shareholders of both companies an opportunity to participate in the long-term growth and value creation.
Under Crompton's 2.0 strategy, the company remains strongly positioned in core categories such as Fans, Residential Pumps, Water Heaters, Air Coolers, and more. This has solidified its position as a market leader,
well-poised to capitalize on future growth opportunities in these segments. |