LG Electronics India Limited on Monday said it has received an addendum to the eligibility certificate issued by the Government of Maharashtra under the state’s Electronics Policy, enhancing the incentives it is eligible to receive for investments made in the state.
“The Company will avail this incentive in the form of SGST refund, electricity duty exemption, stamp duty exemption, refund of employee’s contribution to EPF, power tariff subsidy and exemption from payment of property tax,” LG Electronics said in its exchange filing.
In a regulatory filing to the National Stock Exchange of India and the BSE Limited, the company said the total incentive entitlement now stands at ₹881.86 crore, an increase of ₹176.12 crore over the ₹705.74 crore disclosed earlier in January.
The incentives relate to investments in fixed assets made between November 1, 2017 and October 30, 2025, at the company’s eligible manufacturing units in Ranjangaon, near Pune. Subject to meeting the prescribed terms and conditions, the incentives will be available in the form of SGST refunds, electricity duty and stamp duty exemptions, refunds of employees’ EPF contributions, power tariff subsidies and property tax exemptions.
The validity period for availing the incentives runs from May 1, 2025, to April 30, 2040. The annual cap has also been revised upward to ₹58.79 crore from the earlier ₹47.04 crore, following the addendum, the company said.
LG Electronics India added that the development was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
