HPL Electric & Power Limited has successfully settled disputes with Havells India Limited, marking a significant resolution of ongoing litigation that has been pending for some time. The Settlement Agreement, finalized on November 8, 2025, involves the HPL Group, including its promoters and Havells Group. This agreement addresses all disputes related to the use of the word "HAVELLS," which have included legal actions in the Hon’ble High Court of Delhi and Special Leave Petitions in the Hon’ble Supreme Court of India.

The resolution of these disputes not only ends a prolonged legal battle but also paves the way for HPL Electric to continue its operations without the looming threat of litigation. The mediation process, initiated by the Delhi High Court, proved effective in facilitating this agreement, allowing both parties to move forward amicably. As HPL Electric communicates this development to the stock exchanges, stakeholders can anticipate a more stable business environment for the company going forward.