HPL Electric & Power Limited has successfully settled long-standing disputes with Havells India Limited, as announced on November 8, 2025. This agreement concludes various litigations concerning the use of the trademark "HAVELLS," which had been the subject of ongoing legal battles in both the Hon’ble High Court of Delhi and the Supreme Court of India. The disputes were referred to mediation by the Delhi High Court, ultimately leading to this resolution between the HPL Group and the Havells Group, which includes Havells Electronics Pvt Ltd and several key individuals.

The signing of the Settlement Agreement marks a significant milestone for both companies, providing clarity and paving the way for future business interactions. With the legal issues now resolved, HPL Electric & Power is expected to focus on its growth strategies without the burden of ongoing litigation. This development not only reflects positively on the corporate governance of both entities but also enhances their reputations in the market. Investors and stakeholders can look forward to potential stability and growth as the companies move forward from this protracted legal conflict.