Voltas Limited
Voltas is engaged in the business of air conditioning, refrigeration, electro - mechanical projects as an EPC contractor both in domestic and international geographies (Middle East and Singapore) and engineering product services for mining, water management and treatment, construction equipments and textile industry.
What Voltas files
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Voltas greenlit a 50:50 JV with Atomberg Innovation for local AC compressor production. This strategic move aims to build indigenous technology, boost localization, and fortify the supply chain. Voltas will have three of five directors on the JV board.
Voltas achieved a major milestone, selling 1 million ACs in FY 26-27 in record time. This reinforces its dominant market leadership, driven by strong consumer demand, product innovation, and expanded distribution, signaling accelerating growth.
Voltas executed agreements to transfer ongoing and Defects Liability Period projects from its UAE branches to wholly-owned subsidiary UMCL. Sale consideration will be a lumpsum amount based on independent valuation, subject to conditions.
Voltas has confirmed its routine quarterly compliance concerning the management of shareholder securities. The company's Registrar, MUFG Intime India, certified that procedures for dematerializing shares were properly executed and reported to stock exchanges and depositories. This ensures robust data integrity and efficient handling of investor holdings, which is crucial for...
Voltas has received a Show Cause Notice alleging wrongful input tax credit claims and non-payment of GST amounting to Rs. 31.77 Cr for FY 2018-19 to 2020-21. The company is reviewing the matter and will respond accordingly. No impact on operations has been indicated yet.