Action(s) initiated or orders passed

Schneider Electric Infrastructure Limited has received an adjudication order from the GST authorities for financial year 2022-23, involving total tax demands including an IGST demand of INR 2.38 Cr for export of services, INR 1.06 Cr for ineligible input tax credit, along with smaller demands for SEZ supplies and credit notes, plus a penalty of INR 0.35 Cr and applicable interest.

The company is currently evaluating the order to pursue appropriate legal remedies.

Management has clarified that this development has no material impact on routine business operations, restricting potential financial exposure strictly to the stated liabilities.