NSE/BSE Codes: NSE Symbol: LGEINDIA, Scrip Code: 544576

Summary of Key Information:

Nature of Event / Disclosure:

Regulatory disclosure regarding receipt of Show Cause Notice from Customs authorities alleging short-payment of customs duty.

Involved Parties / Authorities:

  • Office of Commissioner of Customs (NS-V), Jawaharlal Nehru Customs House, Nhava Sheva, Tal-Uran, District-Raigad, Maharashtra-400707
  • Directorate of Revenue Intelligence (DRI) - investigating authority

Date / Timeline of Event:

  • Show Cause Notice dated: September 22, 2026
  • Date of receipt of communication: September 24, 2026
  • Time of occurrence of event: September 24, 2026 at 1:47 PM (IST)
  • Company intimation date: September 25, 2026

Brief Description of Outcome / Dispute:

The Company has received Show Cause Notice No: 772/2026-27/Commr/NS-V/CAC/JNCH dated September 22, 2026 (DIN No. 20260978NX000083E7CF) pursuant to an investigation by the Directorate of Revenue Intelligence (DRI). The notice alleges non-inclusion of royalty payments in the assessable value of certain imported goods, resulting in consequential short-payment of customs duty.

Impact of Outcome:

Financial Impact:

The Show Cause Notice proposes recovery of Customs duty amounting to Rs. 153,57,67,711/- (One Hundred Fifty Three Crore Fifty Seven Lakh Sixty Seven Thousand Seven Hundred Eleven Rupees). The financial impact, if any, will be determined upon adjudication of the Show Cause Notice.

Operational / Business / Strategic Impact:

No immediate operational or business disruption indicated. The matter relates to historical customs valuation practices for imported goods.

Other Implications:

Potential reputational impact from customs compliance allegations. No penalty or restrictions have been imposed at this stage.

Next Steps / Required Actions:

The Company is currently reviewing the matter and plans to submit a response to the appropriate authorities within the prescribed timeline. The company maintains that it has appropriately paid customs duties fully complying with the Customs Act, 1962 read with relevant Rules.