Disclosure under Regulation 30 of SEBI Listing Regulations
Schneider Electric Infrastructure Limited has filed a regulatory disclosure regarding an update on a GST matter. This communication is in furtherance to previous intimations filed by the Company on December 5, 2025 (letter no. SEIL/Sec./SE/2025-26/65) regarding Order-In-Appeal No. VAD-CGST-001-APP-JC-559-2025-26 from the Joint Commissioner CGST Appeals, Vadodara.
Nature of the Update
The Company has now received a Rectification Order along with Form GST APL–04 from the Joint Commissioner, Division-I Vadodara, Vadodara-I, CBIC. This rectification order has significantly reduced the penalty amount by INR 8,328,696 while the tax amount remains unchanged as per the earlier Appeal Order.
Detailed Breakdown of Demand
The rectification order demands the following amounts for the financial year 2019-20:
- IGST: Tax - INR 2,138, Penalty - INR 20,000
- CGST: Tax - INR 4,636,977, Penalty - INR 463,698
- SGST: Tax - INR 4,636,977, Penalty - INR 463,698
- Total: Tax - INR 9,276,092, Penalty - INR 947,396
No interest amount is specified in the breakdown.
Timeline and Receipt Details
The Rectification Order along with Form GST APL–04 was received on June 2, 2026, at 5:31 P.M. (IST).
Nature of Violation
The action relates to alleged wrong availment of ineligible Input Tax Credit for the financial year 2019-20.
Financial Impact Assessment
The Company has explicitly stated that there is no material impact on the financials, operations or other aspects of the business as a result of this rectification order.