Siemens Limited filed a regulatory disclosure pursuant to Regulation 30 read with sub-para 8 of Para B of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, referencing Master Circular Nos. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 14th November, 2024 and SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated 31st December, 2024, and Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated 25th February, 2025.
The disclosure concerns the conclusion of litigation regarding a GST show cause notice (SCN) issued by the Joint Commissioner, Central GST & Excise, Vadodara I Commissionerate. The SCN, initially received on 20th September, 2025, proposed levy of GST amounting to ₹34,83,00,000 (₹34.83 crore) along with applicable interest and penalty under Section 74 of the Central Goods and Services Tax Act, 2017.
The SCN related to the transfer and assignment of the company's leasehold interest in a property located at Halol, Gujarat. The Hon'ble Gujarat High Court quashed this SCN, as reported by the company on 27th November, 2025.
Subsequently, the GST Department filed a Special Leave Petition (SLP) before the Hon'ble Supreme Court challenging the Gujarat High Court's order. The Hon'ble Supreme Court has dismissed this SLP, concluding the litigation in favor of Siemens Limited.
The company received the Supreme Court's dismissal order at approximately 3:30 p.m. on 20th August, 2026.