NSEAction(s) initiated or orders passed9 Sept 2026 · 9 Sept 2026, 05:25 pm

Action(s) initiated or orders passed

Schneider Electric Infrastructure Limited · SCHNEIDER

✦ AI Summary▼ NegativeRegulatory

Schneider Electric Infrastructure Limited has received an Order-in-Original from the GST Authorities regarding alleged non-payment of duty of export of services, availment of ineligible ITC, non-payment of GST for supply made to SEZ, and non-reversal of ITC. The company is evaluating the order and will take appropriate legal remedy.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment4/10

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Schneider Electric Infrastructure Limited has informed the Exchange about Action(s) initiated or orders passed

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SCHNEIDER_09092026172537_IntimationReg_30GST_MatterSep2026.pdf

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September 9, 2026 SEIL/Sec./SE/2026-27/41 The Manager The Secretary Listing Department BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex Dalal Street Bandra (East), MUMBAI 400 051 MUMBAI 400 001 Fax # 022-2659 8237/8238/8347/8348 Fax#022-2272 3121/2037/2039 Symbol: SCHNEIDER Scrip Code No. 534139 Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 (“the Listing Regulations”) Dear Sir/Madam, The Company wishes to inform that it has received an Order-in-Original from the GST Authorities vide no. 99/2026-GST (ADC) dated August 31, 2026 from the Office of the Commissioner of GST and Central Excise, Chennai Outer Commissionerate, through the Commissioner (In-Situ) of Central Tax, Chennai. The order is regarding a) non-payment of duty of export of services due to non-receipt of convertible foreign exchange, b) availment of ineligible ITC, c) non-payment of GST for supply made to SEZ without endorsement and d) non reversal of ITC as per credit notes reflected in GSTR2A. The Company is evaluating the order and appropriate legal remedy. The required details pursuant to sub-para 20 of Para A of Part A of Schedule III, are as follows: Sr. Particulars Details 1. Name of the authority Office of the Commissioner of GST and Central Excise, Chennai Outer Commissionerate, through the Commissioner (In-Situ) of Central Tax, Chennai. 2. Nature and details of the The GST Authority has passed an adjudication order pursuant to GST audit action(s) taken, initiated or proceedings pertaining to FY 2022-23 against the Company. The Authority has order(s) passed; confirmed the following tax demands and penalties: 1. Demand of IGST of INR 2,37,99,374 towards alleged non-payment of IGST on export of services due to non-receipt of export proceeds within the prescribed period. 2. Demand of IGST of INR 1,06,37,269 towards alleged availment of ineligible input tax credit. 3. Demand of IGST of INR 3,79,519 towards alleged non-payment of GST on supplies made to SEZ units without prescribed endorsement of the authorized officer. 4. Demand of INR 3,63,915 towards alleged non-reversal of input tax credit related to supplier credit notes. 5. The Authority has dropped the proposed demand of INR 67,316 relating to alleged duplicate availment of ISD credit. 6. Interest has been directed to be recovered at applicable rates and a penalty of INR 35,18,008 has been imposed under Section 122(2)(a) read with Section 73(9) of the CGST Act, 2017. Schneider Electric Infrastructure Limited Corporate Office: 15th Floor, DT-4, DLF Downtown, Phase 3, Sector 25A, Gurugram, Haryana – 122002 Tel. +91 9228078000 Registered Office: Milestone 87, Vadodara-Halol Highway, Village Kotambi, Post Office Jarod, Vadodara- 391510 Gujarat, India | Tel. +91 0266866200 CIN: L31900GJ2011PLC064420 schneider-infra.in 3. Date of receipt of direction The order came into the knowledge of compliance officer on September 9, 2026, or order, including any ad- at 11:16 a.m. (IST). interim or interim orders, or any other communication from the authority; 4. Details of As detailed in point no. 2 violation(s)/contravention( s) committed or alleged to be committed; 5. Impact on financial, There is no material impact on the financials, operations or other routine operation or other business activities. The impact will be limited to the extent of liability as per the activities of the listed Order. entity, quantifiable in monetary terms to the extent possible. We request you to kindly take the above submissions on your records. Yours Sincerely, For Schneider Electric Infrastructure Limited (Sumit Goel) Company Secretary and Compliance Officer Schneider Electric Infrastructure Limited Corporate Office: 15th Floor, DT-4, DLF Downtown, Phase 3, Sector 25A, Gurugram, Haryana – 122002 Tel. +91 9228078000 Registered Office: Milestone 87, Vadodara-Halol Highway, Village Kotambi, Post Office Jarod, Vadodara- 391510 Gujarat, India | Tel. +91 0266866200 CIN: L31900GJ2011PLC064420 schneider-infra.in