BSECompany Update18 Oct 2026 · 18 Oct 2026, 01:18 pm

In furtherance to the previous intimation filed on July 20, 2024, the Company has received another order from the GST Authority Details are enclosed herewith.

Schneider Electric Infrastructure Ltd · 534139

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Schneider Electric Infrastructure Ltd has received an order from the GST Authority, rejecting its appeal against a previous order demanding excess ITC claimed for FY 2017-18. The Appellate Authority has upheld the demand, interest, and penalty, resulting in a quantified amount of INR 10,08,142 plus applicable interest. The company has no material impact on its financials, operations, or other routine business activities.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment4/10

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Schneider Electric Infrastructure Ltd - 534139 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 ('The Listing Regulations') - Update

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October 18, 2026 SEIL/Sec./SE/2026-27/52 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, This is in furtherance to the intimation filed by the Company vide letter no. SEIL/Sec./SE/2024-25/30 dated July 20, 2024, informing about the receipt of order from Office of the Superintendent, Range V, CGST & CX, Bidhannagar Division, Kolkata, North Commissionerate relating to excess ITC claimed for the financial year 2017-18 and accordingly, demanding the excess amount along with the penalty. In this regard, we wish to inform that Schneider Electric Infrastructure Limited (“Company”) has now received an Order-in-Appeal from the Joint Commissioner, CGST & CX, Kolkata Appeal-I Commissionerate, whereby the appeal filed by the Company against the Order-in-Original dated July 16, 2024 has been rejected. The details pursuant to sub-para 20 of Para A of Part A of Schedule III as required under the SEBI Listing Regulations are set out below: Sr. Particulars Details 1. Name of the authority Joint Commissioner, CGST & CX, Kolkata Appeal-I Commissionerate. 2. Nature and details of the The Appellate Authority, vide Order-in-Appeal No. 302/CGST/Kol-North/2026 action(s) taken, initiated or has rejected the appeal filed by the Company and upheld the Order-in-Original order(s) passed; No. 117/SUP/R-V/KOL-N/2024-25 dated July 16, 2024. Accordingly, the Appellate Authority has upheld (i) the demand in respect of transitional input tax credit amounting to INR 5,04,071 under Section 74(1) of the CGST Act, 2017; (ii) consequential liability towards interest under Section 50(3), to the extent payable in accordance with law; and (iii) penalty of INR 5,04,071 under Section 122(2)(b) read with the relevant provisions of the CGST Act, 2017. Accordingly, the quantified amount involved is INR 10,08,142 plus applicable interest. 3. Date of receipt of direction The order came into the knowledge of compliance officer on October 17, 2026, or order, including any ad- at 3:04 p.m. (IST). interim or interim orders, or any other communication from the authority; 4. Details of The matter relates to transitional input tax credit of INR 5,04,071 claimed by the violation(s)/contravention( Company under Form GST TRAN-1 for FY 2017-18 in respect of three s) committed or alleged to invoices/tax-paying documents. The authorities alleged that the said documents be committed; were recorded in the books of account on July 31, 2017, beyond the prescribed 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 period under Section 140(5) of the CGST Act, 2017, and that no extension of the prescribed period had been granted by the competent authority. The Appellate Authority has upheld the findings of the adjudicating authority concerning inadmissibility of the said transitional credit and the consequential interest and penalty. 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. The Company is evaluating the order and appropriate legal remedy. 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