NSEAction(s) initiated or orders passed4d ago · 27 Oct 2026, 10:43 pm
Action(s) initiated or orders passed
Schaeffler India Limited · SCHAEFFLER
✦ AI SummaryRegulatory
Schaeffler India Limited has received a GST demand order from the Adjudication Branch (II), CGST & Central Excise, Hqrs, Manikbagh, Indore, for excess Input Tax Credit (ITC) availed at its MP warehouse, with a penalty of INR 13,85,25,490. The company is in the process of filing an appeal to the GST commissioner - Appeal (Indore).
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Schaeffler India Limited has informed the Exchange about Action(s) initiated or orders passed
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Schaeffler India Limited · Pune · Maharashtra
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C – 1, Block G,
Dalal Street, Bandra-Kurla Complex, Bandra (E),
Mumbai-400001 Mumbai-400051
Company Code: 505790 Company Code: SCHAEFFLER
Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015
Dear Sirs,
In terms of the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regula-
27/10/2026
tions, 2015 read with SEBI Circular bearing ref. no. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated
December 31, 2024 (‘the SEBI Circular’), we hereby inform you about the requisite details of
communication received from the authority as under:
Sr. Particulars Details
1. Name of Listed Company Schaeffler India Limited (‘the Company’)
2. Type of communication GST demand order through email
Phone: +912068198464
received
3. Date of receipt of October 22, 2026
communication
4. Authority from whom Adjudication Branch (II), CGST & Central Excise, Hqrs,
communication received Manikbagh, Indore - 452014
5. Brief summary of the Goods supplied from manufacturing plant -Hosur (TN) to
material contents of the communica- Madhya Pradesh (MP) warehouse with 28% GST rate and
tion received, material (tractor parts) supplied to customers with
including reasons for 28%/18% to Agriculture customers. Disallowance of 10%
receipt of the communication excess Input Tax Credit (ITC) availed at MP warehouse.
6. Period for which GST audit for the FY 2020-21 to 2023-24 (4 years).
communication would be
applicable, if stated
7. Expected financial implications on There is no material impact on the financials,
the listed company, if any operations or other activities of the Company.
8. Details of any Excess Input Tax Credit (ITC) availed at MP warehouse
aberrations/non-compliances identi-
fied by the
authority in the
communication
9. Details of any penalty or restriction or Levied penalty of INR 13,85,25,490/-
sanction imposed pursuant to the
communication
10. Action(s) taken by listed company The Company is in the process of filing an appeal to GST
with respect to the communication commissioner - Appeal (Indore)
11. Any other relevant information NA
Kindly take the same on your records. Thanking you.
For Schaeffler India Limited
Ashish Tiwari,
General Counsel & Company Secretary
Schaeffler India Limited INTERNAL
Registered and Corporate Office: 15th Floor, (ASTP) Amar Sadanand Tech Park, Baner, Pune, Maharashtra, India – 411045 Tel: +91-20-68198400 | Fax: +91-20-68198405
CIN: L29130PN1962PLC204515, www.schaeffler.co.in, info.in@schaeffler.com,