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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Earnings Impact1/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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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,