NSEAction(s) taken or orders passed1h ago · 31 Oct 2026, 06:50 pm

Action(s) taken or orders passed

LG Electronics India Limited · LGEINDIA

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LG Electronics India Limited has received an Order-in-Original from the Office of the Principal Commissioner of Customs (Import) regarding the classification of Commercial Signage Display imported by the company. The adjudicating authority has rejected the company's classification and denied the benefit of the applicable customs notification, resulting in reclassification of the goods and confirmation of differential customs duty and fine.

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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact5/10
Market Sentiment2/10

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LG Electronics India Limited has informed the Exchange about Action(s) taken or orders passed

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LGEINDIA_31102026185009_Intimation_under_Regulation_30_dated_31st_October_2026.pdf

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LG Electronics India Limited (16th to 20th Floor) C- 001, Tower D, KK Project, Sector-16 B. Noida - 201301 Dist. Gautam Buddha Nagar, UP (India) T: 91-120-651-6700 Website: www.lg.com/in Email id: cgc.india@lge.com LGEIL/CGC/2026-27/64 Date: October 31, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: LGEINDIA Scrip Code: 544576 Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”) Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”), we hereby inform you that the Company has received an Order in Original (“OIO”) dated October 30, 2026 issued by Office of the Principal Commissioner of Customs (Import), Air Cargo Complex, Sahar, Andheri (East), Mumbai-400099. The details required under Regulation 30 of the SEBI LODR read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure-A. The date and time of occurrence of information is October 30, 2026 at 19:07 hours (IST). Kindly take the above information on record. Thanking You, Yours truly, For LG Electronics India Limited (Anuj Goyal) Company Secretary and Compliance Officer Encl: As above Regd. Office: A-24/6, Mohan Cooperative Industrial Estate, Mathura Road, New Delhi – 110044 CIN: L32107DL1997PLC220109 LG Electronics India Limited (16th to 20th Floor) C- 001, Tower D, KK Project, Sector-16 B. Noida - 201301 Dist. Gautam Buddha Nagar, UP (India) T: 91-120-651-6700 Website: www.lg.com/in Email id: cgc.india@lge.com “Annexure – A” Sr. No. Particulars Details 1 Name of the Authority; Office of the Principal Commissioner of Customs (Import), Air Cargo Complex, Sahar, Andheri (East), Mumbai – 400099. 2 Nature and details of action(s) taken The Company has received an Order-in-Original or order(s) passed; pursuant to Show Cause Notice No. 117/2026-27 dated May 22, 2026, wherein the adjudicating authority has rejected the classification adopted by the Company of Commercial Signage Display under CTH 85285200 and denied the benefit of Notification No. 24/2005-Cus., providing for BCD @ 0%. Accordingly, the Customs Department has reclassified the said goods under CTH 85285900, attracting BCD @ 10% and IGST @ 28%, in respect of Bill of Entry No. 2178521 dated February 17, 2024. Consequently, the adjudicating authority has confirmed a differential customs duty demand of ₹61,30,064/-, imposed a redemption fine of ₹40,00,000/- and levied a penalty of ₹5,00,000/- on the Company. 3 Date of receipt of Direction or October 30, 2026 order, including any ad-interim or interim orders, or any other communication from the authority; 4 Details of the violation(s) / The matter pertains to the classification of contraventions (s) committed or Commercial Signage Display imported by the alleged to be committed; Company. The Adjudicating Authority has rejected the classification adopted by the Company and denied the benefit of the applicable customs notification, resulting in reclassification of the goods and confirmation of differential customs duty and fine. 5 Impact on financial, operation or The Order-in-Original has resulted in a differential other activities of the listed entity, customs duty demand of ₹61,30,064, a redemption quantifiable in monetary terms to fine of ₹40,00,000/- and a penalty of ₹5,00,000/. the extent possible; The Company is evaluating the implications of the order and the appropriate course of action. Regd. Office: A-24/6, Mohan Cooperative Industrial Estate, Mathura Road, New Delhi – 110044 CIN: L32107DL1997PLC220109