30-Sept-2026 16:27:21

SCHNEIDER ELECTRIC PRESIDENT SYSTEMS LTD : DISCLOSES GST ORDER

• The company received an order confirming demand of ITC amounting to ₹5,39,195 (IGST: ₹3,75,611, CGST: ₹81,792, and SGST: ₹81,792). • Interest of ₹8,20,050 and penalty of ₹57,561 were levied. • The order pertains to availment of Input Tax Credit (ITC) on certain reverse charge mechanism (RCM) transactions for the pre-GST period (August 2017 - March 2018). • The company does not expect any material impact on its financials, operations or business activities. • The company has grounds to contest the order and is evaluating legal remedies, including filing an appeal. Impact: Neutral (Tax demand with interest and penalty; company plans to contest the order.)

Schneider Electric President Systems Ltd

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