SCHNEIDER NSE filing

Receipt of Demand Order for Wrong Availment of ITC

The RealCase readLow impact Negative

Schneider Electric Infrastructure received a demand order regarding wrong availment of Input Tax Credit (ITC) for FY19, FY22 & FY23. Tax & penalty are ₹28.12 Lakh each. The company is evaluating legal remedies.

Why it matters

The company states that the impact on financials, operations, and other routine business activities is not material and is limited to the liability as per the order. Therefore, the impact is considered low.

The market read

The announcement indicates a demand order for wrong availment of ITC, which carries financial implications in the form of tax, penalty, and interest. This suggests a negative outlook.

* Schneider Electric Infrastructure Limited received a Demand Order dated November 24, 2025, from the Office of Assistant Commissioner, CGST Commissionerate -II, Division III, Pune. * The order relates to the wrong availment of Input Tax Credit (ITC) under Section 74(9) of the CGST Act, 2017, read with Section 20 of the IGST Act, 2017. * The period involved is FY 2018-19, 2021-22, and 2022-23. * The tax and penalty amounts are ₹28,11,898 each, along with applicable interest on the tax amount. * The company received the direction or order on November 25, 2025, at 18:35 p.m. (IST). * The company is evaluating appropriate legal remedies. * The company stated that there is no material impact on the financials, operations, or other routine business activities, and the impact will be limited to the extent of liability as per the Order.

Filing to action

What to do with a filing like this

Schneider Electric Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under taxation. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.

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Primary source

A plain-language summary of a public exchange filing by Schneider Electric Infrastructure Limited. Read the original for the full detail.

View original filing