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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Schneider Electric Infrastructure Ltd

Schneider Electric Infrastructure Ltd: Penalty reduced by INR 8,328,696

REGULATORY ▲ Positive Development LOW RISK
📅 Filed on BSE: 03 Jun 2026, 02:52 PM IST  ·  BSE ID: a652e8ac-af52-4a79-8664-d9ea790ddfc3
View Original BSE Filing (PDF)
💡
In Simple Terms
A tax authority reduced Schneider Electric's penalty by over INR 8.3 million due to a correction in their order.
🤖 AI Summary
  • Penalty reduced by INR 8,328,696 via Rectification Order received June 2, 2026.
  • Original penalty related to wrong Input Tax Credit for financial year 2019-20.
  • Total tax demand is INR 9,276,092; total interest is INR 947,396.
  • The penalty amount has been reduced to INR 947,396.
  • No material impact expected on financials or operations.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Penalty Reduction
INR 8,328,696
Total Tax Demand
INR 9,276,092
Total Interest
INR 947,396
Reduced Penalty
INR 947,396
Tax Amount (IGST)
2,138
Penalty Amount (IGST)
20,000
Tax Amount (CGST)
4,636,977
Interest Amount (CGST)
463,698
Tax Amount (SGST)
4,636,977
Interest Amount (SGST)
463,698
🏢 How This Affects the Company
💰
Financial Impact
The financial impact is limited to the reduced demand in the Rectification Order. The tax and interest amounts remain as per the earlier Appeal Order.
⚙️
Operational Impact
Routine business activities remain unaffected by this regulatory correction.
⚠️
Risk Impact
This reduces the immediate financial exposure related to the penalty, as a portion has been rectified.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this regulatory update.
👤
Who Is Affected
All shareholders are indirectly affected by the company's ongoing compliance with tax regulations and its financial disclosures.
🔍
Management Signal
Management has proactively pursued and received a rectification order, indicating a commitment to resolving tax matters efficiently.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Confirmation of no further appeals filed by tax authorities.
Company's next quarterly results announcement for any financial reporting updates.
Review of future GST compliance measures by the company.
LOW RISK Rectification order significantly reduces penalty, with no material financial or operational impact.
💡 Investor Takeaway
Schneider Electric Infrastructure Ltd's penalty for FY 2019-20 wrong Input Tax Credit reduced by INR 8,328,696 to INR 947,396. Tax demand of INR 9,276,092 and interest of INR 947,396 unchanged.
⚖️ Strengths & Concerns

✅ Positives

  • Penalty reduced by INR 8,328,696 through a Rectification Order from the Joint Commissioner, Vadodara.
  • Confirmation that tax demand of INR 9,276,092 and interest of INR 947,396 remains unchanged from earlier order.

⚠️ Concerns

  • Original tax demand of INR 9,276,092 and interest of INR 947,396 for FY 2019-20 remains.
  • Penalty of INR 947,396 imposed for wrong availment of ineligible Input Tax Credit.
❓ Frequently Asked Questions
What is the penalty reduction for Schneider Electric Infrastructure Ltd?
The penalty was reduced by INR 8,328,696 following a Rectification Order from the Joint Commissioner, Vadodara.
What is the total tax and interest liability for Schneider Electric Infrastructure Ltd?
The total tax demand is INR 9,276,092 and the total interest is INR 947,396 for the financial year 2019-20.
What was the reason for the penalty on Schneider Electric Infrastructure Ltd?
The penalty was related to the wrong availment of ineligible Input Tax Credit for the financial year 2019-20.
What is the net penalty amount after rectification?
After the rectification, the penalty amount stands at INR 947,396.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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