ABB India Limited has informed the Exchange about General Updates
ABB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ABB India Limited received a customs order dated March 26, 2026 (received April 1, 2026) from the Commissioner of Customs, APACC, Bengaluru. The order imposes a penalty of Rs. 3.56 crore and a redemption fine of Rs. 11 crore, totaling approximately Rs. 14.56 crore, under Sections 114A and 125 of the Customs Act, 1962. The violations relate to alleged misclassification of goods and contravention of customs provisions. The company stated it will file an appeal and expects a favourable outcome, adding it does not reasonably anticipate material financial impact on its operations.
The combined penalty and fine of Rs. 14.56 crore represents a notable liability, though the company disputes the order and expects to overturn it on appeal. Until the appeal is resolved, there may be some overhang on investor sentiment despite management's confident outlook.