ABB India Limited has informed the Exchange about General Updates
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Awaiting price reaction for this filing.
ABB India has received a penalty order of Rs. 32.07 lakhs from the Deputy Commissioner of Commercial Taxes (LTU-3), Karnataka, under Section 73 of the CGST Act, 2017, related to alleged tax short-paid or liability short-assessed. The order was issued and received on December 29, 2025. The company plans to file an appeal at the appellate level and is hopeful of a favorable outcome. ABB India has stated that it does not reasonably expect this order to have any material impact on its financials or operations.
The penalty is negligible in size relative to ABB India's scale and the company expects no material financial impact; this is a routine tax dispute that will be contested in appeal, unlikely to move the stock.