Filed ITAT appeal against INR 17.12 crore tax demand for AY 2022-23

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Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹783.00

prior close

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announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%+1.7% vs market

Heavy Electrical Equipment peers, median of 30sector-0.4%+2.2% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Smallcap 250 and 2.2 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Schneider Electric Infrastructure Limited has filed an appeal and stay application before ITAT Ahmedabad against an additional income tax demand of about INR 17.12 crore for Assessment Year 2022-23 from the Deputy Commissioner of Income Tax. The demand was raised under Sections 143(3)/144C of the Income Tax Act. The company does not expect any significant financial impact based on the merits of the case.

Likely market impact

Tax dispute under appeal; company sees no significant financial impact. Outcome of ITAT appeal will be key for shareholders.