Tax appeal order: CGST upholds demand of about 92.76 lakh for FY 2019-20
SCHNEIDER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Smallcap 250 and 0.5 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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Schneider Electric Infrastructure received an appeal order from CGST Appeals, Vadodara dated Nov 28, 2025, upholding the original demand for alleged wrong Input Tax Credit claim in FY 2019-20. Total demand: Rs 92.76 lakh tax plus equal Rs 92.76 lakh penalty plus interest. Company notes the penalty amount in the appeal order differs from the original and may require correction. Firm says no material impact on financials, operations or routine business.
Limited financial impact per company - demand about Rs 92.76 lakh plus similar penalty. Too small to move stock materially.