ABB India Limited — Important, 26-02-2025: General Updates

ABB India Limited has received a penalty order from the Deputy Commissioner of Commercial Taxes in Bengaluru for the financial year 2020-21, amounting to ₹1.26 crore in relation to a short-paid tax liability. The company plans to file an appeal and remains optimistic about a favorable outcome. Management does not anticipate this order will materially affect the company's operations or financial performance, signaling a generally positive outlook amidst the ongoing resolution process. Investors should monitor developments as the appeal progresses.