ABB India Limited — Important, 17-02-2025: General Updates

ABB India Limited has received a penalty order from the Deputy Commissioner of State Tax in Jaipur, imposing a fine of Rs. 16.63 lakh due to a mismatch in Input Tax Credit reconciliation. The company intends to file an appeal and is optimistic about achieving a favorable outcome. Management believes this penalty will not materially impact the company's financials or operations. This situation should be monitored closely, although current assessments suggest it remains manageable within the company’s broader operational context.