Schneider Electric Infrastructure Limited — Others, 28-11-2024: Action(s) initiated or orders passed

Schneider Electric Infrastructure Limited received a Show Cause Notice from the Office of the Joint Commissioner of State Tax Special Circle, Patna, regarding the alleged excess availment of Input Tax Credit (ITC) for the financial year 2020-21. The notice demands a total of ₹8.80 crore, including tax, interest, and penalty. The company is currently assessing legal options but reports that there is no significant impact expected on its financials or operations from this demand. Investors might view this situation with a neutral outlook, as the company appears prepared to address the issue without affecting its core business activities.