Schneider Electric Infrastructure Limited — Others, 21-10-2024: Action(s) taken or orders passed

Schneider Electric Infrastructure Limited has received a demand order regarding the wrong availment of Input Tax Credit for FY 2017-18, amounting to INR 3,05,39,282, plus interest and penalties, totaling INR 3,37,73,340. The company plans to evaluate legal remedies in response to this finding. The financial impact is limited to the demand stated in the order.