Johnson Controls - Hitachi Air Conditioning India Limited — Others, 21-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Johnson Controls-Hitachi Air Conditioning India Limited has announced a board meeting to address a Show Cause Notice from the Commissioner of Customs, alleging an incorrect claim of preferential Customs Duty. The claim mentioned in the notice amounts to INR 58.03 Crores. While no demand order has been passed yet, the company will submit a response within the stipulated timeframe.

This development may pose a potential risk to operational costs and financial health, depending on the case's outcome. Investors should monitor this situation closely, as any unfavorable ruling could impact sentiments and share value in the near term.