Schneider Electric President Systems MD, chairman, board of directors and AGM

• Tax disputeOffice of the Commissioner of Central Tax Audit-I Commissionerate, Bengaluru Traffic & Transit Management Centre, BMTC, Banashankari, Bengaluru- 560070 (Superintendent of Central Tax)Since 20 May 2022
  Status Quo
  At the filing before: Excess availing of ITC in GSTR-3B as compared to ITC available in GSTR-2A of INR 1,04,58,491/- Total Demand for the Period FY 2018-19: INR 1,04,58,491/-).The Company had received an Order on September 01, 2025 against SCN Reply with Tax demand which was reduced to INR 32,21,270 with Penalty as INR 33,15,229 (Total INR 65,36,499) and Interest as applicable.MoreLess
• Tax disputeGovernment of Maharashtra, Office of the State Tax Officer, Department of Goods and Service Tax, Pune, MaharashtraSince 8 Nov 2024
  Status Quo
  At the filing before: Notice towards Excess ITC claimed in GSTR 3B/9 which is not confirmed in GSTR 2A or 8A of GSTR 9 was received for a Period: FY 2020-21 with Liability: INR 1,32,77,080/- (Tax -INR 67,98,300/- Interest-INR 57,98,950/- Penalty-INR 6,79,830/-).In this regard, First Appeal Filed and further order is awaited.MoreLess
• Tax disputeIncome Tax Appellate Tribunal (ITAT) “B” BENCH, BangaloreSince 5 Nov 2024
  The matter is closed now and the refund of INR 1,70,32,804 (including interest of INR 35,01,491 u/s 244A) has been received in bank account of the Company on April 18, 2026.
  At the filing before: Pursuant to directions of the Hon’ble ITAT, the Assessing Officer passed an Order Giving Effect dated 06. 02.2026 allowing relief on (i) disallowance under Section 43B amounting to INR 1,68,53,209; (ii) granting credit of Self- Assessment Tax of INR 60,00,000; and (iii) rectifying MAT computation under Section 115JB. The total income was recomputed accordingly. The matter stands closed as of now and the refund of INR 1,70,32,804 has been determined in the favour of company (incuding interest of INR 35,01,491 u/s 244A).MoreLess
• Tax disputeOffice of the Assistant Commissioner of Central Tax: South Division 9: 7th Floor: ‘C’ Wing: Kendriya Sadan, Koramangala, Bangalore – 560034Since 18 Dec 2025
  Status Quo
  At the filing before: Receipt of Notice GST ASMT-10 vide reference number ZD291225145063K for discrepancies in the returns forfinancial year 2022-23 amounting INR 11,95,68,159 towards excess availment of ITC under: All other ITC, Import ofgoods and short payment of GST oninward supply under RCM.The Company has submitted its reply-ASMT-10.MoreLess
• Tax disputeIncome Tax Department(Final order u/s 143(3)r.w.s. 144C(3))Since 31 Mar 2026
  The Company has filed an appeal before Commissioner (Appeals) on May 13, 2026 against the final assessment order u/s 143(3) r.w.s. 144C(3) dated April 13, 2026. Stay application has also been filed against the tax demand raised of INR 6,59,01,420. Submission to penalty proceedings u/s 270A has also been filed on May 08, 2026.MoreLess
  At the filing before: The Assessing Officer has passed the final assessment order u/s 143(3) r.w.s. 144C(3)dated 13.04.2026, making a transfer pricing adjustment of INR 19,44,22,635.The returned income has been increased to INR 41,26,03,009 which has resulted in a tax demand of INR 6,59,01,420. Penalty proceedings u/s 270A have also been initiated for under-reporting of income.Now, the Company shall prefer appeal before Commissioner (Appeals).MoreLess

In the company's own words, from its latest governance filing.

The board is made up as the listing rules require

Yes

The board has a regular chairperson

Yes

The company has a risk management committee

No

The chair is related to the managing director

No

The filing has a part on fines and penalties

No

The filing has a part on tax disputes

Yes

There was a cyber security incident in the quarter

No

The company's own answers in its filing.