Schneider Electric President Systems Ltd

Schneider Electric President Systems Limited informed the BSE Limited and Metropolitan Stock Exchange of India that it is enclosing a certificate received from MUFG Intime India Private Limited, formerly Link Intime India Private Limited, the Registrar and Share Transfer Agent, for the quarter ended September 30, 2026, in compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Schneider Electric President Systems Limited announced it has received an order from the Office of the Superintendent of Central Tax, South Division -9, Bengaluru South Commissionerate, pertaining to the availment of Input Tax Credit (ITC) on reverse charge mechanism (RCM) transactions during the pre-GST period. The order, dated September 29, 2026, confirms a demand of Rs 5,39,195 (consisting of Rs 3,75,611 IGST, Rs 81,792 CGST, and Rs 81,792 SGST), along with Rs 8,20,050 in interest and a penalty of Rs 57,561, totaling Rs 14,16,806. While the company acknowledges the order, it anticipates no material impact on its financials, operations, or business activities and intends to pursue legal remedies, including an appeal.

Schneider Electric President Systems Ltd. currently trades at Rs 2050.0, having advanced by 14.62% over the last week. Schneider Electric President Systems Limited has received an Order-in-Original under the Central Goods and Services Tax Act, 2017, related to the availment of Input Tax Credit (ITC) on reverse charge mechanism transactions from the pre-GST period. The order, dated September 28, 2026, confirms a demand of Rs 5,39,195 (comprising Rs 3,75,611 IGST, Rs 81,792 CGST, and Rs 81,792 SGST), along with applicable interest and a penalty totaling Rs 57,561, bringing the total assessed amount to Rs 5,96,756. While the company acknowledges the order alleges an inadmissible ITC claim of Rs 5,39,195, it anticipates no material financial or operational impact and intends to pursue legal remedies, including an appeal. Schneider Electric President Systems Ltd. shares saw a trading volume of 3776 today, a marginal increase of 9.07% compared to the average volume over the last one week. Schneider Electric President Systems Ltd. surged by 2543.46% year-over-year, outperforming the 7.53% loss recorded by the NIFTY50 index.

Schneider Electric President Systems Limited will close its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the approval and declaration of the company’s standalone unaudited financial results for the second quarter and half year ended September 30, 2026, according to a filing with the BSE Limited and Metropolitan Stock Exchange of India Limited.

Schneider Electric President Systems Limited has received a refund sanction order of Rs 2,96,303 from the GST Authorities, following a favourable appellate order received on May 11, 2026, related to a pre-deposit made for filing an appeal. The refund, pertaining to fiscal year 2019-20, has been credited to the company's electronic credit ledger and does not have any adverse impact on its financial, operational, or other activities, according to a filing on September 16, 2026. The company previously disclosed on May 12, 2026, an appellate order that set aside a demand of Rs 58,25,872.

Schneider Electric President Systems Limited announced it has received a favorable Order-in-Appeal under Section 107(11) of the CGST Act, resulting in the complete setting aside of a previous Order-in-Original concerning alleged non-payment of Goods and Services Tax (GST) under the Reverse Charge Mechanism (RCM) on ocean freight. The original order, dated November 19, 2024, pertained to a sum of Rs 1,19,167 for the period July 2017 to March 2020, along with applicable interest and penalty of Rs 1,19,167, which the Appellate Authority has now nullified, effectively dropping the proceedings. The company received notification of this decision on August 19, 2026.