Schneider Electric Infrastructure has provided an update regarding the outstanding additional tax demand for Assessment Year 2021-22, which was previously reduced to INR 13,82,91,940/-. Following a stay application, the company has successfully obtained a stay order from the Income Tax Appellate Tribunal, Ahmedabad ‘D’ Bench, dated February 9, 2026. As per this order, the company is required to pay 20% of the disputed demand within two weeks.
Regulatory Disclosure Update
Schneider Electric Infrastructure Limited is issuing a follow-up communication concerning a previous disclosure made on August 26, 2025. That earlier letter related to an Order from the Deputy Commissioner which reduced the total additional tax demand for the Assessment Year 2021-22 to INR 13,82,91,940/-.
Acquisition of Stay Order
Subsequent to filing an application seeking a stay on the recovery of the outstanding demand, the Company has received a favorable order. The Income Tax Appellate Tribunal, Ahmedabad “D” Bench, issued a stay order on February 9, 2026. The Company officially received this order on February 10, 2026, at 06:27 p.m. (IST).
Compliance Requirement
The terms stipulated in the stay order require the Company to remit 20% of the disputed tax demand, amounting to INR 13,82,91,940/-. This payment must be completed within a strict timeframe of two weeks from the date of the stay order.
The Company confirms it will continue to keep the exchanges informed regarding any subsequent developments related to this matter.
Source: BSE
