LG Electronics India Ltd

LG Electronics India Ltd announced the outcome of its Board Meeting held on July 21, 2026. The Board approved the appointment of M/s. Deloitte Haskins & Sells Chartered Accountants LLP as the new Statutory Auditors for a term of 5 years, commencing from the conclusion of the upcoming 29th Annual General Meeting (AGM) until the AGM in 2031. This appointment is subject to shareholder approval. The Board also re-appointed M/s. J.K. Kabra & Co. as Cost Auditors for the Financial Year 2026-27. The 29th AGM is scheduled for August 21, 2026, to be held via Video Conferencing.

LG Electronics India Ltd announced the re-appointment of M/s. J.K. Kabra & Co. as Cost Auditors for the Financial Year 2026-27. This decision was made by the Board of Directors during their meeting held on July 21, 2026, based on the recommendation of the Audit Committee. The remuneration for the cost auditors will be subject to ratification by the company's members at the upcoming 29th Annual General Meeting (AGM). The company also approved the appointment of Deloitte Haskins & Sells Chartered Accountants LLP as Statutory Auditors for a five-year term. The 29th AGM is scheduled for August 21, 2026.

LG Electronics India Ltd announced the appointment of M/s. Deloitte Haskins & Sells Chartered Accountants LLP as its new Statutory Auditors for a term of five years. This appointment, approved by the Board of Directors based on the Audit Committee's recommendation, will commence after the conclusion of the upcoming 29th Annual General Meeting (AGM) and extend until the AGM in 2031. The current auditors, M/s. Price Waterhouse Chartered Accountant LLP, will conclude their term at the 29th AGM. Additionally, M/s. J.K. Kabra & Co. have been re-appointed as Cost Auditors for FY 2026-27. The 29th AGM is scheduled for August 21, 2026.

LG Electronics India Ltd has received a favorable order from the Joint Commissioner GST, Corporate Circle-2, Greater Noida. The order pertains to a show cause notice issued under Section 74 of the CGST Act, 2017, for FY 2021-22, alleging excess Input Tax Credit availment. The GST Authority has dropped the proposed demand of ₹116.72 Crore, which included principal tax and penalty, deciding the matter in favor of the company. This outcome has no material financial, operational, or other impact on LG Electronics India.

LG Electronics India Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will be shut from July 1, 2026, until 48 hours after the declaration of the company's unaudited financial results for the first quarter ending June 30, 2026. The specific date for the Board of Directors' meeting to approve these results will be communicated later.

LG Electronics India Ltd has received a penalty order dated June 19, 2026, from the Income Tax Department, levying a penalty of ₹8,23,53,445 under section 271(1)(c) of the Income Tax Act, 1961. This penalty is related to tax adjustments for the financial year 2013-14 concerning the taxability of incentives received from the Uttar Pradesh Government. The company had previously received an order from the Income Tax Appellate Tribunal (ITAT) on October 15, 2025, confirming these tax adjustments. LG Electronics India Limited believes it has a strong case and intends to file an appeal against the penalty order, citing favorable decisions in similar past cases. The company states there will be no substantial impact on its financial operations.

LG Electronics unveiled its vision for an AI-powered home ecosystem, driven by 'Affectionate Intelligence.' The strategy centers on AI appliances, ThinQ AI orchestration, and autonomous robots to simplify daily life through personalized and seamless experiences. The company highlighted existing innovations in India, like AI Wash 2.0, as steps towards this future. LG sees strong potential in India's premium appliance market, driven by rising incomes and demand for intelligent solutions.

LG Electronics has issued a clarification regarding recent media reports concerning an alleged restructuring and/or sale of its television business. The company explicitly states that these reports, published across various Indian media platforms, are speculative, incorrect, and misleading. LG Electronics further denies the veracity of these news items, aiming to provide accurate information to its stakeholders and the public.

LG Electronics India Ltd. received a Show Cause Notice (SCN) from the Joint Commissioner of GST, demanding ₹116.72 Crore (including penalty) for alleged excess Input Tax Credit claims for FY 2021-22. The tax department claims the company claimed excess Input Tax Credit while comparing the data auto reflected in GSTN Portal and claimed by company in GSTR-3B. LG Electronics will file a reply to the SCN within one month, providing evidence to refute the claim. The company states that the Input Tax Credit claimed is within GST provisions and expects no financial impact.

LG Electronics India Ltd. received an addendum to its Eligibility Certificate from the Government of Maharashtra, increasing its potential incentives to ₹881.86 Crores. This is an increase of ₹176.12 Crores over the previously reported ₹705.74 Crores. The incentive applies to investments in fixed assets made between November 1, 2017, and October 30, 2025, at its Ranjangaun, Pune units. The company will avail the incentive through SGST refunds, electricity duty exemption, stamp duty exemption, EPF contribution refunds, power tariff subsidy, and property tax exemption, valid from May 1, 2025, to April 30, 2040. The annual limit has increased from ₹47.04 Crores to ₹58.79 Crores.