Schneider Electric President Systems Ltd

Schneider Electric President Systems Ltd has received a favorable Order-in-Appeal from the Appellant Authority, quashing a previous order that imposed a tax demand of ₹1,19,167, along with an equal amount for interest and penalty. The original order pertained to alleged non-payment of GST under the Reverse Charge Mechanism (RCM) on ocean freight for the period July 2017 to March 2020. The Appellate Authority has set aside and annulled the entire Order-in-Original, resulting in the dropping of proceedings. This favorable outcome significantly impacts the company by removing a potential financial liability of ₹2,38,334 (tax, interest, and penalty).

Schneider Electric President Systems Limited announced the appointment of Mr. Devender Kumar Sharma as the new Internal Auditor for FY 2026-27, effective August 12, 2026. He replaces Mr. Vinay Kumar Awasthi, who resigned due to a role change within the Schneider Electric Group. The Board of Directors also approved the Unaudited Financial Results for the first quarter ended June 30, 2026, which were issued with an unmodified opinion by the Statutory Auditors. Additionally, material related party transactions were noted, subject to shareholder approval.

Schneider Electric President Systems Limited announced that its Board of Directors, in a meeting held on August 12, 2026, approved the unaudited financial results for the first quarter ended June 30, 2026. The company also approved the appointment of Mr. Devender Kumar Sharma as the Internal Auditor for FY 2026-27, replacing Mr. Vinay Kumar Awasthi. Additionally, material related party transactions were approved, subject to shareholder consent at the upcoming Annual General Meeting. The limited review report from statutory auditors, S.N. Dhawan & Co LLP, was issued with an unmodified opinion.

Schneider Electric President Systems Ltd announced its Unaudited Financial Results for the first quarter ended June 30, 2026. The Board of Directors approved these results, which were accompanied by a Limited Review Report from statutory auditors M/s. S.N. Dhawan & Co LLP, who issued an unmodified opinion. The company also appointed Mr. Devender Kumar Sharma as Internal Auditor for FY 2026-27, replacing Mr. Vinay Kumar Awasthi. Additionally, material related party transactions were approved, subject to shareholder consent at the upcoming Annual General Meeting.

Schneider Electric President Systems Ltd has announced that its Board of Directors will convene on Wednesday, August 12, 2026. The primary agenda item is to consider and approve the company's Unaudited Financial Results for the first quarter ended June 30, 2026, along with the Limited Review Report. This meeting follows a prior communication regarding the closure of the trading window and adheres to SEBI Listing Regulations. The company will also upload this intimation on its official website.

Schneider Electric President Systems Ltd has received a Form GST ASMT-12 order from the Superintendent of Central Tax, effectively dropping tax proceedings for FY 2022-23. The order follows the company's satisfactory reply to a scrutiny notice (ASMT-10) concerning a potential demand of ₹11,95,68,159. As GST audit proceedings (ADT-01) were already initiated for the same period, the department accepted the company's submissions and closed the matter. This development has no financial impact on the company.

Schneider Electric President Systems Ltd (SEPSL) has responded to an exchange query regarding a significant increase in its securities' trading volume. The company stated that it is unaware of any specific event, information, or development that would explain this movement and warrant disclosure under SEBI Listing Regulations. SEPSL affirmed its commitment to continuous compliance with disclosure norms and confirmed that no material undisclosed information exists. The company reiterated its dedication to transparency and corporate governance.

Schneider Electric President Systems Ltd (SEPSL) has responded to an exchange query regarding a significant movement in its securities volume. The company stated it is unaware of any specific event, information, or development that would warrant disclosure under SEBI Listing Regulations. SEPSL affirmed its consistent compliance with disclosure norms and confirmed that no material event requiring disclosure under Regulation 30 remains undisclosed. The company reiterated its commitment to transparency and corporate governance.

Schneider Electric President Systems Ltd (SEPSL) has responded to a BSE query regarding significant price movements in its securities. The company stated it is unaware of any specific event, information, or announcement that would warrant disclosure under SEBI Listing Regulations and could explain the price fluctuation. SEPSL affirmed its commitment to compliance and transparency, assuring that all material information has been disclosed as required.

Schneider Electric President Systems Ltd has announced the closure of its trading window for the first quarter ended June 30, 2026. Effective from July 01, 2026, the window will remain shut until 48 hours after the declaration of the standalone unaudited financial results for the said quarter. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal PIT Code, restricting designated persons and their immediate relatives from trading in the company's securities during this period. The date of the board meeting to approve these results will be communicated separately.