Schneider Electric President Systems Ltd

Schneider Electric President Systems Ltd has received a Summary of Order regarding an Order-in-Original (OIO) passed under the Central Goods and Services Tax Act, 2017. The order pertains to the availment of Input Tax Credit (ITC) on certain reverse charge mechanism (RCM) transactions from the pre-GST period. The company has been confirmed a demand of ITC amounting to ₹5,39,195, along with interest of ₹8,20,050 and a penalty of ₹57,561, totaling ₹14,16,806. The company believes it has grounds to contest the order and is evaluating legal remedies, including an appeal. Schneider Electric does not anticipate a material impact on its financials or operations.

Schneider Electric President Systems Ltd has received an Order-in-Original (OIO) under Section 73(9) of the Central Goods and Services Tax Act, 2017. The order relates to the availment of Input Tax Credit (ITC) on certain reverse charge mechanism (RCM) transactions from the pre-GST period (July 2017 to March 2018). The authority has confirmed a demand of ₹5,39,195 towards ITC, imposed applicable interest, and levied a penalty of ₹57,561, totaling ₹5,96,756. The company alleges inadmissible availment of ITC for services received from December 2016 to June 2017. Schneider Electric President Systems Ltd does not anticipate any material impact on its financials or operations and intends to contest the order through appropriate legal remedies.

Schneider Electric President Systems Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in anticipation of the standalone unaudited financial results for the second quarter and half-year ended September 30, 2026. The trading window will be shut from October 01, 2026, and will reopen 48 hours after the declaration of these financial results. The exact date of the board meeting to approve these results will be communicated later.

Schneider Electric President Systems Ltd has received a Refund Sanction Order for INR 2,96,303/- from the GST Authorities. This refund is consequential to a favorable appellate order dated May 11, 2026, where the demand of INR 58,25,872/- was set aside. The refund has been credited to the company's electronic credit ledger and does not have any adverse impact on its financial or operational activities. The company had previously communicated the appellate order on May 12, 2026.

Schneider Electric President Systems Ltd has submitted a revised Annual Report for the financial year 2025-26. The revision was made to correct broken links in the non-statutory section (Page 10) of the report. No other content changes were made. The revised report is available on the company's website. Key financial highlights for FY26 include Revenue from operations of ₹3,842.25 Mn, EBITDA of ₹491.91 Mn, Profit after Tax of ₹377.29 Mn, and Earnings per share of ₹31.19. The order book stands at ₹4,780 Mn. The company emphasizes its role in engineering critical environments for India's digital transformation.

Schneider Electric President Systems Ltd has informed shareholders about the dispatch of letters containing a web link to the Annual Report for FY 2025-26. This communication is directed towards shareholders whose email addresses are not registered. The company is also preparing for its 42nd Annual General Meeting (AGM) on September 24, 2026, to be held via video conferencing. The Annual Report and AGM notice have been electronically sent to members with registered email addresses. Shareholders with physical shares are urged to update KYC details and dematerialize their holdings, with a special window available for transfer and dematerialization of physical securities.

Schneider Electric President Systems Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report, which includes an Independent Auditors’ Assurance Report from Nangia Andersen LLP, details the company's corporate identity, business activities, operations, and employee data. The company's primary business activity is the manufacturing of enclosure systems for IT and Telecom infrastructure, accounting for 93.44% of its turnover. The BRSR also confirms the company's presence across 23 states nationally and 17 countries internationally, with exports contributing 27.40% to its total turnover.

Schneider Electric President Systems Limited has announced its 42nd Annual General Meeting (AGM) will be held on Thursday, September 24, 2026, at 3:30 p.m. IST via Video Conferencing. The company has also released its Annual Report for FY 2025-26, including the Business Responsibility and Sustainability Report. Key agenda items include the adoption of audited financial statements for FY 2025-26, the re-appointment of Ms. Chitra Sukumar as a Non-Executive Director, and the re-appointment of M/s. S N Dhawan & CO LLP as Statutory Auditors for a second five-year term. The e-voting period will commence on September 21, 2026, and close on September 23, 2026.

Schneider Electric President Systems Limited has announced its 42nd Annual General Meeting (AGM) will be held on Thursday, September 24, 2026, at 3:30 p.m. IST via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting will transact business including the adoption of audited financial statements for FY 2025-26, re-appointment of Ms. Chitra Sukumar as Non-Executive Director, and re-appointment of M/s. S N Dhawan & CO LLP as Statutory Auditors. The Notice of AGM and Annual Report for FY 2025-26, including the Business Responsibility and Sustainability Report, were dispatched on September 01, 2026, to shareholders who had registered their email addresses by August 21, 2026. The Annual Report is also available on the company's website.

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).