ABB India Limited has received a significant customs penalty order from regulatory authorities, prompting the company to make mandatory disclosures to stock exchanges under SEBI regulations. The engineering and technology company disclosed the development through official communication dated April 01, 2026.

Penalty Details and Financial Impact

The Commissioner of Customs, APACC, Bengaluru, has imposed substantial financial penalties on ABB India through an order dated March 26, 2026. The total financial implication amounts to ₹14.55 crore across two components.

Nature of Alleged Violations

The customs order addresses specific contraventions related to the company's import activities. The regulatory action stems from alleged misclassification of goods and contravention of provisions under the Customs Act, 1962. The company received the official order on April 01, 2026, six days after it was issued by the customs authority.

Company's Response and Legal Strategy

ABB India has outlined its approach to addressing the customs penalty order through official channels. The company plans to challenge the ruling through the established appellate process available under customs regulations.

Key Response Elements:

• Filing an appeal against the customs order
• Confidence in achieving favorable outcome at appellate level
• Assessment that order will not materially impact company operations
• Compliance with SEBI disclosure requirements under Regulation 30

Regulatory Compliance and Disclosure

The company has fulfilled its obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both BSE Limited and National Stock Exchange of India about the customs penalty order. Company Secretary and Compliance Officer Trivikram Guda signed the official disclosure, ensuring transparency with stakeholders and regulatory authorities.

The disclosure includes comprehensive details as required under Clause 20 of Para A of Part A of Schedule III of the SEBI regulations, providing investors and market participants with complete information about the regulatory development and its potential implications for the company's operations.

ABB India Limited has received a customs penalty order from the Office of the Principal Commissioner of Customs, Bangalore, imposing financial penalties totaling Rs 19,45,303. The company disclosed this development to stock exchanges on March 25, 2026, in compliance with SEBI listing regulations.

Penalty Details and Violations

The customs authority has imposed penalties under Section 114A of the Customs Act, 1962, citing mis-declaration of goods value and contraventions of customs provisions. The penalty structure includes two components as detailed below:

Authority and Timeline

The order originated from the Office of the Principal Commissioner of Customs Airport & Air Cargo Commissioner located in Devanahalli, Bengaluru. The company received the order dated March 24, 2026, on the same day it was issued, demonstrating the immediate nature of the regulatory communication.

Company Response and Appeal Plans

ABB India has indicated its intention to challenge the customs order through the appellate process. The company's assessment suggests confidence in overturning the penalty at higher judicial levels. Management has stated that based on their evaluation, they do not reasonably expect the order to have any material impact on company operations or financial performance.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Company Secretary and Compliance Officer Trivikram Guda signed the regulatory filing, ensuring compliance with mandatory disclosure requirements for listed entities. The company provided detailed information as required under Schedule III of the SEBI regulations, including authority details, violation specifics, and potential business impact assessment.