ABB India Limited has filed its annual disclosure under the SEBI Large Corporate framework, confirming that it does not qualify as a Large Corporate entity for the financial year ended December 31, 2025. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on January 13, 2026, in compliance with SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021.

Key Financial Position

The company's disclosure reveals its strong financial standing with specific metrics outlined in the mandatory format. ABB India reported nil outstanding borrowings as of December 31, 2025, indicating a debt-free position during the reporting period.

Credit Rating and Compliance Status

ABB India maintained its highest credit rating of CRISIL AAA during the previous financial year, reflecting the company's strong creditworthiness and financial stability. The AAA rating represents the highest level of safety regarding timely servicing of financial obligations and carries the lowest credit risk.

Large Corporate Framework Exemption

The company explicitly confirmed that it does not meet the applicability criteria for classification as a Large Corporate under Chapter XII of SEBI's operational circular dated August 10, 2021. Consequently, the annual disclosure requirements specified in Annexure-B2 for Large Corporate entities are not applicable to ABB India Limited.

Regulatory Compliance

The disclosure was signed by Company Secretary Trivikram Guda and Chief Financial Officer T K Sridhar, ensuring proper authorization and compliance with regulatory requirements. The submission fulfills ABB India's obligation to provide transparency regarding its borrowing framework status under SEBI's Large Corporate guidelines for fund raising through debt securities.

ABB India Limited has received a penalty order from the Karnataka tax authorities, imposing a fine of ₹32.07 lakh for alleged tax-related violations. The company disclosed this development to stock exchanges under regulatory compliance requirements on December 30, 2025.

Penalty Details and Authority

The penalty order was issued by the Deputy Commissioner of Commercial Taxes (LTU-3), Karnataka, under Section 73 of the CGST Tax Act, 2017. The following table summarizes the key details of the penalty:

Company's Response and Next Steps

ABB India has indicated its intention to challenge the penalty order through the appellate process. Based on the company's assessment, an appeal will be filed against the order. The company expressed confidence in achieving a favorable outcome at the appellate level.

The management has stated that it does not reasonably expect the penalty order to have any material impact on the company's financial, operational, or other activities. This assessment suggests that ABB India views the penalty as manageable within its current financial framework.

Regulatory Compliance and Disclosure

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under Clause 20 of Para A of Part A of Schedule III of the listing regulations.

The communication was signed by Trivikram Guda, Company Secretary and Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited. The disclosure ensures transparency with stakeholders regarding regulatory developments that could potentially impact the company.

Impact Assessment

While the penalty represents a regulatory challenge, ABB India's confident stance on appealing the order and its assessment of no material impact suggests the company believes it has strong grounds for challenging the tax authority's decision. The relatively modest size of the penalty compared to the company's scale of operations may also contribute to the limited expected impact on business activities.