LG Electronics India Limited has issued an important clarification regarding a customs order disclosure, stating that no differential duty demand has been raised against the company. The clarification was submitted to the National Stock Exchange of India Limited and BSE Limited on January 20, 2026.

Clarification Details

The company clarified its position following a detailed examination of an Order-in-Original (OIO) passed by the Office of Commissioner of Customs (NS-V), Jawaharlal Nehru Custom House, Nhava Sheva, Maharashtra. The key clarification parameters are outlined below:

Regulatory Compliance

The clarification was issued pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced its earlier disclosure dated January 17, 2026, which had intimated the receipt of the customs order.

Key Clarification Statement

Following detailed examination and interpretation of the Order-in-Original, LG Electronics India Limited explicitly stated that no demand of differential duty amounting to ₹119.15 crores has been raised or confirmed against the company. The clarification was signed by Anuj Goyal, Company Secretary and Compliance Officer.

Stakeholder Communication

The company emphasized that this clarification was issued to ensure accurate information is available to stakeholders and the stock exchanges. The communication was addressed to both major Indian stock exchanges where the company's shares are listed - NSE (Symbol: LGEINDIA) and BSE (Scrip Code: 544576).

LG Electronics India Limited announced significant leadership changes following its board meeting on January 16, 2026. The company made two key appointments that will shape its strategic direction and operational leadership in the coming years.

Board Meeting Outcome

The board meeting, which commenced at 4:00 PM IST and concluded at 4:50 PM IST, addressed critical leadership appointments. The decisions were made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company formally communicated these decisions to both NSE and BSE through official correspondence.

Whole-Time Director Re-appointment

Mr. Dongmyung Seo (DIN: 09481866) has been reappointed as Whole-Time Director and Key Managerial Personnel for a further period of four consecutive years, effective from January 27, 2026. This re-appointment is subject to shareholder approval and makes him liable to retire by rotation.

Seo currently serves as the Whole-Time Director and Chief Financial Officer, having been associated with the company since December 31, 2021. He holds a Master's degree in Business Administration from Seoul School of Integrated Sciences & Technologies, Seoul, Korea. His responsibilities encompass managing all financial activities, accounting operations, and overseeing the company's finances, including financial reports. Notably, Seo has extensive experience with the LG group, having been associated since December 19, 1994.

New Chief Strategy Officer Appointment

The board appointed Mr. Jongha Hwang as Chief Strategy Officer and Senior Management Personnel, effective January 16, 2026. Hwang brings substantial expertise to this strategic role, holding a Master's Degree in Business Administration from aSSIST University, South Korea.

Hwang's extensive background includes previous work with LG Electronics Inc. in Korea, where he was responsible for market intelligence and analysis of industry trends aligned with the company's strategic objectives. His appointment reflects the company's focus on strengthening its strategic planning and market analysis capabilities.

Regulatory Compliance and Documentation

The appointments were made in full compliance with regulatory requirements, including detailed disclosures pursuant to SEBI regulations. The company confirmed that Mr. Dongmyung Seo is not debarred from holding the office of Director by virtue of any SEBI order or other regulatory authority. The formal communication was signed by Company Secretary and Compliance Officer Anuj Goyal and submitted to both stock exchanges with reference number LGEIL/CGC/2025-26/26.

These strategic appointments position LG Electronics India Limited to leverage experienced leadership in both financial management and strategic planning as the company continues its operations in the Indian market.