LG Electronics India Limited has received a significant customs order demanding differential duty payments and imposing substantial penalties related to digital signage imports. The company disclosed this development under Regulation 30 of SEBI Listing Regulations on January 30, 2026.

Customs Order Details

The Office of the Commissioner of Customs (Adjudication), Mumbai, issued Order No. 50/DSR(50)/CC(ADJN.)/MUMBAI/2025-26 dated January 29, 2026. The order addresses the denial of customs duty exemption benefits in respect of the import of digital signage and its parts.

Financial Impact Breakdown

The customs order imposes multiple financial obligations on the company:

The differential duty amounting to Rs 31,69,58,686 was imposed under Section 28(8) of the Customs Act 1962. However, after deducting voluntary payments already made by the company, the actual outstanding demand stands at Rs 27,40,62,374.

Additional Penalties and Fines

Beyond the differential duty demand, the customs order imposes several additional financial penalties:

The penalty under Section 114A includes applicable interest, while the total penalty burden reaches Rs 46,69,58,686 excluding the differential duty demand.

Company's Response and Future Actions

LG Electronics India Limited received the customs order on January 30, 2026. According to the company's management assessment, the matter is not expected to have any impact on the operation or other activities of the company.

The company has announced its intention to file an appeal before the appellate or judicial authorities to contest the customs order. This legal recourse demonstrates the company's commitment to challenging what it may consider an unfavorable ruling.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations, specifically under Clause 20 of Para A of Part A of Schedule III. This regulation requires listed companies to inform stock exchanges about material events that could impact their operations or financial position.

The company communicated this development to both the National Stock Exchange of India Limited and BSE Limited, maintaining transparency with investors and regulatory authorities regarding this significant customs matter.

LG Electronics India Limited has announced a board meeting to review its quarterly financial performance, marking an important milestone in the company's regulatory compliance and investor communication process.

Board Meeting Details

The company has scheduled a board meeting for Wednesday, February 11, 2026, in accordance with regulatory requirements. The meeting agenda includes consideration and approval of crucial financial documents for the reporting period.

Trading Window Restrictions

The company has implemented trading restrictions as part of its insider trading prevention measures. These restrictions affect designated persons and their immediate relatives, ensuring compliance with market regulations.

Regulatory Compliance

The announcement demonstrates the company's adherence to regulatory frameworks governing listed entities. The intimation was made pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates timely disclosure of board meetings to stock exchanges.

Company Information

LG Electronics India Limited operates from its corporate office located at the 16th to 20th Floor, C-001, Tower D, KK Project, Sector-16 B, Noida - 201301, Dist. Gautam Buddha Nagar, UP. The company maintains its investor relations through designated communication channels and continues to fulfill its obligations as a publicly listed entity.

The announcement was signed by Anuj Goyal, Company Secretary and Compliance Officer, on January 29, 2026, and communicated to both the National Stock Exchange of India Limited and BSE Limited.