Schneider Electric Infra has received an appeal order from the Joint Commissioner CGST Appeals, Vadodara, confirming a tax demand related to the alleged wrong availment of Input Tax Credit for the financial year 2019-20. The company maintains that there is no material impact on its financials or operations, with the impact limited to the extent of the demand in the appeal order.

Key Points of the Appeal Order

• The appeal order confirms the position taken in the previous order regarding the tax demand.
• The penalty amount in the appeal order differs from the original order, which may require correction.
• Schneider Electric Infra received the appeal order on December 5, 2025, at 12:38 P.M. (IST).

Financial Impact and Company Response

Schneider Electric Infra has stated that there is no material impact on its financials, operations, or other routine business activities. The company emphasizes that the impact will be limited to the extent of the demand in the appeal order.

Recent Financial Performance

Despite the ongoing tax issue, Schneider Electric Infra has shown strong financial performance in recent years. The company's balance sheet data reveals significant growth across various financial metrics:

The company has shown remarkable improvement in its financial position over the past five years, with total assets growing by 68.18% and total equity increasing significantly from ₹3.5 crore to ₹561.9 crore.

Conclusion

While Schneider Electric Infra faces a confirmed tax demand from the GST authorities, the company maintains that this will not materially impact its financial health or operations. The strong growth in assets and equity over recent years suggests that the company is in a robust financial position to manage this tax-related challenge.

Schneider Electric Infrastructure Limited has announced significant changes to its board composition and director remuneration through a postal ballot notice. The company is seeking shareholder approval for the appointment of two new Non-Executive Independent Directors and an increase in commission for Non-Executive Independent Directors.

Proposed Board Appointments

The company plans to appoint Dr. Shalini Sarin (DIN: 06604529) and Mr. Sundaram Damodarannair (DIN: 00016304) as Independent Directors for a three-year term from October 24, 2025 to October 23, 2028. Both appointments require special resolution approval from shareholders.

Dr. Sarin, 60, brings extensive experience in human resources, sustainable business practices, and leadership development. She has previously served as the global CHRO for Philips Professional Lighting and CHRO for Schneider Electric South Asia. Mr. Damodarannair, 72, is a seasoned professional with expertise in corporate finance, business performance, mergers and acquisitions, governance, and strategy. He has held significant roles, including serving as the Chief Finance Officer of Hindustan Unilever Limited from 1999 to 2008.

Increased Remuneration for Independent Directors

Schneider Electric Infrastructure is also proposing to increase the commission payment to Non-Executive Independent Directors from INR 5.00 lakh to INR 10.00 lakh per annum. This proposal requires approval through an ordinary resolution.

The company stated that the increase in remuneration reflects the increased involvement, time commitment, and valuable contributions of Independent Directors towards strategic oversight and governance.

Voting Details

The e-voting period for these proposals runs from November 12, 2025 to December 11, 2025, with results to be announced by December 15, 2025. The company has engaged the services of National Securities Depository Limited (NSDL) to provide electronic voting facilities to its members.

Key Information

Shareholders are encouraged to participate in the e-voting process to voice their opinions on these significant corporate governance matters. The company views these changes as steps towards strengthening its board and recognizing the contributions of its Independent Directors.