Hot Pursuit

17-Sep-2026, 05:26

Schneider Electric President Systems Limited has received a refund sanction order of Rs 2,96,303 from the GST Authorities, following a favourable appellate order received on May 11, 2026, related to a pre-deposit made for filing an appeal. The refund, pertaining to fiscal year 2019-20, has been credited to the company's electronic credit ledger and does not have any adverse impact on its financial, operational, or other activities, according to a filing on September 16, 2026. The company previously disclosed on May 12, 2026, an appellate order that set aside a demand of Rs 58,25,872.