LG Electronics India Receives ₹573 Crore Tax Assessment OrderLG Electronics India Receives ₹573 Crore Tax Assessment Order

Introduction:

Leading home appliances and consumer electronics manufacturer disclosed receipt of a draft assessment order from the Income Tax Department with disallowances amounting to ₹572.8 crore for FY 2022-23.

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Share Price Movement for 

On March 24, 2026, LG Electronics Ltd opened at ₹1,521.70, up 2.62% from its previous close of ₹1,482.80. The stock reached a high of ₹1,521.70 (2.62%) and a low of ₹1,470.40. By 4:00 PM, it traded at ₹1,484.43, a 0.11% increase, with a market cap of ₹1,01,103.15 crore.

Draft Tax Order Received

LG Electronics India Limited received a draft assessment order dated March 22, 2026 under Section 144C of the Income Tax Act, 1961 from the Assessment Unit of the Income Tax Department. The order pertains to FY 2022-23 and includes total disallowances amounting to ₹5,728 million (₹572.8 crore).

The disallowance amount includes transfer pricing adjustments of ₹2,168.90 million (₹216.9 crore) which are covered under an Advance Pricing Agreement and would become nil. The company stated there is no financial or operational impact due to this draft assessment order.

LG Electronics India will file its objections before the Dispute Resolution Panel against the draft assessment order. No penalty, restriction, or sanction has been imposed pursuant to this communication.

Stock performance of LG Electronics  for Period of 1 week, 6 months, and 1 year

LG Electronics Ltd delivered a 1-week return of -5.09%, while 6-month and 1-year return data are unavailable.

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Shareholding pattern of LG Electronics

Particulars	Dec 2025	Oct 2025
Promoter	85%	85%
FII	3%	2.90%
DII	7.20%	4.40%
Public	4.90%	7.70%

About LG Electronics

LG Electronics India Ltd (NSE: LGEINDIA) is a leading manufacturer and distributor of home appliances and consumer electronics, holding the number one market share in washing machines, refrigerators, and air conditioners.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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