diff --git a/erpnext/stock/doctype/serial_and_batch_bundle/test_serial_and_batch_bundle.py b/erpnext/stock/doctype/serial_and_batch_bundle/test_serial_and_batch_bundle.py
index af415161135..5d2c919c314 100644
--- a/erpnext/stock/doctype/serial_and_batch_bundle/test_serial_and_batch_bundle.py
+++ b/erpnext/stock/doctype/serial_and_batch_bundle/test_serial_and_batch_bundle.py
@@ -711,6 +711,7 @@ class TestSerialandBatchBundle(ERPNextTestSuite):
 
 	def test_serial_and_batch_bundle_company(self):
 		from erpnext.stock.doctype.purchase_receipt.test_purchase_receipt import make_purchase_receipt
+		from erpnext.stock.services.serial_batch_bundle_service import SerialBatchBundleService
 
 		item = make_item(
 			"Test Serial and Batch Bundle Company Item",
@@ -748,6 +749,19 @@ class TestSerialandBatchBundle(ERPNextTestSuite):
 		sn_doc = add_serial_batch_ledgers(entries, item_row, pr, "_Test Warehouse - _TC")
 		self.assertEqual(sn_doc.company, "_Test Company")
 
+		pr.company = "_Test Company 1"
+		for fieldname in ("serial_and_batch_bundle", "rejected_serial_and_batch_bundle"):
+			item_row.serial_and_batch_bundle = None
+			item_row.rejected_serial_and_batch_bundle = None
+			item_row.set(fieldname, sn_doc.name)
+
+			with self.subTest(fieldname=fieldname):
+				with self.assertRaisesRegex(
+					frappe.ValidationError,
+					"Company _Test Company 1 does not match with the company _Test Company",
+				):
+					SerialBatchBundleService(pr).validate_warehouse_of_sabb()
+
 	def test_auto_cancel_serial_and_batch(self):
 		item_code = make_item(
 			properties={"has_serial_no": 1, "serial_no_series": "ATC-TT-SER-VAL-.#####"}
@@ -1635,6 +1649,10 @@ def make_serial_batch_bundle(kwargs):
 	if kwargs.get("posting_date"):
 		posting_datetime = combine_datetime(kwargs.posting_date, kwargs.posting_time or nowtime())
 
+	company = kwargs.get("company")
+	if not company and kwargs.get("warehouse"):
+		company = frappe.get_cached_value("Warehouse", kwargs.warehouse, "company")
+
 	sb = SerialBatchCreation(
 		{
 			"item_code": kwargs.item_code,
@@ -1647,7 +1665,7 @@ def make_serial_batch_bundle(kwargs):
 			"batches": kwargs.batches,
 			"serial_nos": kwargs.serial_nos,
 			"type_of_transaction": type_of_transaction,
-			"company": kwargs.company or "_Test Company",
+			"company": company or "_Test Company",
 			"do_not_submit": kwargs.do_not_submit,
 			"ignore_sabb_validation": kwargs.ignore_sabb_validation or False,
 		}
diff --git a/erpnext/stock/services/serial_batch_bundle_service.py b/erpnext/stock/services/serial_batch_bundle_service.py
index 3d394b4c72f..cb5d457d06a 100644
--- a/erpnext/stock/services/serial_batch_bundle_service.py
+++ b/erpnext/stock/services/serial_batch_bundle_service.py
@@ -32,25 +32,37 @@ class SerialBatchBundleService:
 		self.doc = doc
 
 	def validate_warehouse_of_sabb(self):
-		if self.doc.is_internal_transfer():
-			return
-
+		is_internal_transfer = self.doc.is_internal_transfer()
 		doc_before_save = self.doc.get_doc_before_save()
+		bundle_details = {}
 
 		for row in self.doc.items:
-			if not row.get("serial_and_batch_bundle"):
-				continue
+			for fieldname in ("serial_and_batch_bundle", "rejected_serial_and_batch_bundle"):
+				bundle = row.get(fieldname)
+				if not bundle:
+					continue
 
-			sabb_details = frappe.db.get_value(
-				"Serial and Batch Bundle",
-				row.serial_and_batch_bundle,
-				["type_of_transaction", "warehouse", "has_serial_no"],
-				as_dict=True,
-			)
+				if bundle not in bundle_details:
+					bundle_details[bundle] = frappe.db.get_value(
+						"Serial and Batch Bundle",
+						bundle,
+						["company", "type_of_transaction", "warehouse", "has_serial_no"],
+						as_dict=True,
+					)
+
+				sabb_details = bundle_details[bundle]
+				if sabb_details and sabb_details.company != self.doc.company:
+					frappe.throw(
+						_(
+							"Row #{0}: Company {1} does not match with the company {2} in Serial and Batch Bundle {3}."
+						).format(row.idx, self.doc.company, sabb_details.company, bundle)
+					)
+
+			sabb_details = bundle_details.get(row.get("serial_and_batch_bundle"))
 			if not sabb_details:
 				continue
 
-			if sabb_details.type_of_transaction != "Outward":
+			if is_internal_transfer or sabb_details.type_of_transaction != "Outward":
 				continue
 
 			warehouse = row.get("warehouse") or row.get("s_warehouse")