MRF Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
MRF · price
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On the reaction day the stock moved 0.2 pts less than Nifty Midcap 150 and 0.3 pts less than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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MRF Limited has won its appeal before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai, in a long-running tax dispute. The case stemmed from a May 2023 order by the Commissioner of GST & Central Excise, Chennai, which challenged MRF's valuation of goods and raised a duty demand of Rs. 221.31 Crores. MRF had filed an appeal in September 2023, and after multiple hearings, CESTAT delivered its final order on 16.03.2026 allowing the appeal with full consequential relief in MRF's favour. The order was uploaded on the CESTAT portal on the same day.
This is a major positive for MRF shareholders as it eliminates a Rs. 221.31 Crore contingent tax liability and removes an overhang on the stock. The favorable ruling from CESTAT should be viewed as a relief by the market.