Redington Limited has informed the Exchange about Action(s) taken or orders passed
REDINGTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Redington Limited has received a favourable order from the Commissioner of Income Tax (Appeals) dated 10 February 2026, quashing a tax demand of INR 136.25 Crore for Assessment Year 2021-22. The original demand was raised by the Assessing Officer and intimated to the stock exchange on 29 December 2023. The company contested the demand before appellate authorities and has now won the appeal. The company has stated the financial impact on operations is NIL, as no liability now stands.
This is a positive development for Redington shareholders — the quashing of a Rs 136.25 Crore tax demand removes a significant contingent liability from the company's books. It removes uncertainty around a large potential outflow and should be viewed favourably by the market.