Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations 2015 - The Company has received the order from Assistant Commissioner CGST & Central Excise, Raipur for the FY 2021-22 for Tax and Penalty
REFEX · price
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Awaiting price reaction for this filing.
Refex Industries has received an order from the Assistant Commissioner of CGST & Central Excise, Raipur, pertaining to the financial year 2021-22. The order relates to a tax demand along with a penalty, though the exact amounts have not been disclosed in the headline. The filing has been made under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30), as the company is required to inform the stock exchanges about such material developments. Shareholders would need to watch for further details in the full disclosure or the company's quarterly filing.
Tax and penalty orders from excise authorities can create a short-term negative sentiment and may impact the company's financials if the amounts are material. The stock could see mild pressure until the quantum of the demand is disclosed and the company's response (payment, appeal, or contesting) becomes clear.