SRF faces Rs 38.49 Cr customs duty and penalty order from Chennai authority

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SRF · price

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Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹2733.80

prior close

₹2757.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-1.7%+1.3% vs market

Specialty Chemicals peers, median of 86sector-1.3%+0.9% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Midcap 150 and 0.9 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.4

10m

-1.1

15m

-1.3

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4-1.7+1.3-1.3+0.9

Next day

-1.8-1.2-0.6-2.2+0.4

+3.7+0.4+3.3-0.9+4.6

+3.0+0.5+2.5-1.0+4.0

+2.6+0.5+2.1-0.2+2.9

+2.5-0.6+3.1-0.4+2.9

+7.0+2.9+4.1+2.2+4.8

15d

+4.1+2.8+1.3+0.9+3.2

-4.0+2.4-6.3-1.4-2.6

-12.8-9.0-3.8-10.8-2.0

-7.1+3.4-10.5+2.6-9.7

UpDownMarket · Nifty Midcap 150Sector · Specialty Chemicals peers, median of 86Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SRF Limited received an order from the Commissioner of Customs, Chennai-II imposing customs duty and penalty totaling about Rs 38.49 Crores plus interest. The department alleges wrong HSN classification on raw materials and process chemicals, leading to undue FTA benefits and wrongful export incentives. SRF says it will contest the demand as not legally tenable.

Likely market impact

Rs 38.49 Cr potential liability; company to legally contest. Short-term uncertainty until resolution.