Announced Mon, 27 Jul · 18:11 IST
SRF income tax demand cut to Rs 9.46 cr from Rs 327.44 cr after rectification
Regulatory & Legal View source PDF
SRF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹2639.00
prior close
₹2656.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.7-1.1-1.1——————————
Up moveDown movePending
AI summary
SRF's income tax demand for Assessment Year 2022-23 has been reduced from Rs 327.44 crores to Rs 9.46 crores after the Income Tax Department accepted the company's rectification application. The department acknowledged that the original demand arose from a technical error. SRF is evaluating further legal recourse for the remaining Rs 9.46 crores still under demand.
Likely market impact
Positive outcome - about 97 percent drop in disputed tax demand, easing the overhang, though a smaller residual amount remains contested.