SRF Limited has informed the Exchange about Action(s) taken or orders passed
SRF · price
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Awaiting price reaction for this filing.
SRF Limited has received a demand order from the Joint Commissioner, CGST Commissionerate, Dehradun dated December 29, 2025. The tax authority has asked the company to reverse Input Tax Credit (ITC) of approximately Rs. 15.76 Crores related to an exempted supply arising from a slump sale of a business unit, and also due to non-filing of returns by a supplier. Applicable interest and a penalty equal to the tax amount have also been imposed. The total potential exposure including tax, interest and penalty is significant. The company has stated that based on legal advice, it believes the demand is not legally tenable and will contest it before the appropriate legal forums.
Short-term sentiment may be mildly negative due to the tax demand and penalty, but since the company is confident of contesting successfully, the long-term impact is likely limited unless the order is upheld. Shareholders should monitor the progress of the legal challenge.