SRF Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
SRF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SRF Limited has disclosed a pending income tax dispute for Assessment Year 2022-23. The Income Tax Department's final assessment order added Rs 30.54 crores to the company's taxable income, but due to a technical error, a total demand of Rs 327.44 crores was raised (which includes Rs 101.77 crores in interest). The company filed a rectification application on 10 March 2026 and an appeal before the Income Tax Appellate Tribunal (ITAT) on 19 March 2026. Management believes the demand is not legally sustainable and is confident the entire amount will be reversed once the error is corrected. The company states there is no immediate impact on its financial, operational, or other activities, and the disclosure is being made voluntarily as a matter of transparency.
The headline number of Rs 327 cr is inflated by a technical error — actual tax additions are only Rs 30.54 cr. Since management is contesting and expects reversal, near-term business impact is likely limited, but investors should watch for ITAT updates as any adverse ruling could materially affect the stock.