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.
On the reaction day the stock moved 0.9 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.
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SRF Limited has informed exchanges of a favourable development in an ongoing income tax dispute. The company had challenged a tax demand of Rs. 130.73 Crores raised by the Assessing Officer (CPC) for Assessment Year 2021-22 by filing an appeal before the Commissioner of Income Tax (Appeals). On 11 July 2025, the CIT(A) allowed the company's appeal under Section 250 of the Income Tax Act, 1961, effectively setting aside the demand. This is an update to the company's earlier disclosure dated 14 August 2023. No settlement, penalty payment, or financial impact is mentioned as the appeal was decided in SRF's favour.
Positive for shareholders – SRF has successfully defended itself against a sizeable Rs. 130.73 Crore tax demand, eliminating a potential financial liability. This favourable ruling removes uncertainty around the matter and may be viewed positively by the market.