Styrenix Performance Materials Limited has informed the Exchange about Action(s) taken or orders passed by the Assessment Unit, Income Tax Department.
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Styrenix Performance Materials has received an assessment order from the Income Tax Department's Assessment Unit under the faceless assessment framework for Assessment Year 2024-25. The department has raised a tax demand of approximately ₹2.14 crore (INR 2,14,44,080). The order was received on March 25, 2026. The company has stated that this order has no material impact on its financial position, operations, or other activities. It plans to appeal the order before the Commissioner of Income Tax (Appeals) within the prescribed timelines.
The tax demand of ₹2.14 crore is relatively small for the company and is not considered material. Investors should note that the company is contesting the order through the appellate process, so the final financial impact remains uncertain until the appeal is resolved.