Announced Fri, 19 Jun · 18:43 IST
Tax demand reduced from Rs 283.35 lakh to Rs 22.30 lakh after appeal
Regulatory & Legal View source PDF
TRF · price
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Price reaction · full curve 14 horizons · vs prior close
+5.8%1-day move
₹235.04
prior close
₹242.80
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.6-2.8-2.9-3.3+5.8+4.5+4.2+1.1+2.1+0.4+7.6-0.5——
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AI summary
TRF Limited received a tax demand of Rs 283.35 lakh from the State Tax Officer, Jajpur, Odisha in December 2025 for FY 2021-22, alleging suppression of taxable turnover. The company appealed, and on June 18, 2026, the Appellate Authority issued a modified order reducing the demand to Rs 22.30 lakh. The company is pursuing further legal remedies against the remaining demand.
Likely market impact
Positive for shareholders. Tax liability cut by over 90 percent from Rs 283.35 lakh to Rs 22.30 lakh, easing cash outflow pressure.