Announced Fri, 19 Jun · 19:05 IST
Tax demand reduced from Rs 283.35 lakh to Rs 22.30 lakh after appeal
Regulatory & Legal View source PDF
TRF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.8%1-day move
₹235.04
prior close
₹242.80
base price
After-mkt
timing
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——
Up moveDown movePending
AI summary
TRF Limited had received a demand order of Rs 283.35 lakh from the State Tax Officer, Jajpur, Odisha for FY 2021-22 over alleged suppression of taxable turnover. The company appealed, and on June 18, 2026 received a modified order reducing the demand to Rs 22.30 lakh, a reduction of about 92 percent. The company is now exploring further legal remedies against the remaining demand.
Likely market impact
Positive update as the disputed tax demand fell sharply, but a residual demand of Rs 22.30 lakh remains under further challenge.