TRF Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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TRF · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.0%Reaction day

₹296.55

prior close

₹298.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+0.8% vs market

Industrial Products peers, median of 117sector-0.2%+1.2% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 1.2 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.6

10m

-0.0

15m

-0.3

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.0+0.2+0.8-0.2+1.2

Next day

+2.8+1.1+1.7+0.6+2.2

+1.2+1.4-0.1-0.5+1.7

+0.2+0.7-0.5-1.2+1.4

+2.7+0.7+1.9-1.0+3.7

-1.8-1.2-0.6-2.8+1.0

-4.9-3.7-1.2-5.1+0.2

15d

-13.3-9.0-4.3-9.7-3.6

-8.6-6.8-1.7-11.2+2.7

-15.7-7.6-8.1-12.1-3.6

-22.0-12.3-9.7-18.9-3.2

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 117Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

TRF Limited has received a demand order dated December 30, 2025, from the State Tax Officer of Jajpur Circle, Odisha, alleging suppression of taxable turnover and short payment of taxes for the financial year 2021-22. The order imposes a total demand of ₹283.35 lakh covering tax, interest, and penalty. The company has stated it is taking necessary steps to appeal the order before the appropriate authority. The disclosure has been made under Regulation 30 of the SEBI Listing Regulations. As of now, there is no confirmed financial loss, and the matter is pending appeal.

Likely market impact

The demand of ₹283.35 lakh is not material relative to typical corporate scales but is a contingent liability that could affect earnings if the appeal fails. Short-term stock reaction is likely muted, but investors should monitor the outcome of the appeal for any further financial impact.