Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
MRF Limited has made a disclosure to the National Stock Exchange of India Ltd and BSE Limited regarding an ongoing material litigation matter.
Case Details
The matter pertains to Central Sales Tax (CST) assessment for the financial year 2014-15. The original amount involved was ₹91.53 crores.
Recent Development
On a Rectification Application filed by MRF Limited on April 29, 2021, the Deputy Commissioner State Tax, Pala, Kerala has passed a rectification order dated September 30, 2026. The company received this order on October 6, 2026.
Order Impact
The rectification order has reduced the total demand from ₹91.53 crores to ₹36.19 crores, representing a reduction of ₹55.34 crores.
Company Response
The company states that it is examining the order and will take an appropriate decision to challenge the demand.