Refex Industries Limited has made a disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, referencing SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The company received an intimation dated December 16, 2025, from the Assistant Commissioner, CGST & Central Excise, Raipur, for the Financial Year 2021–22. This intimation involved a total demand of ₹35,29,002/-, comprising a tax liability of ₹31,90,002/- and a penalty of ₹3,39,000/-.
The company filed an appeal before the Joint Commissioner (Appeals), Central GST (Appeals), Raipur, Chhattisgarh (Appellate Authority) challenging this demand.
The Appellate Authority, after considering the company's submissions, has quashed the entire GST demand of ₹35,29,002/- that was originally raised by the Assistant Commissioner.
The company received the formal order from the Appellate Authority on June 02, 2026. As a result of this order, the previously disclosed tax demand of approximately ₹35,29,002 stands nullified.