Shriram Finance Tax Penalty Drastically Reduced

Shriram Finance received Rectification Orders dated March 30, 2026 from the Commercial Tax Officer, Chennai South, Tamil Nadu, slashing prior penalties.
FY 2018-19 tax demand reduced from Rs.13.03 crore to Rs.70.43 lakh; FY 2019-20 demand reduced from Rs.24.06 crore to Rs.1.02 crore.
The original demands related to erstwhile Shriram City Union Finance Limited, amalgamated with Shriram Finance effective April 1, 2022.
Disclosure made under Regulation 30 of SEBI LODR Regulations, 2015, filed on April 1, 2026.