SRF Income Tax Demand Reduced to ₹9.46 Crores

NSE/BSE Codes: BSE: 503806, NSE: SRF

Summary of Key Information:

Nature of Event / Disclosure:

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding an update on a pending income tax litigation matter.

Involved Parties / Authorities:

Income Tax Department

Date / Timeline of Event:

• Initial Disclosure Date: April 7, 2026
• Current Disclosure Date: July 27, 2026
• Assessment Year: 2022-23

Brief Description of Outcome / Dispute:

This is a follow-up to a previous disclosure regarding a final assessment order u/s 143(3) of the Income Tax Act, 1961, which contained a technical error resulting in a demand of ₹327.44 crores. The company had filed a rectification application to reverse this demand. The Income Tax Department has now disposed of the rectification application.

Impact of Outcome:

Financial Impact:

The rectification order has resulted in a substantial reduction of the tax demand. The demand has been reduced from ₹327.44 crores to ₹9.46 crores. The remaining demand of ₹9.46 crores is subject to further legal action.

Operational / Business / Strategic Impact:

No material disclosures in this section.

Other Implications:

The rectification order reaffirms the company's position that the original demand of ₹327.44 crores arose due to a technical error.

Next Steps / Required Actions:

The company is analyzing the rectification order to take suitable legal recourse for the remaining demand of ₹9.46 crores.