Styrenix ITAT Deletes INR 13.28 Crore Tax Demand

Nature of the Event

This is a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is informing the exchanges about a final order received from the Income Tax Appellate Tribunal (ITAT).

Background and Chronology

The company had previously intimated the exchanges via a letter dated February 02, 2026, regarding an order passed by the Assessment Unit of the Income Tax Department. The current disclosure is a follow-up to that previous communication.

Details of the Order

The Hon'ble Income Tax Appellate Tribunal (ITAT), Ahmedabad, has passed an order allowing the appeal filed by Styrenix Performance Materials Limited. The appeal was against a tax demand raised by the Assessment Unit for the Assessment Year 2022-23.

The key outcome of the ITAT order is the complete deletion of the tax demand of INR 13.28 crores.

Date of Receipt

The certified copy of the signed ITAT order was received by the company on November 12, 2026.

Financial Impact

As per the disclosure, the order has a positive financial impact on the company. The deletion of the tax demand removes a liability of INR 13.28 crores. The impact is quantifiable and direct.