Disclosure under Regulation 30 of SEBI LODR Regulations, 2015

Background and Previous Disclosure

  • On December 31, 2025, TRF Limited received a Demand Order dated December 30, 2025, from the State Tax Officer, Jajpur Circle, Jajpur, Odisha
  • The original demand was for an aggregate amount of ₹283.35 lakh
  • The demand was for alleged suppression of taxable turnover leading to short payment of taxes for the period FY 2021-22
  • Based on management assessment and legal advice, the company filed an appeal against the demand with the appropriate Appellate authority

Latest Update

  • On June 18, 2026, the company received a modified Demand Order dated June 17, 2026
  • The Appellate authority has reduced the demand amount from ₹283.35 lakh to ₹22.30 lakh for the same period (FY 2021-22)
  • The reduction followed the company's submissions and justifications provided to the Appellate authority

Current Status and Future Actions

  • The company is pursuing further legal remedies against the current reduced demand of ₹22.30 lakh
  • The financial impact of the reduced demand is quantified at ₹22.30 lakh