NSEAction(s) taken or orders passed30 Sept 2026 · 30 Sept 2026, 07:31 pm
Action(s) taken or orders passed
Shriram Finance Limited · SHRIRAMFIN
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Shriram Finance Limited has received a penalty order from the Income Tax Department for Rs.67,90,07,293/- for Assessment Year 2009-10. The company claims to have strong merits in its case and a fair chance of succeeding in getting the demand quashed in appellate proceedings.
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Shriram Finance Limited has informed the Exchange about Action(s) taken or orders passed by Office of Assessment Unit of Income Tax Department
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September 30, 2026
BSE Limited National Stock Exchange of India Limited
P. J. Towers, Listing Department
Dalal Street, Fort, Exchange Plaza, 5th Floor,
Mumbai – 400 001 Plot no. C/1, G- Block,
Scrip Code: 511218 Bandra-Kurla Complex,
Mumbai – 400 051
NSE Symbol: SHRIRAMFIN
Dear Sir/Madam,
Sub.: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (‘Listing Regulations’)
Pursuant to Regulation 30 of the Listing Regulations, we inform you that the Company has
received Order dated September 29, 2026 from Office of Assessment Unit of Income Tax
Department, levying penalty of Rs.67,90,07,293/- for Assessment Year 2009-10. Penalty
has been levied under Section 271(1)(c) of the Income Tax Act, 1961.
Disclosure as required under sub-para 20(b) of Para A of Part A of Schedule III to
Regulation 30 of the Listing Regulations read with SEBI Master Circular No.:
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026:
Sr. Particulars Details
1 Name of the authority Assessment Unit, Income Tax Department
2 Nature and details of the action(s) Order under Section 271(1)(c) of the Income
taken or order(s) passed Tax Act, 1961, levying penalty of
Rs.67,90,07,293/- for Assessment Year 2009-
3 Date of receipt of direction or September 29, 2026
order, including any ad-interim or
interim orders, or any other
communication from the
authority
Shriram Finance Limited
Corporate Office: Wockhardt Towers, Level -III, West Wing, C-2, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra. Ph: +91 22 4095 9595
Registered Office. Sri Towers, Plot No.14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu, India. Tel: +91 44 485 24 666
Email: secretarial@shriramfinance.in I Website: www.shriramfinance.in I Corporate Identity Number (CIN) — L65191TN1979PLC007874
Sr. Particulars Details
4 Details of the violation(s)/ Incorrect claim of deduction of
contravention(s) committed or Rs.199,76,67,825/- which resulted in
alleged to be committed reduction of Company’s taxable income for
the Assessment Year 2009-10
5 Impact on financial, operation or There is no material impact on financial,
other activities of the listed entity, operation or other activities of the Company.
quantifiable in monetary terms to
the extent possible The Company has strong merits in its case and
fair chance of succeeding in getting the
demand quashed in the appellate proceedings
against demand order no.
ITBA/PNL/F/271(1)(c)/2026-
27/1094056240(1) dated September 29, 2026.
The Company will file an appeal before the
first Appellate Authority within prescribed
time limit.
This event/information occurred on September 29, 2026 at 8.46 p.m.
Kindly take the same on record.
Thanking you,
Yours faithfully,
for SHRIRAM FINANCE LIMITED
U BALASUNDARARAO
COMPANY SECRETARY & CHIEF COMPLIANCE OFFICER
Shriram Finance Limited
Corporate Office: Wockhardt Towers, Level -III, West Wing, C-2, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra. Ph: +91 22 4095 9595
Registered Office. Sri Towers, Plot No.14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu, India. Tel: +91 44 485 24 666
Email: secretarial@shriramfinance.in I Website: www.shriramfinance.in I Corporate Identity Number (CIN) — L65191TN1979PLC007874