NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company27 Jul 2026 · 27 Jul 2026, 06:11 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
SRF Limited · SRF
✦ AI SummaryLitigation
SRF Limited has informed the Exchange about the pendency of litigation/dispute having a potential impact on the Company. The Income Tax Department had issued a final assessment order u/s 143(3) containing a technical error, resulting in a demand of Rs 327.44 crores. The Company had filed a rectification application, which has now been disposed off, reducing the demand to Rs 9.46 crores. The Company is analysing the order to take suitable legal recourse for the remaining amount.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact7/10
Market Sentiment5/10
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SRF Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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The Corporate Relationship Department, National Stock Exchange of India Limited
BSE Limited “Exchange Plaza”
1st Floor, New Trading Ring Rotunda Building, P.J. Bandra-Kurla Complex
Towers Bandra (E)
Dalal Street, Mumbai 400 051
Mumbai 400 001
Scrip Code- 503806 Scrip Code-SRF
SRF/SEC/BSE/NSE 27.07.2026
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
Dear Sir,
This is in continuation of our earlier disclosure dated April 7, 2026 under Schedule III, Part A, Para B, Clause 8 of
the SEBI (LODR) Regulations, 2015 regarding the pendency of litigation/dispute having a potential impact on the
Company.
The said disclosure intimated that the Income Tax Department had issued a final assessment order u/s 143(3),
and other applicable provisions of Income Tax Act, 1961 containing a technical error therein which resulted in a
demand of Rs 327.44 crores and that the Company had filed a rectification application to reverse the same.
In this regard, we would like to inform you of the following development in the matter:
Assessment Year 2022-23
a. the details of any change in the status and / The rectification application filed by the Company to correct
or any development in relation to such the technical error which had resulted in a demand of Rs.
proceedings; 327.44 Crores, has now been disposed off by the Income
Tax Department.
Pursuant to the rectification order now received, the demand
has been reduced from Rs. 327.44 crores to Rs. 9.46 crores.
The rectification order reaffirms the Company's position that
the original demand had arisen on account of a technical
error.
The Company is analysing the aforesaid order to take
suitable legal recourse for the remaining amount of demand.
b. in the case of litigation against key Not Applicable
management personnel or its promoter or
ultimate person in control, regularly provide
details of any change in the status and / or
any development in relation to such
proceedings;
c. in the event of settlement of the proceedings, Not Applicable
details of such settlement including - terms of
the settlement, compensation/penalty paid (if
any) and impact of such settlement on the
financial position of the listed entity.
Kindly take this intimation on record.
Thanking you,
Yours faithfully,
For SRF Limited
Rajat Lakhanpal
Sr. Vice President (Corporate Compliance) & Company Secretary