SRF Limited — Others, 04-02-2025: Action(s) initiated or orders passed

SRF Limited has announced a board meeting regarding a demand for IGST of ₹7.71 crore related to its R&D center in Bhiwadi, where the company allegedly failed to raise cross charge invoices for services provided to its Dahej plant from July 2017 to March 2021. The company has contested the demand, claiming it is erroneous and has already deposited the amount under protest. The management remains confident that the demand is not legally sound and plans to challenge it in court. This situation presents potential legal risks but also an opportunity for SRF to clarify its compliance processes, which could positively influence investor sentiment.