SRF Limited — Others, 17-01-2025: Action(s) taken or orders passed

SRF Limited has received a demand order from the Joint Commissioner, CGST & Central Excise, for approximately ₹85.23 crore in tax related to the procurement of raw materials under Advance Authorization between October 2017 and March 2022. The order includes a penalty equivalent to the tax amount. Despite the demand, the management expresses confidence in contesting it on legal grounds, indicating that the company believes the demand lacks legal merit. Investors might view this situation as a potential risk, but if SRF successfully challenges the order, it could positively impact financial stability.