SRF Limited — Others, 17-06-2025: Action(s) taken or orders passed

SRF Limited has announced that the appellate authority has set aside a demand and penalty totaling approximately Rs. 85.23 Cr related to ineligible IGST refund claims on exports between October 2017 and March 2022. This dispute arose from an earlier order imposing the demand and penalty, but the company’s appeal was successful, resulting in no financial impact on operations or liabilities. This resolution removes a significant contingency, providing clarity and relief to the company and its stakeholders.