MRF Limited — Others, 05-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

MRF Limited has announced a favorable court ruling in a long-standing litigation concerning the eligibility of Modvat credit on imports under the Value Based Advance License Scheme. The Madras High Court allowed MRF’s appeal and dismissed the department’s counter-appeal related to Rs. 74.70 Cr. This judgment resolves uncertainty around tax credits claimed nearly two decades ago, potentially strengthening MRF’s financial position and removing a material legal overhang for shareholders.