Refex Industries Limited — Important, 22-07-2025: General Updates

Refex Industries has received a demand order from GST authorities for FY19-20 & FY20-21 regarding inadmissible Input Tax Credit. The total demand, including tax and penalty, is Rs. 8.93 Cr, plus interest. The company plans to appeal, asserting the demand is not maintainable. Management expects no material financial or operational impact, signaling confidence in their position against the tax claim.