Styrenix Performance Materials Faces ₹132.9M Tax Demand Order: Details & Implications

Key Highlights

• Demand Amount: ₹132.9 million (₹13.29 crore), potentially encompassing prior notices like ₹10.3 million (AY 2016-17) and others aggregated.
• ​Order Nature: Income tax or GST related to transfer pricing (AY 2013-14), E-way bill discrepancies (FY18-19), with additions offset by losses in some cases.
• No Immediate Liability: Many orders show nil demand after set-offs against brought-forward losses; no material hit to finances or operations.
• Appeal Strategy: Evaluating merits for challenge at Income Tax Appellate Tribunal or GST authorities within timelines.
• Recent Precedents: Dec 2025 GST demand ₹23.69 lakh; CIT(A) confirmation ₹10.3 million incl. interest/penalty all deemed non-material.
• Business Resilience: Polystyrene leader reports Q3 FY26 profit dip but focuses on core ops; stock minimally impacted.

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Styrenix's proactive disclosures highlight routine tax scrutiny in specialty polymers, with strong compliance and minimal risk exposure.
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Sources: ScanX Trade, MarketScreener