Redington Faces ₹1.48 Billion Tax Demand Order from Authorities

Redington Ltd informed the exchanges that it has received a tax demand order amounting to ₹1.48 billion from the Income Tax Department. According to the company’s announcement, the order relates to specific assessment years where the authorities raised issues concerning certain disallowances and interpretations of tax treatment.

The Chennai-based technology distribution firm said it is currently evaluating the order in consultation with tax experts and legal advisors. Redington also indicated that it will challenge the order through appropriate appellate proceedings, emphasizing that the company has always complied with statutory requirements.

Key Highlights:

Tax demand amount: ₹1.48 billion (₹148 crore).

Issued by: Income Tax Department.

Nature: Disallowances and interpretation differences from prior assessments.

Company stance: Reviewing order; to appeal through legal channels.

Impact: No immediate material effect on financials anticipated.

Redington assured stakeholders that it remains committed to maintaining transparent accounting and regulatory compliance standards.

Source: Company filing to BSE and NSE.