SRF Faces ₹15.76 Cr Tax Demand with Interest & Penalty Appeal Likely Ahead

Tax Notice Details

The demand pertains to an unspecified assessment year, following SRF's pattern of tax litigations in its diverse operations spanning refrigerants, fluorochemicals, and packaging films. With 12 plants in India and exports to 90+ countries, SRF often challenges such orders, as seen in recent wins quashing ₹99 Cr and ₹170 Cr demands.

​Key Highlights

• Demand Amount: ₹157.6 million principal + interest + penalty; exact AY undisclosed in filing.
• ​Company Response: Plans to assess and appeal; no material financial impact expected per disclosures.
• ​Recent Precedents: ITAT set aside ₹99 Cr (CERs as capital receipts, AY 2011-14); ₹170 Cr GST demand quashed.
• ​Business Context: SRF's segments (TTB, CB, PFB) robust; Q2FY26 results eyed amid demerger talks for films/foils.

​Investor Note
Routine litigation; stock resilient with 35% YTD gains on chemicals strength.

Sources: Marketscreener/Reuters, ScanX Trade