SRF resolves tax dispute, anticipates significant Rs 99 crore reduction

SRF Limited has informed stock exchanges about the resolution of a tax dispute, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The dispute, involving the assistant commissioner of income tax, OSD, Range - 10, New Delhi, was adjudicated by the ITAT. It centered on the treatment of Carbon Emission Reduction Certificates (CERs) as capital receipts outside the purview of the Income Tax Act for assessment years 2011-12 and 2013-14.

The company anticipates this resolution will result in a significant reduction of its tax liability by approximately Rs 99 crore. The quantum of claims in the dispute also stood at approximately Rs 99 crore. The update on this pending litigation was received on December 16, 2025.

Rajat Lakhanpal, senior vice president (corporate compliance) & company secretary, signed the announcement, which was submitted to both The BSE Limited and the National Stock Exchange of India Limited.