Styrenix Performance Materials has received an order from the Income Tax Department related to transfer pricing for the assessment year 2022-23. The order, received on January 31, 2026, resulted in a demand of INR 13,28,47,790. The company believes this matter is covered by a favorable court order from prior years and anticipates a successful appeal.
Assessment Order Details
Styrenix Performance Materials Limited has been notified of an order pertaining to transfer pricing regulations by the Income Tax Department. This assessment specifically covers the financial year 2022-23.
Financial Impact and Company Response
The assessment order has resulted in a demand of INR 13,28,47,790. Styrenix believes the order will not have a material impact on the company’s financial operations. The company has stated that the transfer pricing issue is directly covered by a favorable Gujarat High Court order related to the company’s own case for prior years and expects a successful resolution at the appellate stage.
Source: BSE
