MRF Limited has disclosed that the State Tax Officer, Adjudication (Intelligence) Cuddalore, Tamil Nadu, has imposed a penalty of Rs. 4,53,118/-. The action follows the detention of a goods vehicle due to the E-Way Bill validity expiring during transit. The company is currently reviewing the matter and assessing options to challenge the imposed fine, which represents the quantifiable financial impact disclosed.
Disclosure of Regulatory Action
MRF Limited has formally disclosed an action received from the State Tax Officer, Adjudication (Intelligence) in Cuddalore, Tamil Nadu. This disclosure was made pursuant to applicable listing regulations on February 13, 2026.
Details of the Penalty Imposed
The authority imposed a direct monetary penalty amounting to Rs. 4,53,118/-. This action stems from an incident where the State Tax Officer detained a goods vehicle. The penalty was levied on the grounds that the associated E-Way Bill validity expired while the goods were in transit.
Financial Impact and Next Steps
The quantifiable financial impact on the listed entity resulting from this order is precisely Rs. 4,53,118/-. Management has confirmed that the company is currently examining the matter in detail and is preparing to evaluate the feasibility and grounds for challenging the penalty imposed by the tax authorities.
Source: BSE
