Styrenix Performance Materials Faces INR 2,14,44,080 Demand in Faceless Assessment by Income Tax Department for AY 2024-25

Styrenix Performance Materials Ltd has received a demand of INR 2,14,44,080 from the Assessment Unit, Income Tax Department under section 143(3) read with section 144B of the Income tax Act for the Assessment Year 2024-25. The order, which was received on March 25, 2026, doesn't have any material impact on the financial position, operations, or other activities of the Company. The Company is evaluating the merits of the matter and will exercise its right to file an appeal before the Commissioner of Income Tax (Appeals), within the prescribed timelines.