Styrenix Performance Materials Wins ITAT Appeal, Tax Demand Deleted

Styrenix Performance Materials Ltd announced that the Income Tax Appellate Tribunal (ITAT), Ahmedabad, has allowed the company's appeal and deleted a tax demand of INR 13.28 crores. This demand was initially raised by the Assessment Unit for the Assessment Year 2022-23. The ITAT's order, received by the company on November 12, 2026, has a positive financial impact by removing this significant tax liability. The company had previously intimated a potential order on February 02, 2026.