SRF LTD.

SRF Ltd has received a rectification order from the Income Tax Department regarding a tax demand of ₹327.44 crores for Assessment Year 2022-23. The original demand arose due to a technical error in the final assessment order. The company's rectification application has been disposed of, resulting in a reduction of the demand to ₹9.46 crores. SRF Ltd is currently analyzing the order to determine suitable legal recourse for the remaining demand amount.

SRF Ltd has announced a facility for shareholders to submit necessary documents for applying for a lower or nil rate of Tax Deducted at Source (TDS) on dividend payments. This follows their earlier declaration of dividend on July 22, 2026. Shareholders are urged to submit their details by July 30, 2026, to ensure the company can correctly determine and deduct the appropriate TDS or withholding tax at the time of dividend disbursement. Further details and the list of required documents are available on the company's website.

SRF Ltd announced its first interim dividend for the fiscal year 2026-27. The Board of Directors, in a meeting held on July 22, 2026, approved an interim dividend of 50%, equivalent to ₹5 per equity share. This dividend will be paid to eligible shareholders whose names appear on the company's register of members and as beneficial owners by the record date, July 28, 2026. The payment is scheduled to be completed on or before August 18, 2026.

SRF Limited announced its unaudited consolidated financial results for Q1FY27, reporting a robust performance across its businesses. Consolidated revenue increased by 32% to ₹5,033 crore from ₹3,819 crore in the corresponding period last year. Operational Earnings Before Interest and Tax (EBIT) saw a significant jump of 61% to ₹1,116 crore, while Profit After Tax (PAT) surged by 76% to ₹759 crore. The Chairman and Managing Director highlighted this as the company's best-ever quarterly performance, driven by strong momentum across its diversified portfolio, with inventory gains providing some support. Key business segments like Chemicals, Performance Films & Foil, and Technical Textiles all reported substantial revenue and operating profit growth.

SRF Ltd's Board of Directors has approved a capital expenditure proposal to set up a BOPET Thick Film Line at a projected cost of ₹250 Crores. This expansion aims to add 25,000 MTPA of capacity within 24 months. The investment will be financed through a mix of debt and internal accruals. The company highlighted that BOPET thick film is a specialized product with applications in industrial and electronic segments, offering a hedge against commodity thin film cyclicality due to limited domestic capacity.

SRF Ltd announced the declaration of its first interim dividend for the fiscal year 2026-27. The Board of Directors, in a meeting held on July 22, 2026, approved an interim dividend of 50%, equivalent to ₹5 per equity share. This dividend will be paid to eligible shareholders whose names appear on the company's register of members and as beneficial owners by the record date, which is set for Tuesday, July 28, 2026. The payment of this interim dividend is scheduled to be completed on or before August 18, 2026.

SRF opened FY27 with a materially stronger-than-base print: consolidated revenue of ₹5,033 Cr rose 31.8% YoY (9.1% QoQ) and net profit jumped 75.5% YoY to ₹758.9 Cr (30.4% QoQ), lifting basic EPS to ₹25.60 from ₹14.58 a year ago. Crucially there was no exceptional item this quarter and none in the year-ago Q1 either, so the near-76% growth is entirely operational — not an accounting artefact. Net profit margin expanded to 15.08% from 11.32% YoY and operating margin to 20.82% from 17.17%, a broad-based margin lift across all three segments. The standout driver was the Performance Films & Foil Business, whose consolidated segment result leapt to ₹349.7 Cr from ₹140.2 Cr (+150% YoY) on revenue of ₹2,016.7 Cr (+42%) — the overseas packaging-films subsidiaries did the heavy lifting, contributing ₹171 Cr of net profit before consolidation. Chemicals, the core, delivered revenue of ₹2,314.9 Cr (+26% YoY) and a segment result of ₹638.4 Cr (+27%), confirming the agrochem/fluorochem recovery management flagged on the January concall; Technical Textiles also nearly trebled its result to ₹107.8 Cr. This is where basis matters: standalone PAT of ₹566.3 Cr grew a more modest 42.6% YoY, so the consolidated story is far stronger than the parent's alone — readers will see both numbers and the gap is the overseas films business, not a discrepancy. Against management's own framing the quarter beats: the prior concall guided to Chemicals growing 15-20% in FY27 and a Q4-onward recovery amid persistent Chinese pricing pressure, and Q1 chemicals revenue up 26% already runs ahead of that. No formal quarterly P&L guidance is given by the company and no brokerage consensus number surfaced for this specific quarter, so a street beat/miss can't be quantified. Alongside the result the board declared a first FY27 interim dividend of ₹5/share (₹148.21 Cr). The main question the print leaves open is durability — the PFB result more than doubled YoY off a favourable films cycle, and management's own caution on specialty-chemical pricing means the margin bridge needs to hold, not just print once.

SRF Ltd has announced a Board of Directors meeting scheduled for July 22, 2026. The meeting will primarily focus on approving the Un-Audited financial results for the quarter ended June 30, 2026. Additionally, the board will consider a proposal for the declaration of the first interim dividend for the financial year 2026-27. The company also plans to discuss and approve the issuance of Non-Convertible Debentures (NCDs) up to ₹750 Crores. In line with insider trading regulations, a trading window closure for designated persons and directors will be in effect from July 1, 2026, to July 24, 2026.

SRF Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in accordance with SEBI's insider trading regulations and will be effective from July 1, 2026. The window will reopen 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. The specific date of the board meeting to consider these results will be communicated later. This measure is standard practice to prevent insider trading during sensitive financial reporting periods.

SRF Ltd announced the re-appointment of Mr. Kartik Bharat Ram as Joint Managing Director for a further term. The approval was granted by the members at the Annual General Meeting held on June 30, 2026. His new term will commence from June 01, 2026, and conclude on March 31, 2031. Mr. Ram, who holds an MBA from Cornell University, brings over three decades of experience and is involved in shaping the company's performance culture, driving aspirations, and advocating for environmental responsibility. He is also a director on the boards of KAMA Holdings Limited and Kalyani Steels Limited. He is the brother of the current Chairman & Managing Director, Mr. Ashish Bharat Ram, and son of Chairman Emeritus, Mr. Arun Bharat Ram.