Styrenix Performance Materials Ltd

Styrenix Performance Materials Ltd has announced the closure of its trading window for designated persons and their immediate relatives, effective July 1, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The closure is in connection with the upcoming declaration of the company's unaudited financial results for the first quarter ended June 30, 2026. The trading window will be reopened 48 hours after the financial results are officially declared and disseminated to the stock exchanges. The specific date for the board meeting to approve these results will be communicated in due course.

Styrenix Performance Materials Ltd has received a favorable order from the Income Tax Appellate Tribunal (ITAT), Ahmedabad. The ITAT has allowed the company's appeal and deleted transfer pricing additions amounting to INR 17,11,13,551 for Assessment Year 2021-22. Consequently, the associated tax demand of INR 4.38 crores has also been withdrawn. This ruling positively impacts the company's financial standing by removing a significant potential liability.

Styrenix Performance Materials Ltd. announced the approval of audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026. The board also approved the appointment of M/s. Sharp & Tannan Associates as Internal Auditors and M/s. Kailash Sankhlecha & Associates as Cost Auditor for FY 2026-27, subject to shareholder ratification. The audit report, issued by M/s. Talati & Talati LLP, Chartered Accountants, has an unmodified opinion.

Styrenix Performance Materials Ltd has appointed M/s. Sharp & Tannan Associates as Internal Auditors and M/s. Kailash Sankhlecha & Associates as Cost Auditor for the financial year 2026-27. The appointments were approved by the Board of Directors based on the recommendation of the Audit Committee. The remuneration for the Cost Auditor is subject to ratification by the shareholders at the upcoming Annual General Meeting. The board also approved the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026.

The Board of Directors of Styrenix Performance Materials Ltd approved the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026, in its meeting held on May 16, 2026. The board also approved the appointment of M/s. Sharp & Tannan Associates as Internal Auditors and M/s. Kailash Sankhlecha & Associates as Cost Auditor for the financial year 2026-27, subject to shareholder ratification.

Styrenix Performance Materials Ltd has scheduled a Board of Directors meeting on May 16, 2026, to consider and approve the audited standalone and consolidated financial results for the fourth quarter and the financial year ended March 31, 2026. The trading window for dealing in the company's shares has been closed since April 1, 2026, and will remain closed until 48 hours after the declaration of the financial results.

Styrenix Performance Materials Ltd has announced the closure of its trading window for designated persons and their immediate relatives, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's Code of Conduct for Prevention of Insider Trading. The closure is in connection with the declaration of the audited financial results for the quarter and financial year ending on March 31, 2026. The trading window will reopen 48 hours after the results are declared and disseminated to the stock exchanges. The date of the board meeting will be intimated in due course.

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.

Styrenix Performance Materials Ltd. has received an order from the Assessment Unit, Income Tax Department, under section 143(3) r.w.s 144C(13) r.w.s 144B of the Income-tax Act for AY 2022-23, pertaining to a transfer pricing order for international transactions. The demand amount is INR 13,28,47,790. However, the company believes there is a strong likelihood of success at the appellate stage, as the Transfer Pricing issue is directly covered by a favourable Gujarat High Court order in their own case for earlier years.

Styrenix Performance Materials Ltd, formerly known as INEOS Styrolution India Ltd., has received an order from the Deputy Commissioner of Income-Tax regarding a transfer pricing matter for Assessment Year 2013-14. The order does not demand any tax as the addition to total income has been set off against brought-forward business losses. The company is considering filing an appeal before the Hon’ble Income Tax Appellate Tribunal. The order does not have a material impact on the financial position, operations, or other activities of the company.