Refex Industries Receives Order from CGST Raipur Commissionerate
Refex Industries received an order from CGST Raipur for ₹10.07 crore related to FY19-20. The company will appeal, believing the demand is not maintainable and has no material impact.
The company stated that the order has no material impact on the financials, operations or other activities of the Company.
The announcement discusses receiving an order for tax and penalty, which indicates a potential financial liability and thus a negative sentiment.
* Refex Industries Limited received an order from the Joint Commissioner, CGST Raipur Commissionerate for FY 2018-19 & 2019-20. * The order pertains to tax and penalty amounting to ₹10,06,91,418. * The company received the order, dated November 19, 2025, on November 27, 2025, via speed post. * The demand includes ₹5,03,45,709 in tax and ₹5,03,45,709 in penalty. * The company believes the demand is not maintainable and is in the process of filing an appeal against the order. * The company believes that the order has no material impact on its financials, operations, or other activities.
What to do with a filing like this
Refex Industries Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Refex Industries Limited. Read the original for the full detail.