SRF Ltd. — Regulatory Filings 2024

Jan 22, 2024

The Corporate Relationship Department, National Stock Exchange of India Limited BSE Limited “Exchange Plaza” Ist Floor, New Trading Ring Rotunda Building, Bandra-Kurla Complex P.J. Towers Bandra (E) Dalal Street, Mumbai 400 051 Mumbai 400 001 Scrip Code- 503806 Scrip Code-SRF

SRF/SEC/BSE/NSE

22.01.2024

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir,

This disclosure is being made pursuant to the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (“LODR”).

Disclosures under Schedule III, Part-A, Para A (Clause 20) of LODR is given below:

i)	Name of Authority	State Tax Officer, Manali Assessment Circle
ii)	Nature and details of the action(s)	State Tax Officer has passed orders dated 10
	taken, initiated or order(s) passed;	January 2024 in respect of :-
		2005-06
		Supplies aggregating Rs. 46.62 Crores claimed
		by the Company under concessional/exempt
		supplies are alleged to be chargeable to sales
		tax at the maximum rate of 20%. Penalty of Rs.
		15.73 Crores has been levied in connection with
		the above allegation.
		2006-07
		Supplies aggregating Rs. 28.56 Crores claimed
		by the Company under concessional/exempt
		supplies are alleged to be chargeable to sales
		tax at the maximum rate of 20%. Penalty of Rs.
		9.64 Crores has been levied in connection with
		the above allegation.
		The above Orders are appealable and the
		Company is in the process of making appeal
		against these orders before the appellate
		authorities.

iii)Date of receipt of direction or order,including any ad-interim or interimorders, or any other communicationfrom the authority;	20 January 2024
iv)Detailsoftheviolation(s)/contravention(s)committed or alleged to be committed;	The Authority has alleged that maximum rateand penalty is being levied on the turnover onaccount of non-submission of documentsbefore the Authority to substantiate levy of salestax at lower rate/exemption of a part of turnoverfrom sales tax.
v)impact on financial, operation or otheractivitiesofthelistedentity,quantifiable in monetary terms to theextent possible.	The management is confident that the above isunlikely to have any material impact on theCompany’s financial, operations or otheractivities.

Kindly take this intimation on record.

Thanking you,

Yours faithfully,

For SRF Limited

Rajat Digitally signed by Rajat Lakhanpal Lakhanpal Date: 2024.01.22 20:32:05 +05'30'

Rajat Lakhanpal

Sr. Vice President (Corporate Compliance) & Company Secretary