Styrenix Performance Materials LimitedSTYRENIXNSE
Action(s) taken or orders passed by the Income Tax Appellate Tribunal, Ahmedabad
As filed · Styrenix Performance Materials Limited has informed the Exchange about Action(s) taken or orders passed by the Income Tax Appellate Tribunal, Ahmedabad.
RegulatoryWatchNotablemateriality 61 out of 100
What happened
FactStyrenix Performance Materials Limited has informed the Exchange about Action(s) taken or orders passed by the Income Tax Appellate Tribunal, Ahmedabad. Phiroze Jeejeebhoy Towers,. inform you that the Hon’ble Income Tax Appellate Tribunal (“ITAT”), Ahmedabad vide its order.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
- Large Appliances – Refrigerator ~7%, AC ~30%, Washing Machine ~10% growth over last FY Q1. (management committed by Q1 FY 24~25)
- Other miscellaneous industry- was having growth >10% YoY. (management committed by Q1 FY 24~25)
Evidence
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%