Styrenix Performance Materials Limited has disclosed that the Assessment Unit of the Income Tax Department has passed an order under Section 143(3) read with Section 144C(13) and Section 144B of the Income-tax Act for Assessment Year 2022-23. The order pertains to a transfer pricing matter related to international transactions and includes a demand of ₹13,28,47,790 (13.28 crore). The company received the order on January 31, 2026, at 6:54 PM. Due to the weekend, the disclosure was made on February 02, 2026. Styrenix Performance Materials Limited stated that the order does not have a material impact on its financial position, operations, or other activities. The company believes there is a strong likelihood of success at the appellate stage, as the transfer pricing issue is directly covered by a favorable Gujarat High Court order in its own case for earlier years.
