Refex Industries Limited has received an order from the Deputy Commissioner, State Tax, Jodhpur, Rajasthan, for the Financial Year 2018-19. The order pertains to a total demand of ₹54,32,943, which includes tax, interest, and penalty. Specifically, the tax amount is ₹16,88,866, interest is ₹20,55,211, and penalty is ₹16,88,866. The demand order, dated December 18, 2025, was issued under Section 74 of the CGST Act, 2017, alleging the availment of inadmissible input tax credit due to the supplier's registration being cancelled suo moto. The company, however, believes that the demand is not maintainable and is in the process of preferring an appeal against the said orders. Refex Industries Limited stated that this order has no material impact on the financials, operations, or other activities of the company.