SRF Limited appointed Jyothsana Vasudevan as President and Chief Human Resources Officer (CHRO) with effect from October 5, 2026. The appointment was approved by the Board of Directors via a resolution passed by circulation on October 1, 2026.

Appointment details and regulatory compliance

The move follows the recommendation of the Nomination and Remuneration Committee. The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vasudevan joins as Senior Management Personnel on a whole-time employment basis.

Professional background

Vasudevan, aged 47, possesses over 24 years of experience in Human Resources. Her career spans leadership roles in renewable energy, manufacturing, technology, supply chain, shared services, and consumer durables. Prior to this appointment, she served as Senior Vice President and Head of HR at Avaada Manufacturing, a company involved in solar cells, modules, and glass manufacturing.

Her expertise includes developing HR strategies for rapidly growing organizations, redesigning operating models, and strengthening people-process governance. At Avaada, she focused on building HR frameworks for IPO readiness and structural transformation.

Education and recognition

Vasudevan holds a Master's degree in Human Resources from Indraprastha University, Delhi, where she graduated with a Gold Medal. She is a co-author of a UN Gender Compact award-winning whitepaper on Women at Workplace and serves as a pro-bono HR Advisor to Brooke India, a UK-based NGO.

Key appointment parameters

The company confirmed that there are no relationships between directors relevant to this appointment.

SRF Limited has received a show cause notice from the Additional Commissioner, CGST & Central Excise, Vadodara-II Commissionerate, demanding ₹266.32 crore. The notice, issued under Section 73 of the Central Goods and Services Tax Act, 2017, pertains to alleged Input Tax Credit disallowances for FY23 and FY24.

The regulatory filing was made to BSE and NSE on October 1, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The show cause notice is dated September 29, 2026.

Nature of the dispute

The tax authority alleges that certain Input Tax Credit availed by SRF is not eligible due to a mismatch between ITC claimed in statutory GST returns and ITC reflected in the auto-generated statement available on the GST portal. Consequently, a demand for GST along with applicable interest and penalty has been proposed.

Company response

SRF stated that it is reviewing the show cause notice and will submit an appropriate response before the concerned authority. The company maintains that the allegations are not legally tenable and intends to contest the matter before the appropriate legal forum.

Regarding financial implications, SRF asserted that the show cause notice is not sustainable and will have no financial impact. The company did not disclose any specific provisions made against this demand in the filing.

What the numbers show

The demand of ₹266.32 crore covers two fiscal years, FY23 and FY24. The company’s assertion that there will be "no financial impact" suggests either a strong confidence in its legal position or that the amount is already provisioned, though the latter is not explicitly stated in the disclosure. The mismatch cited relates specifically to the reconciliation between filed returns and the portal-generated statement, a common area of scrutiny in recent GST audits.