Styrenix Performance Materials Ltd will host a virtual 1x1 investor meeting on June 22, 2026, at 11:00 AM IST to engage with analysts and institutional investors. The interaction aims to discuss the company's performance based on publicly available information, ensuring no unpublished price sensitive information (UPSI) is shared during the session.

The meeting is scheduled under the provisions of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. The company has confirmed that the discussions will strictly adhere to regulatory guidelines regarding the disclosure of material information.

Styrenix Performance Materials Limited, formerly known as INEOS Styrolution India Ltd., noted that changes to the schedule may occur due to exigencies on the part of the participants or the company. The intimation was submitted to the stock exchanges pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.

Styrenix Performance Materials Ltd has secured a favorable order from the Income Tax Appellate Tribunal (ITAT), Ahmedabad, which deleted a transfer pricing addition of INR 17,11,13,551 for Assessment Year 2021-22. The order, pronounced on May 26, 2026, and received by the company on June 11, 2026, consequently removes the corresponding tax demand of INR 4.38 crores. This decision provides a significant financial relief to the company by overturning the assessment order previously passed by the Income Tax Department.

The tribunal's decision addresses the appeal filed by the company against the assessment order dated October 29, 2024. The Assessing Unit had made the additions under section 143(3) read with section 144C (13) and section 144B of the Income Tax Act, 1961. By allowing the appeal, the ITAT has nullified these additions, thereby eliminating the tax liability that arose from them.

Details of the ITAT Order

The following table outlines the key particulars of the regulatory disclosure and the order passed by the authority:

The company stated that the development results in a positive impact on its financials. The deletion of the tax demand and the underlying additions will improve the company's tax position for the specified assessment year. The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.