Styrenix Performance Materials Limited has informed stock exchanges about receiving an Income Tax order for Assessment Year 2013-14, with no resultant tax demand on the company. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Income Tax Order Details

The order was issued by the Deputy Commissioner of Income-tax and received by the company on January 28, 2026. The proceedings relate to transfer pricing matters involving international transactions and were conducted under sections 143(3) read with section 144C and section 147 of the Income Tax Act.

Financial Impact Assessment

Despite the Income Tax order resulting in additions to the total income for AY 2013-14, there is no tax demand on the company. This is because the additions have been completely set off against brought-forward business losses from previous years.

The company has clarified that the order does not have any material impact on its financial position, operations, or other activities. This neutral impact stems from the offsetting of additions against existing business losses.

Company's Response and Next Steps

Styrenix Performance Materials has indicated that the order is appealable under the Income Tax Act provisions. The company is currently in the process of evaluating the merits of the matter and considering its options.

Key aspects of the company's response include:

• Evaluation of the order's merits is underway
• Right to file an appeal before the Income Tax Appellate Tribunal
• Appeal to be filed within prescribed timelines if decided
• No immediate financial impact anticipated

Regulatory Compliance

The disclosure was made to both BSE Limited and National Stock Exchange of India Limited as part of the company's regulatory obligations. The communication was signed by Chintan Doshi, Manager – Legal & Company Secretary, ensuring proper corporate governance protocols were followed.

This development represents a routine regulatory matter for Styrenix Performance Materials, with the company maintaining that there are no material adverse consequences from the Income Tax order for AY 2013-14.

Styrenix Performance Materials has reported a significant decline in its third quarter financial performance, with consolidated net profit falling substantially compared to the same period last year.

Financial Performance Overview

The company's Q3 results show a marked deterioration in profitability, with key metrics reflecting challenging market conditions during the quarter.

Quarterly Results Analysis

The consolidated net profit of ₹160 million represents a substantial year-on-year decline from the ₹470 million recorded in the corresponding quarter of the previous year. This 66% decrease highlights the significant challenges faced by the company during the third quarter.

The performance materials and specialty chemicals sector has been experiencing various market pressures, and these results reflect the impact on Styrenix Performance Materials' bottom line. The company's financial performance indicates the need for strategic adjustments to navigate current market conditions.

Market Impact

The substantial decline in quarterly profits underscores the challenging operating environment for companies in the performance materials sector. The year-on-year comparison reveals the extent of the financial impact on the company's operations during this period.