GMP IPO
📋 Filings Intelligence
About Contact
LIVE — Auto-updated every 10 mins · Equity segment

Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

—
Today
—
Total
BSE
Exchange
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors

Latest Filings —

📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Refex Industries Ltd
Refex Industries: Commissioner (Appeals) Vacates Rs. 29.3 Crore Tax Demand
REGULATORY ▲ Positive Development LOW RISK
📅 Filed on BSE: 15 Oct 2026, 02:55 PM IST  ·  BSE ID: 0d18cbe9-ada3-4cb9-af16-f6fa48164302
View Original BSE Filing (PDF)
💡
In Simple Terms
The company won its appeal against a tax demand, meaning it does not have to pay the ₹29.3 crore plus interest previously asked.
🤖 AI Summary
  • Refex Industries' appeal successfully vacated ₹29,31,92,582 tax and penalty demand from CGST & Central Excise.
  • The order-in-appeal by Commissioner (Appeals), Bhopal, set aside the original demand for alleged wrongful ITC.
  • The company had contested the initial demand of ₹14,65,96,291 for ITC on invoices from alleged non-existent suppliers.
  • Previously paid ₹5,86,92,809 under protest now eligible for refund or re-credit.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Aggregate demand of Tax and Penalty vacated
₹ 29,31,92,582
Amount paid/reversed under protest
₹5,86,92,809
Original demand of ITC
₹14,65,96,291
Order-in-Appeal Date
October 13, 2026
🏢 How This Affects the Company
📈
Business Impact
This ruling removes a significant contingent liability, allowing for the potential recovery of previously paid amounts and eliminating a source of legal uncertainty.
💰
Financial Impact
The order vacates a substantial demand of ₹29,31,92,582. Previously paid ₹5,86,92,809 becomes eligible for refund or re-credit, positively impacting cash reserves.
⚠️
Risk Impact
This favourable outcome significantly reduces litigation risk associated with the contested GST demand.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders regarding this filing.
👤
Who Is Affected
All shareholders are indirectly affected by the removal of a significant financial claim and the potential recovery of funds.
🔍
Management Signal
Management's successful pursuit of this appeal indicates a commitment to vigorously defending the company against contested tax demands.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Confirmation of refund/re-credit of ₹5,86,92,809
Any updates on further appeals by tax authorities
Company's next quarterly financial results announcement
LOW RISK Favourable appellate order fully quashes significant tax and penalty demand.
💡 Investor Takeaway
Refex Industries' appeal before Commissioner (Appeals), Bhopal, was allowed, vacating ₹29,31,92,582 tax and penalty. Previously paid ₹5,86,92,809 is now eligible for refund.
⚖️ Strengths & Concerns

✅ Positives

  • Successful appeal outcome vacating ₹29,31,92,582 tax and penalty demand, including associated interest.
📅 Company Track Record
Refex Industries has had multiple tax-related appeals and orders, including a Madras High Court quashing of ₹3,567.22 lakh demand (April 2026) and a Raipur CGST appeal quashing ₹35,29,002 (June 2026).

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the total value of the demand vacated by the Commissioner (Appeals) for Refex Industries?
The Commissioner (Appeals) has vacated an aggregate demand of ₹29,31,92,582, which includes tax and penalty, along with associated interest.
What was the original tax demand against Refex Industries before the appeal?
The original demand confirmed by the Additional Commissioner was ₹14,65,96,291 for alleged wrongful availment of Input Tax Credit (ITC), with penalty and interest.
How much did Refex Industries pay under protest related to this demand?
The company had paid or reversed ₹5,86,92,809 under protest, which is now eligible for refund or re-credit following the favourable order.
When did Refex Industries receive the Order-in-Appeal?
Refex Industries received the Order-in-Appeal dated October 13, 2026, on October 15, 2026.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector — takes 5 seconds.