Infosys teams up with Harness for AI-enhanced software delivery, while GAIL seals an LNG deal with Alpha Gas. SRF confronts a tax demand of ₹327.4 crores, and Muthoot Finance sets the interim dividend record date for FY26 on April 13, 2026.

SRF is facing a significant tax demand of INR 327.4 crore due to a technical error, with an additional INR 101.8 crore for interest. The company has submitted rectification requests and appeals, hoping to reverse the decision. Currently, this issue is not expected to impact their financials.

SRF Ltd. conducted a significant share transaction worth about INR 22.49 crores, with each share priced at INR 2,398.8 in the NSE.

The Nifty Chemicals index experienced a 3.4% drop due to the government's decision to eliminate import duties on crucial petrochemicals, potentially causing increased competition for companies like Swan Energy (-5.6%) and SRF (-5.5%). Analysts predict these firms may face margin pressures as a result.

Page Industries experienced a 4% growth in share price today, while SRF, PG Electroplast, Amber, and Biocon saw declines.

SRF Ltd has been issued a tax demand notice worth approximately ₹103.1 crores, which includes penalties and interests. The company has announced plans to challenge the order in court. Despite this, they anticipate no significant impact beyond the already disclosed amount.