Redington Limited Wins Major GST Appeal, Secures Relief of ₹91.74 Crore

 

Redington Limited Wins Major GST Appeal, Secures Relief of ₹91.74 Crore

Chennai, October 26, 2025 – In a significant positive development, Redington Limited (BSE: 532805, NSE: REDINGTON), a leading technology supply chain solutions provider, has secured a favourable order from the GST appellate authority, quashing a substantial tax demand.

The company informed the stock exchanges that it has received a favourable order from the Joint Commissioner (ST), GST Appeals, Chennai, dated October 25, 2025. The order effectively nullifies a previous demand of ₹91.74 crore that was raised by the Deputy Commissioner (CT) for the financial year 2020-2021.

Background of the Case

Redington had previously intimated the stock exchanges on February 14, 2025, about receiving the original demand order. At that time, the company had stated its intention to contest the demand before the appropriate legal authorities. The latest announcement confirms the successful outcome of that appeal.

Financial and Operational Impact

The quashing of the demand has a direct and positive financial impact on the company. According to the annexure filed with the exchange, the impact is "NIL" in monetary terms, meaning the company is no longer liable for the ₹91.74 crore (including interest and penalty) that was under dispute.

This favourable verdict removes a significant contingent liability from the company's books, thereby strengthening its balance sheet and improving investor confidence. It also prevents a substantial potential outflow of cash, which can now be deployed for operational needs or growth initiatives.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates the prompt disclosure of any material events or information that could impact the company's financials or operations.

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About Redington Limited:
Redington Limited facilitates the distribution of technology products and solutions across India, the Middle East, Africa, and Turkey. The company operates as a key link in the supply chain for IT products, mobility, and other consumer goods.

For further information, please contact:
Investor Relations: investors@redingtongroup.com
Website: www.redingtongroup.com

This article is based on a public disclosure made by Redington Limited to the stock exchanges on October 26, 2025.