Redington Share Price in Focus After Income Tax Appellate Tribunal Sets Aside ₹230.21 Crore Demand

Redington Limited has announced a significant development regarding its tax obligations. The company received a favourable order from the Commissioner of Income Tax (Appeals), which quashed a substantial demand of ₹230.21 crore for the assessment year 2020-21. 

Details of the Income Tax Order 

On March 11, 2026, Redington Limited received an order from the Commissioner of Income Tax (Appeals) that quashed a demand of ₹230.21 crore. This demand was part of a larger total of ₹233.66 crore raised by the Assessing Officer for the assessment year 2020-21.  

The company had previously informed the stock exchanges about this demand on September 30, 2023, and had contested it before the appropriate appellate authorities. 

Background of the Tax Demand 

The initial demand of ₹233.66 crore was raised by the Income Tax Department for the assessment year 2020-21. Redington Limited had contested this demand, and the recent order from the Commissioner of Income Tax (Appeals) has now quashed ₹230.21 crore of this demand. The company has updated this information on its website as well. 

Impact on Redington Limited 

The favourable order from the Commissioner of Income Tax (Appeals) has no quantifiable impact on the financial, operational, or other activities of Redington Limited. The company continues its operations without any financial burden from this tax demand. 

Read More: Polycab India Share Price in Focus; Income-Tax Demand Reduced to ₹57.58 Crore From ₹327.45 Crore! 

Official Communication and Record 

Redington Limited has communicated this development to the National Stock Exchange of India Limited and BSE Limited. The company has requested these exchanges to take the information on record. The official communication was signed by K Vijayshyam Acharya, the Company Secretary of Redington Limited. 

Redington Share Price Performance 

As of March 11, 2026, at 3:30 PM, Redington share price on NSE was closed at ₹247.30 down by 4.63% from the previous closing price. 

Conclusion 

Redington Limited's receipt of a favourable order from the Commissioner of Income Tax (Appeals) marks a positive resolution to the tax demand issue. The quashing of ₹230.21 crore from the original demand highlights the company's successful contestation of the assessment. 

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