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The latest announcement is out from Redington Limited ( (IN:REDINGTON) ).
Redington Limited has received a favourable order from the Commissioner of Income Tax (Appeals) for assessment year 2021-22, which quashes a tax demand of INR 136.25 crore previously raised by the Income Tax Department. The company, which had contested the assessment order issued in December 2023, said the appellate decision removes the liability with no adverse impact on its financial or operational activities, easing a potential overhang for stakeholders.
The order, dated 10 February 2026 and received by Redington on 20 February 2026, concludes the dispute for the relevant year without any findings of violations or contraventions against the company. The resolution of this sizeable demand strengthens Redington’s balance-sheet visibility and regulatory position, and the company will update details of the development on its website as part of its disclosure obligations under SEBI listing regulations.
More about Redington Limited
Redington Limited is an India-based technology distribution and supply chain solutions company headquartered in Chennai. It operates across information technology, mobility, and related product segments, serving vendors and channel partners in domestic and international markets through a wide distribution network.
Average Trading Volume: 121,222
Technical Sentiment Signal: Buy
Current Market Cap: 202.3B INR
For an in-depth examination of REDINGTON stock, go to TipRanks’ Overview page.