Demand Notice received from the Office of the Deputy Commissioner of State Tax, Pune, Maharashtra
Awaiting price reaction for this filing.
RVNL has received a demand notice (DRC-07) from the Office of the Deputy Commissioner of State Tax, Pune West, Maharashtra, dated 19.06.2025, pertaining to FY 2021-22. The total demand raised is Rs. 1.99 Lakhs. The company has stated that there is no material impact on its financials, operations, or other activities due to this order. RVNL also mentioned that the order is challengeable and it will take further necessary action before the appropriate tax authorities.
The demand amount of Rs. 1.99 Lakhs is negligible relative to RVNL's scale, and the company itself confirms no material financial or operational impact. Shareholders are unlikely to see any meaningful effect on the stock price; this is a routine tax-related disclosure.