R.P.P. Infra Projects Limited has informed the Exchange about General Updates
RPPINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
R.P.P. Infra Projects has received a Compounding Order from the Office of the Chief Commissioner of Income Tax (TDS), Coimbatore, under Section 276B of the Income Tax Act, 1961. The order relates to a delay in remittance of TDS for Financial Years 2018-19 and 2022-23 (Assessment Years 2019-20 and 2023-24). The company has been allowed to compound the offence by paying a fee of Rs. 72.18 lakh for FY 2018-19 and Rs. 15.45 lakh for FY 2022-23, totalling about Rs. 87.63 lakh. The delay was caused by reconciliation issues in the TRACES portal, which were later regularised. The compounding fee will be booked under other expenses in the P&L for FY 2025-26.
The matter is settled via compounding rather than prosecution, so the financial hit is limited to roughly Rs. 87.6 lakh in FY26 P&L. No material impact on operations or share price is expected.