R R Kabel Limited has informed the Exchange regarding Orders received from the Income Tax Department.

R R Kabel Limited has received re-assessment orders from the Office of the Deputy Commissioner of Income Tax, Vadodara, for three assessment years (2018-19, 2019-20, and 2021-22). The orders raise a total income tax demand of ₹66.58 Crores, which includes interest of ₹42.27 Crores, on account of certain additions and disallowance of expenditures. The company believes part of the demand is higher than the actual additions due to computational or clerical errors and will file rectification with the Assessing Officer. The company also intends to appeal all the orders, and currently does not expect any material impact on its financials, operations, or other activities.