R R Kabel Limited has informed the Exchange regarding an order received from the Income Tax Department.
RRKABEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
R R Kabel has received a re-assessment order from the Income Tax Department (Deputy Commissioner, Vadodara) for Assessment Year 2022-23 (Financial Year 2021-22), raising a tax demand of ₹9.01 Crores (including interest of ₹0.89 Crores). The demand arises from certain additions and disallowance of expenditures under various sections of the Income Tax Act. The company has stated it will file an appeal against the order and does not expect any material impact on its financials, operations, or other activities. This is a continuation of similar prior disclosures, suggesting ongoing routine tax matters.
The ₹9.01 Crore demand is relatively small for the company and management expects no material impact, so this is likely a non-event for the stock. Investors should watch for updates on the appeal outcome, but the disclosure itself should not move the share price meaningfully.