Ram Ratna Wires Limited has informed the Exchange about Action(s) initiated or orders passed
RAMRAT · price
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Ram Ratna Wires has received an Assessment Order from the Deputy Commissioner of Income Tax, Vadodara, dated March 13, 2026, for Assessment Year 2024-25 (FY 2023-24). The IT department has raised a total demand of Rs 10.22 crore, which includes interest of Rs 1.94 crore, on account of certain income additions under various sections of the Income Tax Act. The company has stated that it will file rectification for computational/clerical errors and also intends to appeal against the additions made to the assessed income. The company has clarified that it does not foresee any material impact on its financials, operations, or other activities from this order at present. No penalty or restriction has been imposed by the authority.
Investors should note the Rs 10.22 crore tax demand is being contested by the company, which expects no material impact on operations. However, if the appeal is unsuccessful, the financial burden could affect earnings. The market may react mildly negatively given the tax dispute, though the company has termed it non-material.