Ram Ratna Wires Limited has informed the Exchange about Action(s) initiated or orders passed
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Ram Ratna Wires Limited has received an assessment order under Section 147 of the Income Tax Act from the Deputy Commissioner of Income Tax, Central Circle 1, Vadodara, dated March 9, 2026. The order relates to Assessment Years 2021-22 and 2022-23 (Financial Years 2020-21 and 2021-22) and raises a total tax demand of Rs 70.96 crore, which includes interest of Rs 24.51 crore. The company states it plans to file rectification for computational/clerical errors and appeal against the additions made to the assessed income. Importantly, the company has stated that it does not currently foresee any material impact on its financials, operations, or other activities from the order. No penalty or restriction has been imposed as part of this order.
While the demand of Rs 70.96 crore is significant, the company has not flagged any material financial or operational impact and intends to contest the order through appeal and rectification. Shareholders should monitor the appeal outcome, as a final adverse ruling could affect future cash flows, but near-term business operations appear unaffected.