Subsidiary RSSL gets GST order, Rs 4.91 Cr demand, to contest

Regulatory & Legal View source PDF Explain this filing

RANEHOLDIN · price

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Price reactionminutes from the announcement price · days from the prior close

+3.0%Reaction day

₹1308.00

prior close

₹1336.00

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+3.5% vs market

Holding Company peers, median of 13sector-0.5%+3.5% vs sector

On the reaction day the stock moved 3.5 pts more than Nifty Microcap 250 and 3.5 pts more than its Holding Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+3.0-0.5+3.5-0.5+3.5

Next day

+2.1-1.3+3.4+0.1+1.9

-0.2-1.4+1.1-1.2+0.9

+4.6+0.0+4.6+0.3+4.3

+5.5+0.2+5.3+0.4+5.1

+6.4+1.2+5.3+1.8+4.6

+7.3+0.8+6.5-0.1+7.4

15d

-2.4-5.1+2.6-5.2+2.7

-8.3-8.8+0.5-5.7-2.6

-9.1-4.5-4.7-5.0-4.1

-19.2-13.7-5.6-18.6-0.7

UpDownMarket · Nifty Microcap 250Sector · Holding Company peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rane Holdings wholly owned subsidiary Rane Steering Systems (RSSL) received a GST order from the Deputy Excise and Taxation Commissioner (State Tax), Haryana on December 25, 2025. The order under Section 73 of the CGST Act relates to tax on employee secondments and input tax credit mismatches for April 2021 to March 2022. Total demand is Rs 4.91 Cr, including tax of Rs 2.65 Cr, interest of Rs 1.99 Cr, and penalty of Rs 0.27 Cr. RSSL plans to contest the order before the appropriate authority.

Likely market impact

Rs 4.91 Cr tax demand on subsidiary being contested; limited near-term impact pending appeal outcome.