This is to inform you that Rane Steering Systems Private Limited, Wholly Owned Subsidiary of the Company has received a Show Cause Notice from the Office of Dy. Excise & Taxation Commissioner (State Tax), Haryana
RANEHOLDIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.3 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Rane Holdings' wholly owned subsidiary Rane Steering Systems Private Limited (RSSL) received a Show Cause Notice on September 29, 2025 from the Deputy Excise and Taxation Commissioner (State Tax), Haryana under Section 73 of the CGST/HGST Act, 2017. The notice pertains to GST-related issues for the period April 2021 to March 2022, mainly non-payment of tax on secondment of employees (treated as import of services liable for reverse charge), credit notes issued to customers, and excess Input Tax Credit claimed compared to GSTR2A. The potential financial implication is Rs 8.87 crore including tax, interest, and penalty, with a separate penalty of Rs 0.50 crore mentioned. The subsidiary is in the process of filing its reply to contest the notice within the stipulated deadline.
The notice is at the subsidiary level and the company is contesting it, but if upheld, the Rs 8.87 crore liability could dent consolidated earnings. Investors should monitor the outcome of the reply, as adverse findings could lead to additional tax outflow.