This is to inform you that Rane Streeting Systems Private Limited , Wholly Owned Subsidiary of the Company has received a Show Cause Notice from the office of Assistant Commissioner (ST), Chennai (South) Division.
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Rane Holdings informed exchanges that its wholly owned subsidiary, Rane Steering Systems Private Limited (RSSL), received a Show Cause Notice on September 29, 2025, from the office of the Assistant Commissioner (ST), Chennai (South) Division. The notice, issued under Section 73 of the CGST/HGST Act, 2017, relates to audit observations for the period April 2021 to March 2022, including stock transfer issues and differences between GSTR9 and GSTR3B filings. The potential financial implication is around Rs 20.21 crore including tax and penalty, with a specific penalty of Rs 1.85 crore mentioned. RSSL is in the process of preparing its reply to the notice within the due date.
This is a tax-related regulatory notice and not a SEBI or securities market action; the company is contesting it and the financial impact, if any, would be limited to the subsidiary level. Shareholders should monitor the outcome of the response, but the notice does not directly threaten the parent company's operations or compliance standing.