Raymond Realty Limited has informed the Exchange about General Updates
RAYMONDREL · price
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Awaiting price reaction for this filing.
Raymond Realty's material subsidiary Ten X Realty Limited (TXRL) received a Show Cause Notice dated March 11, 2026 from the Income Tax Department, Mumbai, under Section 148A(1) of the Income Tax Act. The notice follows a survey action conducted on September 25, 2025 under Section 133A of the Income Tax Act. The IT Department alleges that income of approximately Rs. 1.43 crore (Rs. 1,43,23,625) for FY 2022-23 (Assessment Year 2023-24) has escaped assessment. TXRL is preparing its reply and taking remedial steps. The company has stated there is no material impact on its financials or operations, and no penalty or restriction has been imposed as of now. Since TXRL's financials are consolidated with Raymond Realty, any future penalty would still flow through the listed entity.
Near-term impact on the stock is likely limited as the amount involved is small (Rs. 1.43 crore) and no penalty has been levied yet. However, investors should watch for the outcome of the reply and any potential tax demand, as an adverse order could modestly affect consolidated earnings.