Rane Engine Valve Limited — Others, 06-02-2025: Action(s) taken or orders passed

Rane Engine Valve Ltd has disclosed that the Assistant Commissioner of GST & Central Excise issued a directive involving a tax dispute concerning a demand of ₹87.08 crore related to ITC credits not reflected in returns and insufficient documentation for SEZ supplies. The management intends to contest this demand based on legal advice, indicating confidence in resolving the matter. This potential financial liability could influence the company's cash flow, but management's proactive stance may mitigate investor concerns, presenting a neutral outlook while monitoring ongoing developments.