RKEC Projects Limited — Others, 21-03-2025: Action(s) taken or orders passed

The Assistant Commissioner of Income Tax has issued a demand notice to RKEC Project Limited for a total of ₹100.61 crore, comprising normal tax, additional tax, and interest. The company contests this order, stating that it was issued without consideration of submitted evidence and plans to appeal, anticipating a favorable ruling. Management assesses that this matter will not materially impact operations or financial health. Investors should view this as a potential risk, but with management's confidence in a positive outcome from the appeal process.