RKEC Projects Limited — Others, 22-03-2025: Action(s) initiated or orders passed

RKEC Project Limited has disclosed that the Assistant Commissioner of Income Tax in Visakhapatnam issued a demand notice for ₹2.60 Cr, disallowing certain expenditures for the assessment year 2023-24. The company disagrees with this decision and will appeal, expecting a favorable outcome in a higher forum. While this matter does not materially impact RKEC’s financial or operational activities, it introduces potential risks related to regulatory scrutiny. Investors may view the appeal as an opportunity for positive resolution, although some uncertainty remains regarding the ongoing tax assessment.