Rane (Madras) Limited — Others, 25-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Rane (Madras) Limited has announced a board meeting to discuss a Show Cause Notice received from the Income Tax Department regarding the ongoing assessment for FY 2021-22. The notice addresses remuneration to the Chairman, R&D capital expenditure deductions, foreign travel expenses, and asset sale profits. The anticipated tax impact is ₹2.02 crore, though the company is confident in providing the necessary information to resolve the issues raised. This development may create investor concern due to potential tax liabilities, but the company’s proactive approach and confidence could contribute to a neutral impact on sentiment.