Ram Ratna Wires Limited — Others, 31-03-2025: Action(s) initiated or orders passed

Ram Ratna Wires Limited has received an Assessment Order from the Deputy Commissioner of Income Tax for the Assessment Year 2023-24. The order, which includes a demand notice for ₹13.62 crores (comprising ₹2.93 crores in interest), arises from specific adjustments under the Income Tax Act. The company plans to appeal against this order and does not anticipate any significant impact on its financial position. This disclosure suggests a proactive stance in addressing potential tax liabilities, fostering a positive outlook for investors amidst regulatory scrutiny.