Ram Ratna Wires Limited — Others, 01-04-2025: Action(s) initiated or orders passed

Global Copper Private Limited, a material subsidiary of Ram Ratna Wires Limited, has received an Assessment Order from the Income Tax Department, demanding ₹2.49 crore (including ₹0.50 crore interest) concerning the Assessment Year 2023-24. The company plans to appeal this order and does not anticipate any significant impact on its financial health. This development reflects ongoing compliance challenges but may present a minor risk if the appeal does not yield a favorable outcome. Overall, the market may view this as a neutral event, given the company's proactive approach to address the assessment.