Rane Holdings Limited — Others, 02-05-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Rane Steering Systems Private Limited, a wholly owned subsidiary of Rane Holdings, has received a notice from the Commissioner of Customs alleging incorrect tariff classification on 39 import bills between May 2023 and January 2025. This has resulted in a demand for a differential duty of Rs. 2.69 Cr, along with interest and penalties. The subsidiary is preparing a detailed response to address the concerns. This matter highlights regulatory scrutiny that could have a financial impact on the company.