Rane Holdings Limited — Others, 27-06-2025: Action(s) taken or orders passed

Rane Holdings has announced a penalty of Rs. 2.10 Cr imposed on its wholly owned subsidiary, Rane Steering Systems Private Limited, by the Income Tax department for underreporting income in the Assessment Year 2020-21. The subsidiary plans to contest the demand. This tax issue may impact the subsidiary’s financials but is being actively addressed and monitored by the company.