RNFI Services Limited — Important, 31-07-2025: General Updates

RNFI Services (Relipay) has secured a significant financial relief regarding a past tax demand. The company's appeal against an original GST demand of ₹0.17 crore for alleged wrongful input tax credit (ITC) in FY 2019-20 has been successful. The Appellate Authority has quashed the initial demand, issuing a substantially reduced final demand of only ₹23,066. This positive development eliminates a prior financial overhang. Management states there is no material impact on the company's financials or operations from this revised order, boosting investor confidence by resolving the tax dispute favorably.