Rithwik Facility Management Services Ltd — Important, 23-12-2025: Company Update

The company has received a tax assessment order from the Commercial Taxes Department for the financial year 2021-22. The order confirms a total demand of Rs. 334,498, which includes Rs. 293,180 in tax, Rs. 12,000 in interest, and Rs. 29,318 in penalty. This demand primarily stems from the disallowance of Input Tax Credit (ITC) claims related to certain construction services, building insurance, and auxiliary services. The company is required to pay this amount within 90 days of the order.