NSE/BSE Codes: BSE: 505800, NSE: RANEHOLDIN

Summary of Key Information:

Nature of Event / Disclosure:

Disclosure under Regulation 30 of SEBI LODR regarding receipt of order from GST Authority by wholly owned subsidiary Rane Steering Systems Private Limited (RSSL).

Involved Parties / Authorities:

  • Regulatory Authority: Assistant Commissioner (ST), Royapettah, South — I, Chennai
  • Listed Entity: Rane Holdings Limited
  • Subsidiary: Rane Steering Systems Private Limited (RSSL)

Date / Timeline of Event:

  • Show Cause Notice Receipt Date: Previously intimated on July 18, 2026 (Reference: RHL/SE/039/2026-27)
  • Order Receipt Date: November 12, 2026
  • Disclosure Date: November 13, 2026

Brief Description of Outcome / Dispute:

The GST Authority issued an order under Section 73 of TNGST Act, 2017 dropping all proceedings relating to discrepancies between GSTR-2A (statement on inward supplies) and GSTR-3B (monthly return). The matter involved details of credit notes issued and exempted/nil rated supplies totaling ₹11.88 Crores, which included a penalty component of ₹1.07 Crores. The period under consideration was Financial Year 2022-23.

Impact of Outcome:

Financial Impact:

No financial implications on the listed company. The order explicitly states expected financial implications as "Nil".

Operational / Business / Strategic Impact:

No operational, business, or strategic impact disclosed. The matter has been conclusively resolved with the GST Authority accepting RSSL's explanations and supporting documents.

Other Implications:

The resolution of this matter eliminates potential liability of ₹11.88 Crores that was under dispute. The successful defense of the subsidiary's position may have positive compliance reputation implications.

Next Steps / Required Actions:

No further actions required. The proceedings have been dropped in entirety and the matter is concluded.