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

Summary of Key Information:

Nature of Event / Disclosure:

Regulatory disclosure regarding receipt of show cause notice from GST authorities by wholly owned subsidiary Rane Steering Systems Private Limited (RSSL).

Involved Parties / Authorities:

  • Assistant Commissioner (ST), Royapettah, South — I, Chennai
  • Rane Steering Systems Private Limited (Wholly Owned Subsidiary)
  • Rane Holdings Limited (Listed Entity)

Date / Timeline of Event:

  • Date of receipt of communication: September 24, 2026
  • Date of disclosure filing: September 25, 2026
  • Period applicable: Financial Year 2022-23 & 2023-24

Brief Description of Outcome / Dispute:

Show Cause notices relating to claim of ineligible Input Tax Credit (ITC) under Section 17(5) of GST Act, 2017.

Impact of Outcome:

Financial Impact:
  • Total financial implication: ₹10.07 Crores
  • Breakdown:
  • Claim amount: ₹9.15 Crores
  • Penalty amount: ₹0.92 Crores
  • The impact would affect the financial statements of RSSL, which is a wholly owned subsidiary of Rane Holdings Limited
Operational / Business / Strategic Impact:

No material operational or business impact disclosed. The matter pertains to tax compliance issues from previous financial years.

Other Implications:

Potential reputational impact from GST compliance issues, though not explicitly stated in the document.

Next Steps / Required Actions:

RSSL in consultation with its consultants/tax advisors will be filing suitable reply before the appropriate authority within the prescribed timelines.