Ram Ratna Wires Ltd has disclosed receipt of assessment orders from the Income Tax Department for AY 2021-22 and 2022-23, raising a demand of ₹709.6 million. The company plans to appeal and does not expect any material impact on its financials or operations.
Ram Ratna Wires Limited, a leading player in the wires and cables industry, announced that it has received assessment orders under Section 147 of the Income Tax Act. The orders, dated March 9, 2026, pertain to financial years 2020-21 and 2021-22.
Assessment Orders And Demand
The Deputy Commissioner of Income Tax, Vadodara, issued demand notices totaling ₹709.6 million, including ₹245.1 million in interest. The demand arises from additions made under various sections of the Income Tax Act.
Company Response
Ram Ratna Wires stated it is evaluating the orders, intends to file rectifications for computational errors, and will appeal against the additions. The company emphasized that it does not foresee any material impact on its financials, operations, or activities.
Key Highlights
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Assessment orders under Section 147 of the IT Act
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Demand raised: ₹709.6 million including interest
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Applicable for AY 2021-22 and 2022-23
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Company to file rectifications and appeals
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No expected material impact on operations
Sources: Company filing with NSE and BSE, SEBI Listing Regulations disclosure.