09-Oct-2026 16:45:59

RANEHOLDIN : GST AUTHORITY DROPS RS 10.07 CR DEMAND ON WOS RANE STEERING

• Order under Section 73 of CGST Act received October 8, 2026 by Rane Steering Systems (RSSL), wholly owned subsidiary • Demand related to alleged ineligible ITC under Section 17(5) of GST Act for FY2022-23 and FY2023-24 • GST authority dropped the proceedings in entirety, including penalty of ₹0.92 Cr • Expected financial implications on the listed company: Nil; no penalty, restriction or sanction imposed

Rane Holdings Limited

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