Integrated Filing-Governance



General information about company

Scrip Code 532661
NSE Symbol RML
MSEI Symbol NOTLISTED
ISIN INE050H01012
Name of the entity RANE (MADRAS) LIMITED
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity There was no event of acquisition of shares or voting rights in any unlisted company exceeding prescribed limits during the quarter ended on March 31, 2026.
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? Yes
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 2000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID r00082
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory 1. For the purpose of determining the Membership in Audit Committee / Stakeholders' Relationship Committee, all Public Limited Companies, whether listed or not, included debt listed, have been considered. 2. The number of membership in Audit and Stakeholders' Relationship Committee includes positions held as Chairperson. 3. Mr.Harish Lakshman (DIN:00012602), Chairman was appointed by the shareholders as Managing Director w.e.f. April 01, 2025 for a term of 5 years up to March 31, 2030. He was re-appointed pursuant to retirement by rotation by the Shareholders at their 21st Annual General Meeting held on August 05, 2025. Hence, the latest date of re-appointment is mentioned as August 05, 2025. 4. Mr.Ganesh Lakshminarayan (DIN:00012583) was re-appointed pursuant to retirement by rotation by the Shareholders at their 20th Annual General Meeting held on July 24, 2024. Hence, the date of re-appointment is mentioned as July 24, 2024. 5. Initial date of appointment of Mr.Vikram Taranath Hosangady (DIN:09757469) i.e. 16-03-2023 refers to his date of appointment as Non-Executive Non-Independent Director. He was subsequently appointed by the shareholders as a Non-Executive Independent Director w.e.f. May 28, 2025. Therefore, the tenure of director (in months) represents his completed tenure as an independent director.
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO Yes Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. HARISH LAKSHMAN 00012602 Executive Director Chairperson related to Promoter MD 12-Feb-1974 No Active NA 31-Mar-2004 05-Aug-2025 5 3 3 1
2 Mr. GANESH LAKSHMINARAYAN 00012583 Non-Executive - Non Independent Director Not Applicable 18-Mar-1954 No Active NA 31-Mar-2004 24-Jul-2024 3 1 5 2
3 Mr. PRADIP KUMAR BISHNOI 00732640 Non-Executive - Independent Director Not Applicable 03-Jul-1951 No Active NA 24-Oct-2016 20-Jul-2021 113.8 4 4 7 1
4 Mr. N RAMESH RAJAN 01628318 Non-Executive - Independent Director Not Applicable 05-Jul-1957 No Active NA 21-May-2021 21-May-2021 58.11 3 3 4 3
5 Mrs. VASUDHA SUNDARARAMAN 06609400 Non-Executive - Independent Director Not Applicable 10-Nov-1957 No Active NA 29-Jun-2022 29-Jun-2022 45.3 2 2 2 0
6 Mr. VIKRAM TARANATH HOSANGADY 09757469 Non-Executive - Independent Director Not Applicable 03-Sep-1973 No Active NA 16-Mar-2023 28-May-2025 10.4 5 5 5 2



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 01628318 N RAMESH RAJAN Non-Executive - Independent Director Chairperson 29-Jun-2021
2 00732640 PRADIP KUMAR BISHNOI Non-Executive - Independent Director Member 05-Aug-2017
3 00012583 GANESH LAKSHMINARAYAN Non-Executive - Non Independent Director Member 29-Jun-2021
4 06609400 VASUDHA SUNDARARAMAN Non-Executive - Independent Director Member 16-Mar-2023



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 01628318 N RAMESH RAJAN Non-Executive - Independent Director Chairperson 30-Jun-2022
2 00732640 PRADIP KUMAR BISHNOI Non-Executive - Independent Director Member 16-Mar-2023
3 00012583 GANESH LAKSHMINARAYAN Non-Executive - Non Independent Director Member 01-Apr-2025



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00012583 GANESH LAKSHMINARAYAN Non-Executive - Non Independent Director Chairperson 01-Apr-2025
2 01628318 N RAMESH RAJAN Non-Executive - Independent Director Member 29-Jun-2021
3 00732640 PRADIP KUMAR BISHNOI Non-Executive - Independent Director Member 22-Jan-2019



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00012602 HARISH LAKSHMAN ED Chairperson 01-Jun-2021
2 00012583 GANESH LAKSHMINARAYAN NED Member 01-Jun-2021
3 01628318 N RAMESH RAJAN ID Member 15-Feb-2024



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 04-Nov-2025 Yes 6 6 4
2 04-Feb-2026 91 Yes 6 6 4
3 20-Mar-2026 43 Yes 6 6 4



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 04-Nov-2025 Yes 4 4 3 0
2 Audit Committee 04-Feb-2026 91 Yes 4 4 3 0
3 Nomination and remuneration committee 04-Feb-2026 Yes 3 3 2 0
4 Nomination and remuneration committee 20-Mar-2026 Yes 3 3 2 0
5 Risk Management Committee 09-Oct-2025 Yes 3 3 1 0
6 Risk Management Committee 20-Mar-2026 Yes 3 3 1 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here: The report of previous quarter ended December 31, 2025 was placed before the Board at their meeting held on February 04, 2026. The report for the quarter ended March 31, 2026 will be placed at the ensuing Board meeting.



Annexure 1
Sr Subject Compliance status
1 Name of signatory S Subha Shree
2 Designation Company Secretary



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://ranegroup.com/rml-steering-and-linkage-business/
1.2 Memorandum of Association and Articles of Association Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://ranegroup.com/investors/rane-madras-limited-2/#RML_BOD
2 Terms and conditions of appointment of independent directors Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5
3 Composition of various committees of board of directors Yes https://ranegroup.com/investors/rane-madras-limited-2/#RML_Board_Committee
4 Code of conduct of board of directors and senior management personnel Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5
6 Criteria of making payments to non-executive directors Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5
7 Policy on dealing with related party transactions Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5
8 Policy for determining material subsidiaries Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5
9 Details of familiarization programmes imparted to independent directors Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-con-1
11 Email address for grievance redressal and other relevant details Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-con-1
12 Financial results Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-fin-3
13 Shareholding pattern Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-2
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-inv-1
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-inv-1
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://ranegroup.com/investors/rane-madras-limited-2/#rml-inf-stk
18 Credit rating or revision in credit rating obtained Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-fin-5
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://ranegroup.com/subsidiary-company/
20 Secretarial compliance report Yes https://ranegroup.com/wp-content/uploads/2025/05/RML_ASCR_May2025_SD.pdf
21 Materiality policy as per regulation 30 (4) Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5
23 Disclosures under regulation 30(8) Yes https://ranegroup.com/investors/rane-madras-limited-2/#rml-inf-stk
24 Statements of deviation(s) or variations(s) as specified in regulation 32 NA
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-5
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://ranegroup.com/investors/rane-madras-limited-2/?rml-cor-7
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://ranegroup.com/investors/rane-madras-limited-2/
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://ranegroup.com/investors/rane-madras-limited-2/
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) NA
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) NA
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) NA
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) NA
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided Textual Information(1)



Text Block
Textual Information(1) There are no material subsidiaries for the Company as on March 31, 2026.



Annexure II
1 Name of signatory S Subha Shree
2 Designation Company Secretary



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0
Promoter Group or any other entity controlled by them 0 0
Directors (including relatives) or any other entity controlled by them 0 0
KMPs or any other entity controlled by them 0 0
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0 0
Promoter Group or any other entity controlled by them 0 0 0
Directors (including relatives) or any other entity controlled by them 0 0 0
KMPs or any other entity controlled by them 0 0 0
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. Yes
Name B Gnanasambandam
Designation Chief Financial Officer
Place Chennai
Date 23-Apr-2026



Signatory Details
Name of signatory S Subha Shree
Designation of person Company Secretary
Place Chennai
Date 23-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 0
No. of investor complaints disposed off during the Quarter 0
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1 Deputy commissioner (ST), Commercial Tax Department, Sanga Reddy 2 circle, Nizamabad Division Order levying penalty under Section 73(9) of CGST/TGST Act, 2017 20-Oct-2025 Under declaration of Ineligible ITC for FY 2018-19 Original order was passed on October 20, 2025. Tax demand of Rs.59,204/-, Penalty of Rs.20,000/- was paid by the Company on March 24, 2026
2 Deputy commissioner (ST), Commercial Tax Department, Sanga Reddy 2 circle, Nizamabad Division Order levying interest under Section 50 & penalty under Section 73(9) of TGST Act, 2017 12-Dec-2025 Availment of excess SGST transitional credit for FY 2017-18 Original order was passed on December 12, 2025. SGST tax demand of Rs.3,75,210/- along with Penalty of Rs.37,521/- and applicable interest was paid by the Company on March 24, 2026.
3 Deputy commissioner (ST), Commercial Tax Department, Sanga Reddy 2 circle, Nizamabad Division Order levying interest under Section 50 & penalty under Section 73(9) of CGST / TGST Act, 2017 29-Dec-2025 FY 2021-22 1) Under declaration of tax liability declared in GSTR-3B as compared to GSTR-1. 2) Requirement to pay tax for cess ITC availed duing the financial year 3) Short payment of tax due to under-reporting in GSTR 3B 4) Availing ineligible ITC Original order was passed on December 29, 2025. Tax demand of Rs.4,26,133/-, Interest 2,80,731 & Penalty of Rs.57,979/- was paid by the Company on March 28, 2026.
4 Assistant Commissioner, Department of Commercial Taxes, Guindy Assessment Circle Order levying interest under Section 50 & penalty under Section 73(9) of CGST / TNGST Act, 2017 29-Dec-2025 FY 2021-22 1) Non-payment of interest on 180 days reversal on trade payables 2) ITC claimed from cancelled dealers, return defaulters & tax non payers Original order was passed on December 29, 2025. Tax demand of Rs.9,458/-, Interest 14,952 & Penalty of Rs.20,000/- was paid by the Company on January 07, 2026.
5 National Faceless Assessment Centre Penalty under Section 271(1)(c) of the Income Tax Act, 1961 18-Mar-2026 For AY 2014-15, in connection with sale of property, the difference between stamp value and sale consideration amounting to Rs.0.96 Crores has been added back as the income of the assessee Tax demand of Rs.0.30 Crores with penalty. However, the Company proposes to file appeal before Commissioner of Income Tax (Appeals) / National Faceless Assessment Centre (NFAC).


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 Deputy Commissioner of Income Tax, Large Tax Payer Unit, Chennai 24-Dec-2010 Company: Rane (Madras) Limited Period: AY 2008-09 Brief Description of the Dispute: Disallowance of commission paid, purchase of castings/forgings, Capital Gains under Sec. 54G, MTM loss and logistics services and support charges Current Status: Company has filed appeal before Commission of Income Tax (Appeals) Disputed amount: Rs.6.46 Crores No change in status. Appeal is pending.
2 Deputy Commissioner of Income Tax, Large Tax Payer Unit-2, Chennai 28-Dec-2016 Company: Rane (Madras) Limited Period: AY 2014-15 Brief Description of the Dispute: Disallowance of deduction claimed under section 80-IC, additional depreciation, Marketing services, warehousing & logistic services, deduction u/s 352AB, depreciation on goodwill Current Status: Company has filed appeal before Commission of Income Tax (Appeals) Disputed amount: Rs.2.03 Crores No change in status. Appeal is pending.
3 Assistant Commissioner of Income Tax, Circle-2, Large Tax Payer Unit, Chennai 06-Feb-2018 Company: Rane (Madras) Limited Period: AY 2016-17 Brief Description of the Dispute: Disallowance of deduction claimed under Marketing services, warehousing & logistic services, deduction u/s 352AB, depreciation on goodwill Current Status: Company has filed appeal before Commission of Income Tax (Appeals) Disputed amount: Rs.2.13 Crores No change in status. Appeal is pending.
4 Additional / Joint / Deputy / Assistant Commissioner of Income Tax / Income-tax Officer, National e-Assessment Centre, Delhi 02-Jun-2021 Company: Rane (Madras) Limited Period: AY 2017-18 Brief Description of the Dispute: Disallowance of deduction claimed under Marketing services, warehousing & logistic services, corporate guarantee commission, depreciation on goodwill Current Status: Company has filed appeal before Commission of Income Tax (Appeals) Disputed amount: Rs.2.37 Crores The Company attended the hearing during the previous quarter. Appeal is pending with Commission of Income Tax (Appeals).
5 Additional / Joint / Deputy / Assistant Commissioner of Income Tax / Income-tax Officer, National e-Assessment Centre, Delhi 25-May-2023 Company: Rane (Madras) Limited Period: AY 2020-21 Brief Description of the Dispute: TP adjustment - corporate guarantee commission, deduction u/s 352AB, depreciation on goodwill Current Status: Appeal pending before Commission of Income Tax (Appeals) Disputed amount: Rs.2.64 Crores The Company attended the hearing during the previous quarter. Appeal is pending with Commission of Income Tax (Appeals).
6 Income Tax Department 14-Jun-2023 Company: erstwhile Rane Engine Valve Limited Period: AY 2015-16. Brief Description of the Dispute: Re-assessment order was passed adding Rs.7.27 Crs to Income due to incomplete documentary evidence. Current Status: Appeal pending before National Faceless Appellate Center(NFAC). Disputed amount: Rs.0.64 Crores. NFAC has sought additional documents. The Company is in process of submitting suitable reply.
7 Income tax department (National Faceless Assessment Centre) 13-Jan-2023 Company: erstwhile Rane Brake Lining Limited Period: AY 2021-22 Brief Description of the Dispute: Classification of expenditure into revenue and capital, applicability of withholding tax on payments made to foreign entities. Current Status: Company has filed an appeal before National Faceless Appeal Centre (NFAC) Disputed amount: Rs.3.45 Crores No change in status. Order awaited.
8 Additional Commissioner, Office of the Commissioner of GST & Central Excise, Chennai South Commissionerate, Tamilnadu 20-Mar-2025 Company: erstwhile Rane Brake Lining Limited Period: 15.11.2017 to 30.06.2018 Brief Description of the Dispute: Alleging wrong classification of goods resulting in short payment of GST amounting to Rs.19.35 Crs for the period 15.11.2017 to 30.06.2018. The differential tax was paid subsequently on March 15, 2019 under protest. Writ petition filed in The Hon'ble Madras High court on March 20, 2025. Current Status: Hon'ble Madras High court granted stay on April 15, 2025 and asked department to file the response. No change in status. Order awaited.
9 Additional Commissioner, Office of the Commissioner of Central Tax and Central Excise, Audit- I Commissionerate, Chennai 30-Jun-2025 Period: 2018-19 to 2023-24 Order received for excess / wrong availment of ITC, Short payment of Tax, ITC availed on blocked credit, other miscellaneous relating to Job work procedure, applicability of RCM etc. against Show Cause Notice of Rs.22.64 crores. Disputed amount: Rs.12.23 Crores The Company has filed the appeal before the Commissioner Appeals, Chennai on March 27, 2026. Awaiting Personal Hearing.
10 Principal Commissioner of CGST and Central Excise, Chennai North 30-Sep-2025 Period: April 2021 – March 2022 Order received for an amount of Rs.0.39 crores towards non reversal of ITC on ineligible credits and short payment of tax against Show Cause notice towards Rs.2.39 crores The Company has filed the appeal before the Commissioner Appeals, Chennai on March 30, 2026. Awaiting Personal Hearing.
11 Principal Commissioner of Income Tax - 4, Chennai 09-Jan-2026 Period: AY 2020-21. Brief Description of Dispute: The Company received Show Cause Notice (SCN) in connection with initiation of revisionary assessment proceedings for the . The SCN has proposed for considering the Trademark fee of Rs.5.12 crores paid to Rane Holdings Limited as capital expenditure and to disallow Defined Benefit Plan of Rs.2.49 crores claimed as deduction in the return of income. Disputed amount: Total value of disallowances proposed - Rs.7.61 crores having a tax impact of Rs.2.66 crores. The company has received a revisionary order on February 27, 2026, partially setting aside the previous order with a direction to the Assessing Officer to make necessary enquiries and pass fresh orders: i) in respect of Trademark fees, the PCIT has directed the AO to consider the position taken in other group entities and check on the allowability of the same. ii) in respect of Defined Benefit Plan, the PCIT has accepted the submission and has directed the AO to verify and allow the same. The Company is awaiting the order from AO and will support in providing necessary clarification and justification for allowability of Trademark fees expenditure and Defined Benefit Plan.
12 Assessment Unit, National Faceless Assessment Centre, Income Tax Department 20-Feb-2026 Period: AY 2023-24. Brief Description of Dispute: Show Cause notice received towards disallowance of Rs.24.01 crores relating to treatment of gain arising from derivative assets and trademark fee expenditure. Further, the Company had also received a Transfer Pricing order under Section 92CA(3) of the Income Tax Act, 1961, whereby an upward adjustment of Rs.2.60 was proposed in connection with Stand By Letter of Credit (SBLC) Commission. Disputed amount: Rs.12.96 Crs with tax demand of Rs.3.12 Crores (excluding applicable penalty) The Authority while accepting Company submission on treatment of gain arising from derivative assets has disallowed the Trademark fee expenditure of Rs.10.37 crores paid to Rane Holdings Limited (owner of the trademark) for the use of trademark Rane as capital expenditure and has made an upward adjustment in relation to the SBLC commission of Rs.2.60 crores for AY 2023-24 vide its order made under Section 143(3) read with Section 144C of the Income Tax Act, 1961 dated March 27, 2026. The Company in the process of filing appeal before Commissioner of Income Tax Appeals.