RR Kabel Limited has informed stock exchanges about appeals filed by the Principal Commissioner CGST & CE, Vadodara-I Commissionerate challenging favorable refund orders worth ₹36.90 crores. The company made this disclosure under Regulation 30 of SEBI Listing Regulations on 1 April 2026.

Appeal Details and Background

The Principal Commissioner has filed appeals against two Order-In-Appeal numbers VAD-CGST-001-APP-COMMR-231-2024-25 and VAD-CGST-001-APP-COMMR-230-2024-25, both issued on 26 September 2024 in favor of RR Kabel. These appeals will be heard before the Goods and Services Tax Appellate Tribunal (GSTAT).

Nature of Dispute

The dispute centers on a refund matter where the Department initially alleged erroneous refund under Section 73(1) of the CGST Act, 2017, along with interest under Section 50 and penalty under Sections 73(9) and 122. The Department invoked Rule 89(4B) read with Notification No. 79/2017-Cus in their original assessment.

RR Kabel maintained that the refund was correctly claimed under Section 54(3) read with Rule 89(4), arguing that no benefit of the said notification was availed. The appellate authority accepted the company's position and dropped the demand in orders dated 26 September 2024.

Current Appeal Contentions

The Department has now challenged these favorable orders, contending that the refunds aggregating to ₹36,90,78,517/- were incorrectly allowed under Rule 89(4) instead of Rule 89(4B). This represents the core legal disagreement between the tax authorities and the company regarding the appropriate refund provision.

Company's Position

RR Kabel has stated that it does not expect any material financial implications on account of these appeals. The company has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about the development.

The intimation has also been uploaded on the company's website at www.rrkabel.com as part of its transparency commitments. Company Secretary and Compliance Officer Anup Vaibhav C. Khanna signed the disclosure document on behalf of RR Kabel Limited.

RR Kabel Limited has received a re-assessment order from the Income Tax Department for Assessment Year 2022-23, resulting in a demand of ₹9.01 crores including interest. The company disclosed this development to stock exchanges on 30 March 2026 under SEBI regulations.

Re-assessment Order Details

The Office of the Deputy Commissioner of Income Tax, Central Circle-1, Vadodara issued the re-assessment order under Section 143(3) read with Section 147 of the Income Tax Act. The order pertains to Assessment Year 2022-23, covering Financial Year 2021-22.

Nature of Tax Demand

The income tax demand arose from certain additions and disallowance of expenditures under various sections of the Income Tax Act. The IT Department conducted assessment proceedings and subsequently raised the demand under Section 156 of the Act. However, no penalties or sanctions were imposed pursuant to this communication.

Company's Response and Impact Assessment

RR Kabel Limited has indicated its intention to file an appeal against the re-assessment order. The company has assessed that it does not expect any material impact on its financials, operations or other activities due to this order.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. This communication continues the company's series of intimations to stock exchanges, following earlier notifications dated 29 November 2023, 04 December 2023, 31 March 2025, 18 March 2026, 24 March 2026 and 28 March 2026. The company has uploaded this intimation to its website at www.rrkabel.com as part of its transparency obligations.