Rathi steel & power Limited has scheduled a board meeting for February 13, 2025, to review and approve its unaudited standalone financial results for the third quarter of fiscal year 2026. The company made this announcement through a formal communication to BSE Limited, adhering to regulatory requirements under SEBI Listing Regulations.

Board Meeting Details

The meeting will focus on considering and approving the company's financial performance for specific reporting periods. Key aspects of the scheduled board meeting include:

Trading Window Restrictions

In accordance with standard regulatory practices, the company has implemented trading restrictions to ensure compliance with insider trading regulations. The trading window closure affects specific categories of individuals associated with the company.

Regulatory Compliance

The announcement demonstrates the company's adherence to SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. This formal communication ensures transparency and keeps stakeholders informed about important corporate developments. The company's proactive approach to regulatory compliance reflects its commitment to maintaining proper corporate governance standards.

The financial results for the quarter and nine months ended December 31, 2025, will provide insights into the company's operational and financial performance during this period. Stakeholders and investors will be able to access these results following the board's approval and subsequent announcement.

Rathi Steel & Power Limited has achieved a significant legal victory with the appellate authority dropping a GST demand of ₹2.58 crores along with associated penalties and interest. The Commissioner (Appeals) GST, CX & Customs, Bhubaneswar, Odisha allowed the company's appeal and completely dropped the demand that was originally raised by tax authorities.

Appeal Outcome Details

The appellate authority delivered a favorable ruling for the company, completely setting aside the original GST demand order. The Commissioner (Appeals) issued the order allowing the appeal and dropping all financial demands against the company.

Background of Original GST Demand

The original demand was raised by the Additional Commissioner, GST & Central Excise, Rourkela, Odisha under Section 73(9) CGST/OGST Act 2017. The company had previously disclosed receiving this demand order and had indicated plans to challenge it through appropriate legal channels.

Previous GST Matter Resolution

This successful appeal outcome follows the company's ongoing efforts to address GST-related matters. The company had previously received another GST demand notice of ₹5.73 crores from Ghaziabad tax authorities, which involved issues related to E-Way Bills and Input Tax Credit claims.

Financial and Operational Impact

With the appellate authority dropping the ₹2.58 crore demand, the company faces no financial impact from this particular GST matter. The successful appeal demonstrates the company's ability to effectively challenge tax demands through proper legal channels.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015. This update was provided in furtherance to the original disclosure made when the demand was first received, ensuring complete transparency with stakeholders regarding the resolution of this tax matter.