Ram Ratna Wires Limited has disclosed receiving Income Tax assessment orders from the Deputy Commissioner of Income Tax, Central Circle 1, Vadodara, with a significantly higher demand than previously reported. The company received these orders on March 09, 2026, via the Income Tax Portal for assessment years 2021-22 and 2022-23, representing a substantial escalation from earlier assessments.

Assessment Order Details

The Income Tax Department issued assessment orders under section 147 of the Income Tax Act, 1961, following assessment proceedings for the specified years. The orders cover financial years 2020-21 and 2021-22 respectively, with the company making the disclosure pursuant to Regulation 30(13) of the SEBI Listing Regulations.

Financial Implications

The IT Department has raised demand notices under section 156 of the Income Tax Act with substantial financial implications for the company. The total demand aggregates to Rs. 70.96 crores, which includes an interest component of Rs. 24.51 crores. These demands arise from certain additions made under various sections of the Income Tax Act during the assessment proceedings.

Company's Response Strategy

Ram Ratna Wires is currently evaluating the demand orders received from the tax authorities. The company has outlined a comprehensive approach to address these assessments, similar to its previous strategy for earlier orders. The company plans to file rectification applications for computational and clerical errors identified in the orders and intends to file appeals against the additions made to the assessed income.

The company has stated that it does not envisage any material impact on its financials, operations, or other activities arising from these orders at present, despite the significant quantum of the demand.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30(13) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. This communication continues the company's earlier intimations dated November 29, 2023, December 04, 2023, and March 31, 2025, regarding similar matters. The company has provided comprehensive details in the prescribed Form A format and additional information as required under SEBI regulations, ensuring full transparency with stakeholders regarding these regulatory developments.

Ram Ratna Wires Limited has announced the authorization of four Key Managerial Personnel (KMPs) effective April 01, 2026, for determining materiality of events and making disclosures to stock exchanges. The company made this disclosure on February 06, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Authorized Key Managerial Personnel

The Board of Directors has authorized the following KMPs for the purpose of determining materiality of events or information and making necessary disclosures to stock exchanges:

Regulatory Compliance

This authorization was made pursuant to Regulation 30(5) of the SEBI Listing Regulations and aligns with the company's policy for determination of materiality of events or information. The disclosure ensures compliance with regulatory requirements for timely and accurate information sharing with stock exchanges.

Contact Information

For investor relations and materiality-related communications, the company has provided contact details including phone number +91-022-6828 6000 and email address investorrelations.rrwl@rrglobal.com . The complete details have been made available on the company's website at www.rrshramik.com .

Implementation Timeline

The authorization of these Key Managerial Personnel will become effective from April 01, 2026, providing the company with designated personnel responsible for materiality assessments and regulatory disclosures. This structured approach ensures systematic compliance with SEBI regulations and maintains transparency in corporate communications with stakeholders.