Rane Holdings has received a favorable development in a tax dispute involving its wholly owned subsidiary, as the Income Tax Appellate Tribunal remanded a significant tax case back to lower authorities for fresh consideration. The tribunal's order dated March 04, 2026, provides relief to Rane Steering Systems Private Limited (RSSL) in a matter involving Rs.6.74 crores in tax demands.

Tribunal Order Details

The Income Tax Appellate Tribunal 'C' Bench in Chennai has remanded the appeal back to the Commissioner of Income Tax (Appeals) for fresh adjudication on critical tax matters. The order was received by RSSL on March 11, 2026, following the company's earlier disclosure in September 2025 regarding the initial tax department order.

Key Issues Under Review

The tribunal has directed fresh consideration of two primary matters that form the core of the tax dispute:

• Jurisdictional validity for reopening the original assessment
• Revenue expense deductions that were disallowed under Section 37 of the Income Tax Act, 1961, and treated as capital expenditure instead

The original dispute arose when the Income Tax Department's National Faceless Appeal Centre disallowed certain revenue expenses claimed by RSSL, treating them as capital expenditure and creating the substantial tax demand.

Company's Response Strategy

RSSL is now awaiting a hearing from the Commissioner of Income Tax (Appeals) office following the tribunal's remand order. The company has indicated its preparedness to provide comprehensive supporting documentation and justification for the allowability of the disputed revenue expenses.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI LODR regulations, specifically Part A Para B.8 Schedule III, which requires listed companies to inform exchanges about material communications from regulatory authorities. Rane Holdings has confirmed that all information provided in the regulatory filing is true, correct, and complete to the best of their knowledge.

The remand order represents a significant procedural victory for the Rane Group subsidiary, as it provides a fresh opportunity to present its case on both jurisdictional and substantive tax matters before the appellate authority.

Source: None/Company/INE384A01010/e10516a5-049e-4ced-8c7c-a8a7033d9198.pdf

Rane Holdings Limited has announced the availability of the transcript from its earnings conference call, ensuring transparency and compliance with regulatory requirements for investor communication.

Conference Call Details

The earnings conference call was conducted on February 17, 2026 at 15:00 hrs (IST). The company has now made the complete transcript of this investor interaction available to stakeholders.

Regulatory Compliance

The transcript disclosure was communicated to both major stock exchanges on February 24, 2026. This action demonstrates the company's commitment to maintaining transparency with its investor community and adhering to prescribed disclosure norms.

The communication was addressed to:

• BSE Limited (Listing Centre)
• National Stock Exchange of India Ltd. (NEAPS)

Document Authentication

The regulatory filing was digitally signed by Siva Chandrasekaran, Secretary of Rane Holdings Limited, on February 24, 2026 at 12:02:25 +05'30'. This digital authentication ensures the document's integrity and authenticity in compliance with electronic filing requirements.

Investor Access

Investors and stakeholders can access the complete earnings call transcript through the dedicated investor information section on the company's official website. This accessibility supports informed decision-making by providing direct access to management discussions and financial insights shared during the conference call.