Rithwik Facility Management Services Limited has informed the Bombay Stock Exchange about receiving a notice from the Commercial Tax Department of Tamil Nadu regarding GST return discrepancies for Financial Year 2023-24. The communication was made under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Notice Details and Timeline

The company received the notice on 25th February, 2026, through the GST portal. The communication was issued under section 61 of the Tamil Nadu Goods and Services Tax (TNGST) Act, 2017, by the Commercial Tax Department of the Government of Tamil Nadu.

Financial Impact and Penalties

The company has clarified that there are no material financial implications arising from this notice. Additionally, no penalty, restriction, or sanction has been imposed pursuant to this communication at present.

Company Response

Rithwik Facility Management Services Limited has stated that it will take appropriate actions in response to the notice received from the tax authorities. The disclosure was made to ensure compliance with regulatory requirements and to keep stakeholders informed about material developments.

The communication was signed by S. Jayapandi, Company Secretary & Compliance Officer (M.No.A21909), and submitted to the Bombay Stock Exchange under the company's scrip code 540843.

Rithwik Facility Management Services Limited has received an income tax demand notice of Rs.61,150/- for Assessment Year 2025-26, the company informed the Bombay Stock Exchange under Regulation 30 of SEBI listing obligations. The notice was issued by the CPC, Income Tax Department following processing of the company's income tax return.

Notice Details and Timeline

The company received the demand notice through mail on February 23, 2026. The Income Tax Department identified discrepancies while processing the company's filed return, specifically related to Tax Deducted at Source (TDS) differences that resulted in the demand for Rs.61,150/-.

Key Communication Parameters

Financial Impact and Compliance

The company has clarified that there are no material financial implications beyond the demanded amount of Rs.61,150/-. No penalties, restrictions, or sanctions have been imposed in the current notice, indicating this is a standard assessment adjustment rather than a punitive action.

Company's Response Strategy

Rithwik Facility Management Services has outlined its approach to address the notice:

• Reconcile TDS records with vendors
• Review the discrepancy identified by the tax authorities
• Take appropriate action based on the reconciliation findings

The company's measured response suggests confidence in resolving the matter through proper documentation and vendor reconciliation processes. The relatively modest amount involved indicates this is likely a routine compliance matter rather than a significant tax dispute.