Rithwik Facility Management Services
155.00
-155.00(-100.00%)
Market Cap₹47.40 Cr
PE Ratio13.55
Company Performance:
1D-100.00%
1M0.00%
6M-100.00%
1Y-100.00%
5Y-100.00%
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More news about Rithwik Facility Management Services
30Dec 25
Rithwik Facility Management Services Receives ₹4.63 Crore GST Penalty for FY 2021-22 Tax Discrepancies
Rithwik Facility Management Services Limited has received a GST penalty of ₹4,62,82,054.00 from the Assistant Commissioner, Guindy Assessment Circle, for output tax discrepancies in FY 2021-22. The penalty order was issued under Section 73 of the GST Act and uploaded to the GST Portal on December 27, 2025. The company is examining the order and exploring legal recourse to contest the penalty before competent authorities.
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23Dec 25
Rithwik Facility Gets ₹23.30L GST Demand Order, Down from Initial ₹3.91 Cr Notice
Rithwik Facility Management Services has been issued a GST demand order of ₹23.30 lakhs by Tamil Nadu GST authorities for FY2021-22, significantly reduced from the initial show cause notice of ₹3.91 crores. The order identified excess and ineligible Input Tax Credit (ITC) claims. The company has resolved some issues through DRC-03 payments and is examining the order for potential legal recourse. They have 90 days to pay or appeal the demand.
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13Dec 25
Rithwik Facility Management Loses Control of Subsidiary After Private Placement
Rithwik Facility Management Services Limited has lost control of its subsidiary Rithwik Indus Power Private Limited after the subsidiary's private placement reduced the company's stake from 100% to 27.78%. The private placement, conducted on November 10, 2025, brought in new shareholders including RR Industries Limited as the majority owner with 69.48% stake, effectively ending Rithwik Facility Management's holding company status.
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1 Year Returns:-100.00%
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