Latest news about Rithwik Facility Management Services
Rithwik Facility Management Services
156.00
0.00(0.00%)
Company Performance:
View Company Insights1D0.00%
1M0.00%
6M0.00%
1Y-4.15%
5Y+183.12%
More news about Rithwik Facility Management Services
24Mar 26
Rithwik Facility Management Services Completes 100% Disinvestment from Rithwik Indus Power Private Limited
Rithwik Facility Management Services Limited completed its 100% disinvestment from Rithwik Indus Power Private Limited on March 23, 2026, for a total consideration of Rs.20.00 lakh. The transaction involved two buyers - Rishabh Infopark Private Limited and Hanudev Infopark Private Limited - each acquiring 5,000 shares. The disinvestment was completed within the expected six-month timeframe from the November 20, 2025 agreement date, with the subsidiary having contributed nil to the parent company's financial performance in the last financial year.
16Mar 26
Rithwik Facility Management Services Pays Rs. 61,150 to Income Tax Department
Rithwik Facility Management Services Limited has paid Rs. 61,150/- to the Income Tax Department as demanded by the tax authorities. The company disclosed this payment to the Bombay Stock Exchange under Regulation 30 of SEBI LODR Regulations. This follows their earlier intimation dated February 23, 2026, demonstrating the company's commitment to regulatory compliance and stakeholder transparency.
26Feb 26
Rithwik Facility Management Services Receives GST Notice from Tamil Nadu Commercial Tax Department for FY 2023-24
Rithwik Facility Management Services Limited received a GST notice from Tamil Nadu's Commercial Tax Department on 25th February, 2026, regarding return discrepancies for FY 2023-24. The notice was issued under section 61 of TNGST Act, 2017, following scrutiny of returns. The company has confirmed no material financial implications and no current penalties, while committing to take appropriate responsive actions.
23Feb 26
Rithwik Facility Management Services Receives Income Tax Demand Notice of Rs.61,150/- for Assessment Year 2025-26
Rithwik Facility Management Services Limited received an income tax demand notice of Rs.61,150/- for Assessment Year 2025-26 from the CPC, Income Tax Department on February 23, 2026. The demand relates to TDS differences identified during income tax return processing. The company confirmed no material financial implications beyond the demanded amount and no penalties imposed, stating it will reconcile TDS records with vendors and take appropriate action.
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.
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.
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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