Rane Holdings Ltd

Rane Holdings Subsidiary Faces ₹2.33 Cr Tax Adjustment Order 📉

- Rane Holdings' subsidiary, Rane Steering Systems, received a tax adjustment order dated Jan 10, 2026

- ₹2.33 Crore downward adjustment proposed on raw material purchases for AY 2023-24 (FY 2022-23)

- Adjustment excludes miscellaneous expenses and rates/taxes from operating margin calculation

- Expected financial impact on parent company: ₹0.59 Crore (excluding interest/penalties)

- Company plans to contest the order with tax advisors' consultation