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Ram Ratna Wires Limited ( (IN:RAMRAT) ) has shared an announcement.
Ram Ratna Wires Limited has received an Assessment Order from the Deputy Commissioner of Income Tax for the Assessment Year 2023-24, demanding Rs. 13.62 crores, including interest, due to certain additions under various sections of the Income Tax Act. The company plans to appeal the order and does not anticipate any significant financial impact, indicating a proactive approach to managing regulatory challenges and maintaining its financial stability.
More about Ram Ratna Wires Limited
Ram Ratna Wires Limited operates in the wire and cable industry, focusing on the production and distribution of various types of wires and cables. The company is known for its commitment to quality and innovation, serving a diverse range of markets and industries.
YTD Price Performance: -5.44%
Average Trading Volume: 1,979
Current Market Cap: 23.94B INR
Find detailed analytics on RAMRAT stock on TipRanks’ Stock Analysis page.