Teering Systems Private Limited, Wholly Owned subsidiary of the Company has received an order from GST…
As filed · Rane Steering Systems Private Limited, Wholly Owned subsidiary of the Company has received an order from GST Authority, Chennai dropping the demand of Rs.11.88 Crores including penalty in entirety
RegulatoryNotablemateriality 61 out of 100
What happened
FactTeering Systems Private Limited, Wholly Owned subsidiary of the Company has received an order from GST Authority, Chennai dropping the demand of Rs.11.88 Crores including penalty in entirety. Limited, Wholly Owned Subsidiary of the Company (`RSSL').
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 7.2% of FY26 revenue
₹11.88 Cr stated in the filing against ₹165.69 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%