Rane Holdings Limited has disclosed that its wholly-owned subsidiary, Rane Steering Systems Private Limited (RSSL), has received an order from the Office of the Deputy Commissioner of Income Tax, Transfer Pricing, Chennai. The order, dated January 10, 2026, pertains to an assessment year 2023-24 (Financial Year 2022-23).

The communication involves a proposed downward adjustment of ₹2.33 Crores concerning a raw material purchase transaction. This adjustment is based on the exclusion of miscellaneous expenses and rates and taxes from the computation of the operating margin.

The expected financial implication on RSSL is estimated at ₹0.59 Crores, excluding any applicable interest and penalty. RSSL is currently in consultation with its tax advisors and intends to contest the order before the appropriate authority.