Ram Ratna Wires Receives GST Demand Notice for ₹29.23 Cr

Ram Ratna Wires Ltd has received a Show Cause-cum-Demand Notice from the Directorate General of Goods and Services Tax Intelligence (DGGI) for the financial years 2020-21 to 2023-24. The notice alleges a GST demand of ₹29.23 Crores, along with applicable interest and penalties. The company is currently evaluating the notice and plans to file detailed submissions to rebut the allegations within the prescribed timeline. Ram Ratna Wires stated that it does not currently foresee any material impact on its financials or operations.