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Rail Vikas Nigam Limited Receives Demand Notice from Pune Tax Authorities for FY 2021-22

Company to Challenge Rs 1.99 Lakh Demand; Confirms No Significant Impact on Operations
Indian Masterminds Stories

Rail Vikas Nigam Limited (RVNL) has officially disclosed that it has received a Demand Notice (DRC-07) from the Office of the Deputy Commissioner of State Tax, Pune, Maharashtra. The notice, dated June 19, 2025, pertains to a tax demand amounting to Rs 1.99 Lakhs for the financial year 2021-22.

Details of the Demand Notice

The Demand Notice, bearing the order number ZD2706250849560, was served to RVNL on June 19, 2025. This notice requires the company to comply with the specified tax demand issued by the Pune State Tax authorities.

Company Response and Next Steps

RVNL has stated that it plans to challenge the demand notice through the appropriate legal and administrative channels. The company has reassured stakeholders that this tax demand will not have any significant adverse effect on its financial standing, operational activities, or other business functions.

Compliance with SEBI Regulations

This disclosure by RVNL has been made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and timely communication with investors and the market.

Outlook

While the tax demand is modest in value, the company’s decision to contest the notice underscores its commitment to prudent financial management and adherence to regulatory compliance. RVNL remains focused on its ongoing infrastructure projects and operational growth despite this matter.

About RVNL

RVNL is a key infrastructure arm of the Ministry of Railways, responsible for executing high-value rail construction and development projects across India. It holds Navratna CPSE status and plays a critical role in modernizing India’s railway network.


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