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.
