Rane (Madras) Limited (RML) announced on 25 Mar 25 that it has received a Show Cause Notice (SCN) from the Income Tax Department's National Faceless Assessment Unit on 24 Mar 25. The SCN is related to the financial year 2021-22 (Assessment Year 2022-23) and concerns details regarding remuneration to the Chairman, capital expenditure on research and development, foreign travel expenses, and profit on the sale of assets. The notice indicates a potential tax impact of Rs 2.02 crores. RML stated they are preparing a response and are confident in furnishing all necessary information.