RSWM Limited received an order from the Rajasthan High Court disposing of its appeal regarding a ₹11.07 Crore electricity duty levy on solar captive consumption. The company is evaluating the order with counsel for further appeal. The amount is currently treated as a contingent liability in the company's books.
RSWM Limited received appeal effect orders from the Income Tax Department following favorable ITAT Jodhpur rulings. The company is now entitled to total tax refunds amounting to ₹24.97 Crore (including interest) for Assessment Years 2011-12 and 2013-14. This receipt strengthens the company's cash position with no adverse impact on operations.