Ramco Industries Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RAMCOIND · price
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Ramco Industries Limited has won a tax dispute at the High Court level. The Income Tax Department had challenged an earlier ITAT order that treated the company's subsidy income as a 'capital receipt' (rather than taxable income). On 22 September 2025, the High Court dismissed the Department's appeal, ruling in favour of the company. The disputed tax amount involved was Rs 156.04 Lakhs. The company received the order copy on 24 September 2025 and has informed the stock exchanges as required under SEBI LODR regulations.
This is a positive outcome for shareholders as the company has successfully defended against a tax demand of Rs 156.04 Lakhs. With this ruling, the treatment of subsidy as a capital receipt stands upheld, removing a tax liability overhang on the stock.