Ramco Industries Limited has informed the Exchange about General Updates
RAMCOIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.4 pts less than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ramco Industries had previously disclosed GST penalties of Rs. 7.52 lakhs (for FY 2021-22) and Rs. 11.53 lakhs (for FY 2022-23) imposed by the Deputy Commissioner of State Tax, Indore, over mismatches in Input Tax Credit claims and turnover declarations across GST returns. The Appellate Authority of GST, Madhya Pradesh, in its order dated 18 June 2025, has dropped both the demands and the penalties in full. The combined relief is around Rs. 19.05 lakhs. The company has stated there is no financial impact as the outcome is favorable. The total original GST demand was Rs. 75.24 lakhs and Rs. 1.15 crore for the two years respectively.
Positive for shareholders — the company has successfully appealed and got GST penalties worth roughly Rs. 19 lakhs quashed, removing a small but unwelcome liability. The financial impact is minor in scale, but the favorable ruling reduces any ongoing tax uncertainty for those two assessment years.