Ramco Systems Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
RAMCOSYS · price
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Awaiting price reaction for this filing.
Ramco Systems has received an Income Tax Assessment Order dated March 2, 2026, for Assessment Year 2023-24, determining a tax demand of Rs. 0.30 million along with transfer pricing adjustments of Rs. 404.11 million. The order was issued under sections 143(3), 144C(3), and 144B of the Income Tax Act, 1961. The company disputes both the tax demand and the transfer pricing adjustments and plans to file an appeal within 30 days before the appropriate appellate authority. Based on preliminary assessment and advice from tax consultants, the company is confident of a favourable outcome and does not expect any material financial impact.
Near-term impact on the stock may be limited as the contested amount is small relative to the company and management expects the matter to be resolved in its favour. However, investors should monitor the appeal outcome since a Rs. 404 million transfer pricing adjustment, if upheld, could affect earnings.