Ramco Systems Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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RAMCOSYS · price

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Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹463.10

prior close

₹465.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-0.0% vs market

Software Products peers, median of 31sector-0.5%+0.4% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.4 pts more than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

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15m

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30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1-0.1-0.0-0.5+0.4

Next day

-1.1+1.3-2.4-0.3-0.8

-0.6+2.1-2.6-0.1-0.5

-1.8+2.5-4.3-0.1-1.7

-3.3+1.0-4.2+0.1-3.3

-8.2+0.6-8.8-1.7-6.5

-13.5-0.1-13.4-2.8-10.7

15d

-11.4+1.3-12.6-2.1-9.3

-14.8+2.1-16.9-2.2-12.6

-18.2-1.4-16.8-2.9-15.3

-2.9-0.1-2.8-2.8-0.0

UpDownMarket · Nifty Microcap 250Sector · Software Products peers, median of 31Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ramco Systems' wholly owned subsidiary in the Philippines, Ramco System Inc. (RSI), has received a tax demand from the Philippines' Commissioner of Internal Revenue (CIR) relating to financial year 2017-18. The demand totals PHP 60.18 million (approximately Rs. 9.29 crore), covering Income Tax, Value Added Tax, withholding taxes, Documentary Stamp Tax, and applicable interest. RSI disputes the demand and plans to file an appeal before the Court of Tax Appeals within the prescribed time limit. Based on preliminary assessment and advice from its tax consultant, the company believes it has a strong case and does not expect any material financial impact.

Likely market impact

This is a tax dispute at the subsidiary level and the company is contesting it through appeal, so near-term impact on the stock may be limited. However, if the appeal fails, the subsidiary could face a liability of around Rs. 9.29 crore, which investors should monitor.