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RAMCOSYSNSERamco Systems Limited· IT - SoftwareMediumNeutral
Announced Thu, 11 Sept, 2025 · 14:10 IST

Philippines subsidiary receives tax demand of about Rs 112 million

Regulatory & Legal View source PDFExplain this filing

RAMCOSYS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
-0.4%Reaction day
₹450.00
prior close
₹463.35
announcement price
In-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-0.3% vs market
Software Products peers, median of 34sector-0.9%+0.5% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.5 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
5m
-0.2
10m
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15m
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30m
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Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
-0.4-0.1-0.3-0.9+0.5
Next day
+2.3-0.2+2.4-2.1+4.4
2d
+5.9+0.6+5.3-1.8+7.7
3d
+10.7+1.1+9.6-1.5+12.2
4d
+16.2+1.8+14.4-0.3+16.5
5d
+22.0+1.5+20.4+0.0+22.0
1w
+13.2+1.1+12.0-0.8+14.0
15d
+16.4-1.2+17.7-2.6+19.1
1m
+23.5-1.7+25.2-2.9+26.4
2m
+31.6-1.7+33.3-5.1+36.7
3m
+46.6-6.3+52.9-8.3+54.9
UpDownMarket · Nifty Microcap 250Sector · Software Products peers, median of 34Pending

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

AI summary

Ramco Systems' wholly owned Philippine subsidiary, Ramco System Inc, received a final tax demand of PHP 72.40 million, about Rs 112 million, plus PHP 45,000 in penalty for FY 2022-23. It covers several taxes and interest. The subsidiary disputes the demand and plans to seek reconsideration. Management believes it has a strong case and does not expect a material financial impact.

Likely market impact

The subsidiary is contesting the demand, limiting immediate risk. Shareholders face some downside if the appeal fails, though management does not expect a material impact.