Update on Ongoing Litigations
RAMCOCEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Ramco Cements Limited has received a favorable order dated 15th May 2026 regarding an excise duty dispute. The Original Authority has dropped the levy of Excise Duty based on Maximum Retail Price (MRP) for bagged cement, which was originally disputed at Rs. 66.65 crores. This is a significant positive development as the entire demand has been removed. The company also disclosed that similar nature disputes currently pending with statutory authorities amount to Rs. 1.60 crores. The order was received on 18th May 2026 via email.
This is a positive outcome for the company as it eliminates a potential liability of Rs. 66.65 crores, strengthening the balance sheet. Shareholders should view this favorably as it removes uncertainty around a major tax dispute.