Ramco Industries Limited — Others, 04-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Ramco Industries has provided an update concerning a significant litigation regarding VAT and CST exemptions for its Silvassa unit, where the sales tax department had sought a differential liability of ₹37 crore for the years 1998-2002. The Bombay High Court initially quashed the department's circular, but the Commercial Tax Department appealed to the Supreme Court. The Supreme Court has now dismissed this appeal, a decision received by the company recently. This outcome is positive for Ramco, potentially alleviating substantial financial obligations while reinforcing investor confidence amid operational uncertainties.