Ramco Industries Limited — Others, 04-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Ramco Industries has provided an update on a significant ongoing litigation concerning the entry tax imposed by the Government of West Bengal. Following previous rulings deeming the tax unconstitutional, the Hon’ble High Court recently favored the government, impacting the company with a liability of ₹2.95 crore plus interest of ₹7.00 crore as of January 31, 2025. The company plans to appeal this decision, which may prolong the litigation. This development could signal risks for investors, given the financial implications and potential operational uncertainties arising from the appeal process. However, effective legal strategy may offer a path forward.