The Ramco Cements Limited — Important, 12-03-2025: Updates

The Ramco Cements has provided an update on ongoing litigations concerning the disallowance of CENVAT Credit on Outward Freight. The appeal made to CESTAT has been remanded back to the Commissioner of GST and Central Excise in Tiruchirapalli. Following a hearing, the Original Authority issued an order dropping further proceedings on this matter, effectively resolving the issue for an amount of Rs. 4.92 Cr. This outcome reflects positively, alleviating a potentially burdensome liability for the company and enhancing operational clarity moving forward. Shareholders should watch closely for any implications this may have on the company's financial outlook.