The Ramco Cements Limited — Important, 20-03-2025: General Updates

The Ramco Cements has updated shareholders regarding a litigation outcome related to the disallowance of CENVAT Credit on Outward Freight. The company’s appeal to the CESTAT was remanded to the Original Authority, resulting in a decision to drop further proceedings, resolving the matter for an amount of Rs. 2.98 Crores (inclusive of CENVAT Credit and penalty). However, additional disputes of a similar nature remain pending, totaling Rs. 15.35 Crores. This resolution may enhance investor sentiment, providing a positive outlook on the company's litigation management, though ongoing disputes pose a potential risk.