The Ramco Cements Limited — Important, 25-03-2025: General Updates

The Ramco Cements has reported ongoing litigation with the Income Tax Department regarding re-assessment proceedings for the assessment year 2017-18. The department initially issued a notice for disallowances amounting to ₹1.46 crore, which was subsequently reduced to ₹0.09 crore. However, a re-assessment order led to a demand notice totaling ₹57.96 crore, which the company contests due to a calculation error. Ramco Cements plans to file a rectification petition, which may pose financial implications if the demand is upheld. This situation could create potential risks for shareholders, depending on the outcome of the legal proceedings.