Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
As filed · Ramco Industries Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
What happened
FactThe Income Tax Appellate Tribunal (ITAT) has ruled in favor of RAMCOIND regarding a dispute over disallowed expenditures under the Income Tax Act for the assessment years 2011-12 and 2013-14, resolving the issue for an amount of Rs.2.18 Crore. Additionally, the Income Tax Department's appeal on this matter was dismissed by the ITAT. The order from the ITAT was received by the company on April 11, 2025.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 0.2% of FY26 revenue
₹2.18 Cr stated in the filing against ₹1,443.5 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%