StockWatch
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Cement & Cement Products
Legal4 Jun 2026, 11:16 am

Ramco Cements Litigation Dropped: ₹1.60 Cr Excise Duty Case Closed

AI Summary

The Ramco Cements Ltd has announced the closure of a significant ongoing litigation concerning the levy of excise duty on bagged cement. The dispute, amounting to ₹1.60 crores, was dropped by the Original Authority via an order dated June 3, 2026. This update follows previous disclosures made by the company on August 14, 2023. The company confirms that no similar disputes are currently pending with statutory authorities, providing positive resolution to a past financial liability.

Key Highlights

  • Excise duty litigation of ₹1.60 Cr dropped by authorities.
  • Order received on June 3, 2026, resolving the dispute.
  • No similar disputes are currently pending.
  • Positive resolution for the company's financial standing.