NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company1 Oct 2026 · 1 Oct 2026, 12:30 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Ramco Systems Limited · RAMCOSYS
✦ AI SummaryLitigation
Ramco Systems Limited has informed the Exchange about the pendency of litigation or dispute that impacts the company. The company's 100% subsidiary, Ramco System Inc., Philippines, received a final assessment notice from the Commissioner of Internal Revenue demanding PHP 72.40 Mln. (approximately Rs.112.00 Mln.). After representations and discussions, the Commissioner dropped almost all major demands, with a final demand for PHP 3 Mln. (approximately Rs.4.60 Mln.). The matter has been settled, and the demand has been paid.
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Governance Concern3/10
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Balance Sheet Risk4/10
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Market Sentiment5/10
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Ramco Systems Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
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RAMCOSYS_01102026122942_01102026Announcement.pdf
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October 01, 2026
National Stock Exchange of India Ltd., BSE Ltd.,
Exchange Plaza, 5th Floor Corporate Relationship Department
Plot No:C/1, G Block Phiroze Jeejheebhoy Towers
Bandra Kurla Complex, Bandra (E) Dalal Street, Mumbai – 400 001
Mumbai – 400 051 Scrip: 532370
Scrip: RAMCOSYS
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”)
Ref: Our intimation dated September 11, 2025
Pursuant to Regulation 30, Schedule III of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026, we
wish to update that we have received the ‘Final Decision’ from the Commissioner of Internal Revenue,
Philippines.
The details are enclosed in the Annexure.
The aforesaid intimation is also being hosted on the website of the Company www.ramco.com.
Kindly take the same on record.
Yours sincerely,
For RAMCO SYSTEMS LIMITED
MITHUN V
COMPANY SECRETARY & COMPLIANCE OFFICER
Encl.: As above
Ramco Systems Limited
Corporate Office: 64, Sardar Patel Road, Taramani, Chennai 600 113, Tamilnadu, India.
Tel: +91 44 2235 4510 / 6653 4000, Fax: +91 44 2235 5704│CIN : L72300TN1997PLC037550
Registered Office: 47, P.S.K. Nagar, Rajapalayam 626 108, Tamilnadu, India.
Global Offices: India│Singapore│ Malaysia│Indonesia│Hong Kong│China│Vietnam│Macau│Japan│Philippines│Australia│
New Zealand│UAE│Saudi Arabia│USA│Canada│United Kingdom│Germany│Switzerland│Spain│Sudan│South Africa
www.ramco.com
Annexure to letter dated October 01, 2026
Sl. Disclosure requirement Details
1 Brief details of litigation viz. names of the Ramco System Inc., Philippines ("RSI") a
opposing party, court / tribunal / agency 100% subsidiary of Ramco Systems Limited,
where litigation is filed, brief details of India had received on 10th September 2025 a
dispute litigation. final assessment notice / formal letter of
demand (FAN/FLD) from the Commissioner of
Internal Revenue ("CIR") dated 29th August
2025, relating to the Financial Year 2022-23,
demanding PHP 72.40 Mln. (approximately
Rs.112.00 Mln.), consisting of Income Tax,
Value Added Tax, Expanded Withholding Tax,
Withholding Tax on Compensation, Final
Withholding Tax, Final Withholding of Value-
Added Tax, Documentary Stamp Tax and
Interest. There was also a demand for
Compromise penalty of PHP 45,000
(approximately Rs.0.07 Mln.)
RSI filed an administrative protest against the
claim.
Based on our representation and discussions,
we have received on 30th September 2026,
the ‘Final Decision’ dated 29th September
2026 from the Commissioner of Internal
Revenue, dropping almost all major demands,
with a final demand for PHP 3 Mln.
(approximately Rs.4.60 Mln.) including
compromise penalty of PHP 20,000
(approximately Rs.0.03 Mln.) as against the
o riginal demand mentioned above.
2 Expected financial implications, if any, due Based on the Final decision, RSI has paid the
to compensation, penalty etc. demand of PHP 3 Mln (approximately Rs.4.6
Mln.) on 30th September 2026 and this matter
has now been settled.
3 Quantum of claims, if any. Refer above.
Ramco Systems Limited
Corporate Office: 64, Sardar Patel Road, Taramani, Chennai 600 113, Tamilnadu, India.
Tel: +91 44 2235 4510 / 6653 4000, Fax: +91 44 2235 5704│CIN : L72300TN1997PLC037550
Registered Office: 47, P.S.K. Nagar, Rajapalayam 626 108, Tamilnadu, India.
Global Offices: India│Singapore│ Malaysia│Indonesia│Hong Kong│China│Vietnam│Macau│Japan│Philippines│Australia│
New Zealand│UAE│Saudi Arabia│USA│Canada│United Kingdom│Germany│Switzerland│Spain│Sudan│South Africa
www.ramco.com