Ramco Cements Resolves ₹66.65 Cr Excise Duty Dispute

Ramco Cements has announced the resolution of a significant litigation concerning the levy of Excise Duty based on Maximum Retail Price (MRP) for bagged cement. The Original Authority has dropped the matter, which involved a disputed amount of ₹66.65 crores. The company received the official order, dated May 15, 2026, via email on May 18, 2026, at 16:49 PM. This development addresses a specific point previously disclosed in the company's report on material litigations dated August 14, 2023.

Status of Pending Disputes

Despite the resolution of the primary dispute, the company noted that other similar matters remain under review by statutory authorities. These outstanding disputes aggregate to a total of ₹1.60 crores. These figures were part of the company's earlier communication to the exchanges in August 2023.

Breakdown of Litigation Status

The following table summarises the current status of the excise duty disputes involving The Ramco Cements Limited:

Dispute Status	Amount	Description
Dropped	₹66.65 crores	Excise duty levy based on MRP for bagged cement
Pending	₹1.60 crores	Similar disputes with statutory authorities

The company has requested the stock exchanges to take this update on record. The communication was formally signed by K. Selvanayagam, Secretary of The Ramco Cements Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.94%	-6.71%	-12.97%	-11.24%	-11.91%	-10.02%

Ramco Cements has notified the stock exchanges of an upcoming Board of Directors meeting, designated as Board Meeting No. 3/2026, scheduled for Friday, May 22, 2026. The meeting is to be held at the company's Corporate Office located at No. 98-A, Dr. Radhakrishnan Road, Mylapore, Chennai. The primary agenda includes consideration of the audited annual accounts for the year ended March 31, 2026, covering both standalone and consolidated financials, as well as the recommendation of dividend.

Board Meeting Details

The key parameters of the scheduled board meeting are outlined below:

Parameter:	Details
Meeting Number:	Board Meeting No. 3/2026
Meeting Date:	Friday, May 22, 2026
Venue:	Corporate Office, 98-A, Dr. Radhakrishnan Road, Mylapore, Chennai-4
Agenda – Accounts:	Audited Annual Accounts (Standalone and Consolidated) for the year ended March 31, 2026
Agenda – Dividend:	Recommendation of Dividend
Regulatory Compliance:	Regulations 29 and 50 of SEBI (LODR) Regulations, 2015

Trading Window Closure

In continuation of the company's earlier communication dated March 23, 2026, which had informed exchanges of the trading window closure effective April 1, 2026, the company has now confirmed that the trading window for dealing in the securities of the company shall remain closed for its Directors and other designated persons, including their immediate relatives, until May 26, 2026.

This closure is in accordance with the Company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and their Immediate Relatives, as well as the Code of Practices and Procedures for Fair Disclosure.

Regulatory Intimation

The intimation has been provided in compliance with the provisions of Regulations 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by K. Selvanayagam, Secretary, on May 11, 2026.