Key Quantitative Figures

The company received five separate favourable orders on November 6, 2026, which dropped the following total disputed amounts for corporate guarantees issued to group associate M/s. Harini Textiles Ltd.:

  • Financial Year 2018-19: ₹8,33,220 (Order received at 12:43 PM)
  • Financial Year 2019-20: ₹8,33,220 (Order received at 12:46 PM)
  • Financial Year 2021-22: ₹8,33,220 (Order received at 12:48 PM)
  • Financial Year 2022-23: ₹8,33,220 (Order received at 12:49 PM)
  • Financial Year 2023-24: ₹4,16,610 (Order received at 12:53 PM)

Total GST, interest, and penalty demand dropped: ₹37,49,490

Dates of Action

  • Original penalty disclosure date: November 4, 2025
  • Date of receipt of favourable orders: November 6, 2026 (starting from 12:43 PM onwards)
  • Date of original corporate announcement submission to exchange: November 7, 2026, at 11:33 AM
  • Date of BSE query: November 9, 2026
  • Date of this clarification letter: November 11, 2026

Parties Involved

  • Listed Entity: Ramco Industries Limited
  • Regulatory Authority: The Deputy Commissioner (ST), Appeals, Chennai South
  • Group Associate: M/s. Harini Textiles Ltd. (recipient of corporate guarantees)
  • Stock Exchanges: BSE Limited, National Stock Exchange of India Limited

Purpose and Regulatory References

The purpose of this communication is to clarify a query from BSE regarding the corporate announcement made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarifies that the original announcement was made within the prescribed 24-hour timeline from the receipt of the orders. The revised annexure is submitted in strict compliance with the SEBI Circular on the Industry Standards Note on Regulation 30.

Financial Impact

As per the disclosure, pursuant to the favourable orders, "there is no material impact on the financial position, operations or other activities of the company."

Other Details

  • The orders were received electronically through the GST portal.
  • The disclosure confirms no aberrations/non-compliances were identified by the authority, no penalty/restriction/sanction was imposed, and no specific action was required from the company regarding the communication.
  • The signatory is S. Balamurugasundaram, Company Secretary and Legal Head.