RAMCO SYSTEMS LTD : SETTLES PHILIPPINES TAX LITIGATION FOR PHP 3 MLN

• Ramco Systems Inc., Philippines, paid the final demand of PHP 3 Mln (~Rs.4.60 Mln) to Commissioner of Internal Revenue for FY 2022-23. • The settlement resolves a tax dispute where the original demand was PHP 72.40 Mln. • The company had previously filed an administrative protest against the initial claim.

Ramco Systems Limited

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