Ramco Systems Limited — Others, 05-02-2025: Monitoring Agency Report

Ramco Systems Limited submitted the Monitoring Agency Report from ICRA Ltd. for the quarter ended December 31, 2024, confirming that the utilization of proceeds from the 2022 Preferential Issue aligns with the stated objectives. No deviations were noted in the allocation of the INR 160 crore raised, which covers repayment of borrowings, sales and marketing expenses, capital expenditures, and general corporate purposes. This transparent monitoring could enhance investor confidence, indicating effective financial governance. The reaffirmation of no deviations suggests a stable outlook for the company’s future operations and funding strategy, which may positively influence investor sentiment.