Ramco Systems Limited submitted a Monitoring Agency Report by ICRA Ltd. for the quarter ending September 30, 2024, confirming no deviations in the utilization of proceeds from their 2022 preferential issue. The report verifies that all funds were utilized as per the disclosed purposes, including repayment of borrowings, sales and marketing, and capital expenditure. Current unutilized proceeds amount to ₹30 crore, invested in fixed deposits and mutual funds, with all projects on schedule.