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Ramco Systems LimitedOthers, 22-05-2025: Monitoring Agency Report

22-05-2025 | 07:27 pm

Ramco Systems has announced a board meeting to consider the financial results for the quarter and half-year. The company has fully utilized ₹160 Cr raised through a preferential issue earlier, deploying the funds towards repayment of ₹97.5 Cr borrowings, ₹10 Cr on sales and marketing, ₹20 Cr on capital expenditure, and ₹32.5 Cr on general corporate expenses, including supplier payments and salaries. There are no delays or unutilized funds. This disciplined use of proceeds reinforces the company’s focus on strengthening operations and managing its financial position effectively.

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