Ramco Systems MD, chairman, board of directors and AGM
NSE: RAMCOSYSBSE: 532370IT - SoftwareSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹530.90.
- Next results date: the board meets on 23 Oct 2026 to consider: financial results and other business matters.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,992 Cr1,221st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 23 Jul 2026
- 48.0
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹21 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 31.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 22 May 2026
- 5.7
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 23 Jul 2026
- 12.5%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes −₹21 crore of one-off items, the largest of them in the quarter to Dec 2025.
- 18.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 23 Jul 2026
- 17.7%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 22 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 92,45043.8% delivered
Ramco Systems board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonPUSAPADI RAMASUBRAMANIA RAJA VENKETRAMA RAJARelated to the promoter
- Managing directorPOOSAPADI VENKETRAMA RAJA ABINAVRAMASUBRAMANIAMRAJA
- Company Secretary and Compliance OfficerMITHUN V
8 directors4 independent1 executive3 non-executive
- PUSAPADI RAMASUBRAMANIA RAJA VENKETRAMA RAJA · ChairpersonNon-executive · joined Feb 1997 · reappointed Aug 2025 · 5 listed boards · 7 committee seats, 4 as chair
- POOSAPADI VENKETRAMA RAJA ABINAVRAMASUBRAMANIAMRAJA · Managing directorExecutive · joined Jun 2017 · reappointed Nov 2024 · 3 listed boards · 1 committee seat
- ARRAKUNDAL VELAYUTHA RAJA DHARMAKRISHNANNon-executive · joined Jan 2008 · reappointed Aug 2023 · 2 listed boards · 4 committee seats
- SANKAR KRISHNANNon-executive · joined May 2018 · reappointed Aug 2024 · 1 listed board · 2 committee seats
- POSAPADI PERUMAL SUBBA RAJA JANARTHANA RAJAIndependent · joined Aug 2018 · reappointed Aug 2023 · 94 months as independent · 2 listed boards · 2 as independent · 7 committee seats, 4 as chair
- MAYURAM SWAMINATHAN KRISHNANIndependent · joined Feb 2024 · reappointed Mar 2024 · 28 months as independent · 2 listed boards · 2 as independent · 2 committee seats
- ARAVIND SRINIVASANIndependent · joined Feb 2024 · reappointed Mar 2024 · 28 months as independent · 2 listed boards · 2 as independent · 2 committee seats
- CHITRA VENKATARAMANIndependent · joined Mar 2025 · 15 months as independent · 3 listed boards · 3 as independent · 2 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- SOUNDARA KUMAR, left 26 Mar 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 21 May 20268 of 8 present4 independent · 112 days in between
- 28 Jan 20267 of 8 present3 independent
Audit Committee
Chair POSAPADI PERUMAL SUBBA RAJA JANARTHANA RAJA
ARRAKUNDAL VELAYUTHA RAJA DHARMAKRISHNAN, SANKAR KRISHNAN, MAYURAM SWAMINATHAN KRISHNAN, ARAVIND SRINIVASAN, CHITRA VENKATARAMAN
- 21 May 20266 of 6 present4 independent · 112 days in between
- 28 Jan 20266 of 6 present3 independent
Nomination and remuneration committee
Chair POSAPADI PERUMAL SUBBA RAJA JANARTHANA RAJA
ARRAKUNDAL VELAYUTHA RAJA DHARMAKRISHNAN, ARAVIND SRINIVASAN
- 21 May 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair PUSAPADI RAMASUBRAMANIA RAJA VENKETRAMA RAJA
ARRAKUNDAL VELAYUTHA RAJA DHARMAKRISHNAN, POOSAPADI VENKETRAMA RAJA ABINAVRAMASUBRAMANIAMRAJA, POSAPADI PERUMAL SUBBA RAJA JANARTHANA RAJA
- 21 May 20264 of 4 present1 independent · 21 days in between
- 29 Apr 20264 of 4 present1 independent
Risk Management Committee
Chair PUSAPADI RAMASUBRAMANIA RAJA VENKETRAMA RAJA
POOSAPADI VENKETRAMA RAJA ABINAVRAMASUBRAMANIAMRAJA, MAYURAM SWAMINATHAN KRISHNAN, ARRAKUNDAL VELAYUTHA RAJA DHARMAKRISHNAN, R RAVIKULA CHANDRAN, RAGHUVEER SANDESH BILAGI
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair PUSAPADI RAMASUBRAMANIA RAJA VENKETRAMA RAJA
SANKAR KRISHNAN, POSAPADI PERUMAL SUBBA RAJA JANARTHANA RAJA
No meeting listed in the filing.
Fund Raising Committee
PUSAPADI RAMASUBRAMANIA RAJA VENKETRAMA RAJA, POOSAPADI VENKETRAMA RAJA ABINAVRAMASUBRAMANIAMRAJA, ARRAKUNDAL VELAYUTHA RAJA DHARMAKRISHNAN, POSAPADI PERUMAL SUBBA RAJA JANARTHANA RAJA
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s. M S Jagannathan & N Krishnaswami, Chartered AccountantsPeer-review certificate valid to Jul 2028
2 earlier auditors
- M S Jagannathan & N Krishnaswami, Chartered AccountantNamed in the filing for the quarter to Jun 2025
- M S Jagannathan & N Krishnaswami, Chartered AccountantsNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Ramco Systems AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Ramco Systems share news and announcements
Annual general meeting, 20 Aug 2026
36,652 shareholders on the register on 13 Aug 2026; present: 9 promoters and 58 others; votes counted by Srinivasan Krishnaswami / Ms. M S Jagannathan and N Krishnaswami, Chartered Accountants.The company's voting result (opens in a new tab)
To consider and adopt a.the Report of the Board of Directors, Audited Separate (Standalone) Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 61.26% · promoters 100.00% · institutions 25.42% · other public 7.60%
- To consider and appoint a Director in place of of Mr. A V Dharmakrishnan (DIN: 00693181), who retires by rotation and being eligible, has offered himself for re-appointment.Ordinary99.73% for0.27% against
Against: promoters 0.00% · institutions 4.78% · other public 0.02%
Turnout: all 61.26% · promoters 100.00% · institutions 25.42% · other public 7.60%
- To consider and approve the Employee Stock Option Scheme - 2026 and grant of Stock Options to the eligible employees of the Company.Special94.45% for5.55% against
Against: promoters 0.00% · institutions 100.00% · other public 0.19%
Turnout: all 61.26% · promoters 100.00% · institutions 25.42% · other public 7.60%
To consider and approve the Employee Stock Option Scheme - 2026 and grant of Stock Options to the eligible employees of the Company, Group/Subsidiary /Associate Companies in India or outside India, of the CompanyMoreLess
Special94.45% for5.55% againstAgainst: promoters 0.00% · institutions 100.00% · other public 0.29%
Turnout: all 61.26% · promoters 100.00% · institutions 25.42% · other public 7.60%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 13 Aug 2025, 4 resolutions
31,341 shareholders on the register on 6 Aug 2025; present: 17 promoters and 50 others; votes counted by K Srinivasan / M S Jagannathan & N Krishnaswami, Chartered Accountants.The company's voting result (opens in a new tab)
To receive, consider and adopt: a. the Audited Separate (Standalone) Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of Board of Directors and Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.95% · promoters 100.00% · institutions 36.30% · other public 3.85%
- To appoint a Director in place of Mr. P R Venketrama Raja (DIN: 00331406), who retires by rotation and being eligible, offers himself for re-appointment.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.10% · other public 0.04%
Turnout: all 59.95% · promoters 100.00% · institutions 36.30% · other public 3.85%
Designating Mr. P V Abinav Ramasubramaniam Raja (DIN: 07273249) as the Managing Director, who is currently a whole time key managerial personnel in the position of Manager with the designation as Whole Time Director.MoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 59.95% · promoters 100.00% · institutions 36.30% · other public 3.85%
Appointment of M/s. Sriram Krishnamuthy & Co., (Firm Unique Identification Number: P1994TN045300) as Secretarial Auditor of the Company for a term of 5 consecutive years commencing from the FY 2025-26 to FY 2029-30 and hold office from the conclusion of 28th AGM until the conclusion of 33rd AGM.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.95% · promoters 100.00% · institutions 36.30% · other public 3.85%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 29 Apr 2025, 1 resolution
31,757 shareholders on the register on 21 Mar 2025; votes counted by K SRINIVASAN / M.S. JAGANNATHAN & N. KRISHNASWAMI.The company's voting result (opens in a new tab)
- To approve appointment of Justice Chitra Venkataraman (Retd.) (DIN: 07044099) as a Non-Executive Independent Director on the Board of Directors of the CompanySpecial91.09% for8.91% against
Against: promoters 0.00% · institutions 100.00% · other public 0.01%
Turnout: all 63.25% · promoters 100.00% · institutions 36.90% · other public 13.60%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 21 Aug 2024, 3 resolutions
Present: 17 promoters and 56 others.The company's voting result (opens in a new tab)
- Adoption of Companys Separate Standalone and Consolidated Audited Financial Statements for the year ended 31st March 2024.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 62.74% · promoters 100.00% · institutions 36.38% · other public 11.40%
- Reappointment of Sankar Krishnan DIN 01597033 as a Director liable to retire by rotationOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 62.74% · promoters 100.00% · institutions 36.38% · other public 11.40%
- Reappointment of Mr P V Abinav Ramasubramaniam Raja DIN 07273249 as a Director and whole time Key Managerial Personnel in the position of Manager with the designation as Whole Time Director.SpecialPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 0.55% · other public 0.01%
Turnout: all 62.74% · promoters 100.00% · institutions 36.38% · other public 11.40%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 14 Mar 2024, 2 resolutions
The company's voting result (opens in a new tab)
- To approve the appointment of Dr. M S Krishnan (DIN: 08539017) as a Non-Executive Independent Director on the Board of the CompanySpecial99.73% for0.27% against
Against: promoters 0.00% · institutions 0.00% · other public 13.85%
Turnout: all 58.72% · promoters 99.58% · institutions 36.73% · other public 3.51%
- To approve the appointment of Dr. Aravind Srinivasan (DIN: 00088037) as a Non-Executive Independent Director on the Board of the CompanySpecial99.73% for0.27% against
Against: promoters 0.00% · institutions 0.00% · other public 13.88%
Turnout: all 58.72% · promoters 99.58% · institutions 36.73% · other public 3.51%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 10 Aug 2023, 3 resolutions
Present: 15 promoters and 47 others.The company's voting result (opens in a new tab)
- Adoption of Companys Separate Standalone and Consolidated Audited Financial Statements for the year ended 31st March 2023.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 58.98% · promoters 100.00% · institutions 41.91% · other public 2.84%
- Reappointment of Mr. A V DharmakrishnannDIN 00693181 as a Director liable to retire bynrotation.Ordinary99.95% for0.05% against
Against: promoters 0.00% · institutions 0.48% · other public 0.02%
Turnout: all 58.98% · promoters 100.00% · institutions 41.91% · other public 2.84%
- Reappointment of Justice Mr. P P S Janarthana RajanRetd DIN 06702871 as an Independent Directornfor another term of five 5 consecutive years.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 58.98% · promoters 100.00% · institutions 41.91% · other public 2.84%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 21 Jan 2023, 2 resolutions
The company's voting result (opens in a new tab)
- Issue of 14,59,854 Fully Convertible Equity Warrants on Preferential Basis to the Promoter of the Company.SpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.52%
Turnout: all 64.62% · promoters 100.00% · institutions 98.41% · other public 6.64%
- Issue of 43,79,561 Equity Shares on Preferential Basis to the Persons belonging to Promoter and Non-Promoter Category.SpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.54%
Turnout: all 64.62% · promoters 100.00% · institutions 98.41% · other public 6.64%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 10 Aug 2022, 6 resolutions
Present: 10 promoters and 53 others.The company's voting result (opens in a new tab)
- Adoption of Companys Separate Standalone and Consolidated Audited Financial Statements for the year ended 31st March 2022.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.54% · promoters 100.00% · institutions 98.35% · other public 16.91%
- Reappointment of Mr. P R Venketrama Raja DIN 00331406 as a Director liable to retire by rotation.OrdinaryPromoters have an interest in it98.71% for1.29% against
Against: promoters 0.00% · institutions 11.18% · other public 0.04%
Turnout: all 68.54% · promoters 100.00% · institutions 98.35% · other public 16.90%
Re-appointment of M S Jagannathan and N Krishnaswami Chartered Accountants as Statutory Auditors for a second term of 5 consecutive financial years commencing from 2022 2023 and to hold office from the conclusion of 25th AGM until the conclusion of 30th AGM.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 68.54% · promoters 100.00% · institutions 98.35% · other public 16.90%
- Reappointment of Shri P V Abinav Ramasubramaniam Raja DIN 07273249 as a whole time Key Managerial Personnel in the position of Manager with the designation as Whole Time Director.SpecialPromoters have an interest in it98.71% for1.29% against
Against: promoters 0.00% · institutions 11.18% · other public 0.05%
Turnout: all 68.54% · promoters 100.00% · institutions 98.35% · other public 16.90%
- Approval of Employee Stock Option Scheme 2022.Special88.41% for11.59% against
Against: promoters 0.00% · institutions 100.00% · other public 0.78%
Turnout: all 68.54% · promoters 100.00% · institutions 98.35% · other public 16.91%
Grant of Stock Options to the employees of Group Companyies including its Subsidiary Companyies or its Associate Companyies in India and outside India of the Company under Employee Stock Option Scheme 2022.MoreLess
Special88.41% for11.59% againstAgainst: promoters 0.00% · institutions 100.00% · other public 0.78%
Turnout: all 68.54% · promoters 100.00% · institutions 98.35% · other public 16.91%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 13 Aug 2025, 1 fund house
To receive, consider and adopt: a. the Audited Separate (Standalone) Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of Board of Directors and Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025, together with the Report of the Auditors thereon.MoreLess
1 for0 against- To appoint a Director in place of Mr. P R Venketrama Raja (DIN: 00331406), who retires by rotation and being eligible, offers himself for re-appointment.1 for0 against
Designating Mr. P V Abinav Ramasubramaniam Raja (DIN: 07273249) as the Managing Director, who is currently a whole time key managerial personnel in the position of Manager with the designation as Whole Time Director.MoreLess
1 for0 againstAppointment of M/s. Sriram Krishnamuthy & Co., (Firm Unique Identification Number: P1994TN045300) as Secretarial Auditor of the Company for a term of 5 consecutive years commencing from the FY 2025-26 to FY 2029-30 and hold office from the conclusion of 28th AGM until the conclusion of 33rd AGM.MoreLess
1 for0 against
Mutual fund votes, meeting of 29 Apr 2025, 1 fund house
- To approve appointment of Justice Chitra Venkataraman (Retd.) (DIN: 07044099) as a Non-Executive Independent Director on the Board of Directors of the Company
Against HDFC Mutual Fund
- HDFC Mutual FundJustice Chitra Venkataraman, 72, is former Judge of the Madras High Court. She was an independent director on the board of group companies since more than 10 years. We do not support the resolution.
0 for1 against
5 earlier meetings
Mutual fund votes, meeting of 21 Aug 2024, 1 fund house
- Adoption of Companys Separate Standalone and Consolidated Audited Financial Statements for the year ended 31st March 2024.1 for0 against
- Reappointment of Sankar Krishnan DIN 01597033 as a Director liable to retire by rotation1 for0 against
- Reappointment of Mr P V Abinav Ramasubramaniam Raja DIN 07273249 as a Director and whole time Key Managerial Personnel in the position of Manager with the designation as Whole Time Director.1 for0 against
Mutual fund votes, meeting of 14 Mar 2024, 1 fund house
- To approve the appointment of Dr. M S Krishnan (DIN: 08539017) as a Non-Executive Independent Director on the Board of the Company1 for0 against
- To approve the appointment of Dr. Aravind Srinivasan (DIN: 00088037) as a Non-Executive Independent Director on the Board of the Company1 for0 against
Mutual fund votes, meeting of 10 Aug 2023, 1 fund house
- Adoption of Companys Separate Standalone and Consolidated Audited Financial Statements for the year ended 31st March 2023.1 for0 against
- Reappointment of Mr. A V DharmakrishnannDIN 00693181 as a Director liable to retire bynrotation.1 for0 against
- Reappointment of Justice Mr. P P S Janarthana RajanRetd DIN 06702871 as an Independent Directornfor another term of five 5 consecutive years.1 for0 against
Mutual fund votes, meeting of 21 Jan 2023, 2 fund houses
- Issue of 14,59,854 Fully Convertible Equity Warrants on Preferential Basis to the Promoter of the Company.2 for0 against
- Issue of 43,79,561 Equity Shares on Preferential Basis to the Persons belonging to Promoter and Non-Promoter Category.2 for0 against
Mutual fund votes, meeting of 10 Aug 2022, 2 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Adoption of Companys Separate Standalone and Consolidated Audited Financial Statements for the year ended 31st March 2022.1 for0 against
- Reappointment of Mr. P R Venketrama Raja DIN 00331406 as a Director liable to retire by rotation.
Against Franklin Templeton Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because the board independence norms are not met and P R Venketrama Raja is a non-independent director nominee.
1 for1 against Re-appointment of M S Jagannathan and N Krishnaswami Chartered Accountants as Statutory Auditors for a second term of 5 consecutive financial years commencing from 2022 2023 and to hold office from the conclusion of 25th AGM until the conclusion of 30th AGM.MoreLess
2 for0 against- Reappointment of Shri P V Abinav Ramasubramaniam Raja DIN 07273249 as a whole time Key Managerial Personnel in the position of Manager with the designation as Whole Time Director.
Against Franklin Templeton Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because P V Abinav Ramasubramaniam Raja's proposed remuneration structure is deemed open ended and could lead to discretionary payouts and also create conflicts of interest, for the executive.
1 for1 against - Approval of Employee Stock Option Scheme 2022.
Against Franklin Templeton Mutual Fund, HDFC Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because: • The scheme permits stock options to be issued with an exercise price at a deep discount to the market price, as on grant date. • The exact performance targets for vesting have not been disclosed.
- HDFC Mutual FundESOPs are being granted at a significant discount to market price
0 for2 against Grant of Stock Options to the employees of Group Companyies including its Subsidiary Companyies or its Associate Companyies in India and outside India of the Company under Employee Stock Option Scheme 2022.MoreLess
Against Franklin Templeton Mutual Fund, HDFC Mutual Fund
- Franklin Templeton Mutual FundA vote AGAINST this resolution is warranted because: • The scheme permits stock options to be issued with an exercise price at a deep discount to the market price, as on grant date. • The exact performance targets for vesting have not been disclosed.
- HDFC Mutual FundESOPs are being granted at a significant discount to market price
0 for2 against
1 proposal not matched to one resolution
- Accept Financial Statements and Statutory Reports1 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeCommissioner of Internal Revenue, PhilippinesSince 5 Jun 2025
The Court of Tax Appeals (CTA), Quezon City, issued a communication dated May 19, 2026, indicating that the Notice of Preliminary confereance and Pre-Trial Conference is posted in July, 2026. This action was taken due to the absence of any official response or correspondence from the Bureau of Internal Revenue (BIR) regarding RAMCO’s offer of compromise within the extended deadline. Consequently, the assigned Mediator remanded the case to the Court of Tax Appeals for further proceedings.MoreLess
At the filing before: FY 2017-18 - Ramco System Inc., Philippines ("RSI") a 100% subsidiary of Ramco Systems Limited, India has received a decision from the Commissioner of Internal Revenue ("CIR") dated 29/04/2025, relating to the financial year 2017-18, demanding PHP 60.18 Mln. (approximately Rs.92.89 Mln.), consisting of Income Tax, Value Added Tax, Expanded Withholding Tax, Withholding Tax on Compensation, Documentary Stamp Tax and Final Withholding Tax, and Interest. Petition for review was filed with the Court of Tax Appeals, Quezon City Philippines on 02/07/2025. ________________________________________ RSI had gone for mediation with the CIR with the Court appointed mediator at the Philippine Mediation Centre. Pursuant to this, the Company has filed its offer of Compromise setellement for PHP 8 Mln. (approximately Rs. 12.35 Mln.), on 03-03-2026 with the Bureau of Internal Revenue ("BIR"). The BIR is yet to confirm the acceptance or rejection of RSI's offer.MoreLess
- Tax disputeIncome Tax DepartmentSince 9 Aug 2024
The Transfer Pricing Officer (TPO) issued the Giving Effect Order on June 12, 2026, wherein the transfer pricing adjustment pertaining to the guarantee fee of Rs. 7.78 Mln. was assessed at Nil. and the adjustment in respect of interest on overdue receivables from Associated Enterprises (AEs) of Rs. 0.44 Mln. also reduced to Nil. Also, earlier by way of passing the rectification order u/s 154 dated June 10, 2025 the AO made the demand of Rs. 4.47 Crs to Nil.MoreLess
At the filing before: AY 2020-21 - AO passed an order u/s 143(3) and raised a demand of Rs. 4.47 Crs against the Company, mainly on account of denial of relief u/s 90/91 and omission to give effect to brought forward losses. Appeal was filed before ITAT on 09/08/2024 against the above issues, as well as denial of MAT credit u/s115JAA. In view of the MAT credit matter pending with High Court for earlier years, adjourment was sought for 4 months on 26/11/24 . The case is yet to be taken up for hearing by the ITAT. _________________________________________ Further to the above, the Company has also re-filed the a petition for rectification through the e-filing portal with the Assessing Officer on 06/03/2025 _________________________________________ AO passed rectification order u/s 154 dated 10/06/2025 granting the relief u/s 90/91 and giving effect to brought forward losses. Consequently, the Company has filed a petition for withdrawl of these grounds with ITAT on 21/07/2025 ________________________________________ The Company had filed a petition with ITAT to withdraw the appeal relating to AY 2020-21 relating to the MAT credit u/s 115JAA and ITAT accepted our petition and dismissed the appeal in relation this matter. This was done to facilitate ITAT to consider other matters in the appeal. Accordingly, ITAT passed an order dated 11-03-2026 directing the AO to delete the TP adjustment made on guarantee fee and the adjustment of interest on overdue receivables from AEs.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesFeb 2023, checked by ICRA LIMITED | 160.00 | Repayment, of all or a portion of certain outstanding borrowings including interest thereon availed by our company | 9.75 | 9.75 | No |
| Preferential IssuesFeb 2023, checked by ICRA LIMITED | 160.00 | Sales and Marketing Expenses | 1.00 | 1.00 | No |
| Preferential IssuesFeb 2023, checked by ICRA LIMITED | 160.00 | Capital Expenditure towards Tangible and Intangible assets | 2.00 | 2.00 | No |
| Preferential IssuesFeb 2023, checked by ICRA LIMITED | 160.00 | General Corporate Purpose | 3.25 | 3.25 | No |