Ramco Systems Limited has scheduled its 29th Annual General Meeting (AGM) for August 20, 2026, to transact ordinary and special business, including the approval of a new employee stock option scheme and the re-appointment of a director. The meeting will be held via Video Conferencing, allowing shareholders to participate remotely. This follows the company’s submission of its Annual Report for FY26, which marked a return to full-year profitability with consolidated profit after tax reaching ₹418.40 Mln, compared to a loss of ₹(342.48) Mln in the previous year.

AGM Schedule and E-Voting Details

Shareholders holding shares as of the cut-off date of August 13, 2026, are eligible to vote. Remote e-voting will be available from 09:00 A.M. on Monday, August 17, 2026, until 05:00 P.M. on Wednesday, August 19, 2026, through the CDSL e-voting platform. The meeting itself is scheduled for 03:00 P.M. on Thursday, August 20, 2026.

Special Business: ESOS 2026 Approval

A key item on the agenda is the approval of the Employee Stock Option Scheme – 2026 (ESOS 2026). The Board seeks shareholder consent via a Special Resolution to grant up to 15,00,000 Employee Stock Options (Options) to eligible employees and directors. These options are convertible into an equal number of equity shares with a face value of ₹10 each. The scheme aims to attract, reward, and retain talent by aligning employee goals with organizational objectives.

Under the scheme, non-executive directors (excluding independent directors) may be granted up to 3,00,000 Options per annum and up to 5,00,000 Options in aggregate. The vesting period commences one year from the grant date and extends up to ten years. The exercise price will be determined by the Nomination and Remuneration Committee, linked to the market price but not less than the face value of the share. The scheme will be implemented through direct fresh allotment by the company.

Director Re-Appointment

The AGM will also consider the re-appointment of Mr. A V Dharmakrishnan (DIN: 00693181), who retires by rotation. A Chartered Accountant with four decades of experience, Mr. Dharmakrishnan has been associated with The Ramco Cements Limited since 1982 and serves as its Chief Executive Officer. He has been a director of Ramco Systems since January 31, 2008. As of March 31, 2026, he holds 195,692 shares in the company. His re-appointment is subject to retirement by rotation.

FY26 Financial Performance Recap

The AGM coincides with the adoption of audited financial statements for FY26. Consolidated revenue from operations rose 18% year-on-year to ₹7,009.52 Mln from ₹5,913.42 Mln. Consolidated EBITDA stood at ₹1,443.27 Mln with margins at 21%. The HR & Payroll segment contributed ₹2,976.15 Mln, Aviation added ₹2,399.39 Mln, and ERP generated ₹1,633.98 Mln. The Board did not recommend a dividend for FY26.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE246B01019/cebff267-9a8f-4981-9447-741f7e71081b.pdf

Ramco Systems Limited reported a consolidated income of USD 18.61m for the first quarter of FY27, with revenue from operations reaching USD 18.38m (₹1.73B), up from ₹1.61B in the same period last year. The Chennai-based enterprise software company posted an EBITDA of USD 2.94m (₹254M) and a net profit after tax of USD 0.06m (₹6M) for the quarter ended June 30, 2026. On a year-on-year basis, both profitability metrics declined, with net profit falling from ₹11M and EBITDA contracting from ₹290M, while EBITDA margin narrowed to 14.71% from 18.01%. Despite the margin pressure, the results highlight a robust recurring revenue stream of USD 12.15m, accounting for approximately 66% of total revenue, indicating increasing predictability in the company's earnings profile. The unexecuted order book stood at USD 152.3m, offering substantial visibility for future revenue realization.

The filing was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and hosted on the National Stock Exchange of India Ltd. and BSE Ltd. on July 23, 2026. The press release, signed by Company Secretary Mithun V, details the financial performance alongside key business developments across global markets.

Financial Highlights

The table below presents the key financial metrics for the quarter, including year-on-year comparisons where available.

Business Developments

Ramco Systems secured several key contracts during the quarter, reinforcing its presence in aviation, payroll, and supply chain sectors. A leading U.S.-based engine MRO and component services provider selected Ramco Aviation Software to streamline its operations. In the payroll segment, a global financial services provider engaged Ramco to transform payroll operations across its Indian offices, while Ramco Payce was implemented at a multinational food delivery and quick-commerce company, covering employees across seven Asian countries. Furthermore, the company modernized payroll operations for the Indonesian workforce of a global pharmaceutical and diagnostics pioneer.

Strategic Outlook

Abinav Raja, Managing Director of Ramco Systems, emphasized the company's transition toward becoming an AI-native entity. He stated that artificial intelligence is now integral to product development, enhancing engineering productivity and enabling more intelligent enterprise applications. This strategic focus aims to strengthen competitive positioning and deliver greater value to customers.

Sandesh Bilagi, CEO of Ramco Systems, noted strong customer interest reflected in healthy pipeline growth. He highlighted that the acceleration of recurring revenue is making performance less dependent on the timing of new order wins. While acknowledging that geopolitical uncertainty has lengthened decision cycles in some regions, Bilagi expressed confidence in improving momentum driven by a solid opportunity base and disciplined execution.

What the Numbers Show

The dominance of recurring revenue (USD 12.15m) over total revenue (USD 18.38m) suggests a maturing business model with higher retention rates. With nearly two-thirds of income derived from recurring sources, the company's cash flow visibility has improved significantly. However, the year-on-year contraction in EBITDA from ₹290M to ₹254M and the decline in EBITDA margin from 18.01% to 14.71% point to rising cost pressures during the quarter. The large unexecuted order book of USD 152.3m further de-risks future quarters, as it represents contracted work yet to be billed, providing a buffer against potential slowdowns in new deal closures due to geopolitical headwinds.