Enterprise software provider Ramco Systems Limited has been selected by Royal Jordanian Airlines to implement its next-generation Aviation Software. The partnership aims to support the national carrier’s operational efficiency and fleet reliability as it scales its business.

The agreement was announced on August 24, 2026, following a comprehensive evaluation of global aviation software solutions. Ramco Systems FZ - LLC, a subsidiary of Ramco Systems, will provide the platform to enhance control and compliance through centralized technical documentation.

Scope of Implementation

Ramco Aviation Software will serve as a single, unified digital platform for Royal Jordanian. The solution covers multiple critical modules including Engineering and CAMO, Maintenance (Line, Hangar, and Shop), Supply Chain Management, Safety, Quality and Compliance, and MRO and Part Sales.

Key features include:

• Digital task cards, mobility tools, and dashboards tailored to Royal Jordanian’s operations.
• Real-time visibility to enable paperless operations and enhance agility.
• Seamless integration with the airline’s existing IT landscape for smooth data flow across functions.

Strategic Context

Samer Majali, Vice Chairman and CEO of Royal Jordanian Airlines, stated that digital transformation is a key pillar of the airline’s growth strategy. He noted that as the carrier modernizes its fleet and expands its network, investing in advanced technologies is essential to improve efficiency and maintain safety standards.

Sandesh Bilagi, Chief Executive Officer of Ramco Systems, highlighted that the selection reflects trust in Ramco’s understanding of airline operations at scale. He added that investments in next-generation technologies such as AI and agentic automation will help Royal Jordanian achieve greater operational resilience.

Market Position

Ramco Aviation Software is currently trusted by over 24,000 users to manage more than 4,000 aircraft globally. The platform serves over 90 aviation organizations, including top airlines, third-party MROs, large helicopter operators, defense organizations, and urban air mobility companies. The solution is available on the cloud with 'Anywhere Apps' to accelerate organizational efficiency.

Ramco Systems shareholders approved the Employee Stock Option Scheme 2026 (ESOS 2026) and three other resolutions at its 29th Annual General Meeting held on August 20, 2026. The voting results were declared on August 21, 2026.

The meeting commenced at 3:00 pm and concluded at 3:40 pm, with Chairman P R Venketrama Raja presiding. A total of 67 members attended through video conferencing, comprising 9 from the promoter and promoter group and 58 from the public. The record date for determining voting eligibility was August 13, 2026, on which date the total number of shareholders stood at 36,652. Remote e-voting was available from August 17, 2026 to August 19, 2026.

Key resolutions passed

Shareholders passed two ordinary resolutions covering routine business and two special resolutions focused on employee compensation. The following table summarises the outcome of each resolution.

Detailed voting results

All 2,30,30,055 votes polled were valid across each of the four resolutions, representing 61.26% of outstanding shares. The promoter and promoter group, holding 2,08,63,500 shares, voted 100% in favour on all four resolutions. Public institutional shareholders, holding 50,21,347 shares, voted entirely in favour on Resolutions 1 and 2, but cast all 12,76,208 votes against Resolutions 3 and 4.

Employee Stock Option Scheme 2026 details

The approved ESOS 2026 authorises the Board to grant up to 15,00,000 employee stock options, exercisable into equity shares of face value ₹10 each. The scheme covers employees and directors of Ramco Systems and its group, subsidiary, and associate companies in India or abroad.

Key terms of the scheme include:

• Vesting Period: Options vest starting from one year after the grant date, extending up to a maximum of ten years from the grant date.
• Exercise Price: Determined by the Nomination and Remuneration Committee (NRC) at the time of grant, linked to the Market Price. The price shall not exceed the Market Price and shall not be less than the face value of the share.
• Exercise Period: Options can be exercised within a maximum period of ten years from the date of respective vesting.
• Eligibility: Employees designated by the Company working in India or abroad, and Directors (excluding Independent Directors). Promoters and those holding more than 10% of outstanding equity shares are excluded.
• Caps: Non-executive directors may receive up to 3,00,000 options per annum, with an aggregate cap of 5,00,000 options under the scheme. No individual employee can receive more than 1% of issued equity share capital without separate shareholder approval.

Shares issued under the scheme will rank pari passu with existing equity shares and will be implemented through fresh allotment via a cash mechanism. There is no lock-in period for shares allotted upon exercise. The NRC will administer the scheme as the Compensation Committee under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Governance and compliance

A V Dharmakrishnan (DIN: 00693181), who retires by rotation, was reappointed as a Non-Executive Director on the recommendation of the Nomination and Remuneration Committee. Statutory Auditors M S Jagannathan & N Krishnaswami issued reports without qualifications or adverse remarks. Srinivasan Krishnaswami, Chartered Accountant and Partner of M S Jagannathan & N Krishnaswami, served as the independently appointed Scrutinizer for the voting process and issued the consolidated scrutinizer's report on August 21, 2026. Voting results were filed with the stock exchanges in compliance with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE246B01019/b615fbac-4c35-4122-9995-f4b094f11afa.pdf