Ramco Systems Limited (NSE: RAMCOSYS, BSE: 532370) has announced a significant milestone in its aviation software division. The company has successfully implemented its Aviation Software at Indamer Technics Private Limited, a leading Indian aviation services provider, in just 45 days.

Swift Implementation and Comprehensive Solution

The rapid implementation at Indamer Technics includes modules for:

• Maintenance
• Engineering
• Supply Chain Management
• Quality
• Contract and Quote Management
• Customer Billing and Finance

This integrated solution has replaced Indamer Technics' legacy systems, providing a unified platform for their operations.

Immediate Benefits Realized

Indamer Technics has already begun to see substantial benefits from the new system, including:

• Enhanced inventory accuracy and visibility
• Effective tracking of open orders and project progress
• Improved billing turnaround time and accuracy
• Streamlined material requirements planning and consumption

Strategic Importance

Ashwani Acharya, Chief Operating Officer of Indamer Technics Private Limited, highlighted the strategic importance of this implementation, stating, "The system now powers every stage of our workflow, from contract execution to aircraft delivery. Thanks to the dedication and seamless collaboration between the teams at Indamer Technics and Ramco, we shall be able to deliver greater value, faster, to our customers."

Ramco's Growing Influence in Aviation

Sam Jacob, Executive Vice President & SBU Head – Aviation, Aerospace and Defense at Ramco Systems, emphasized the significance of this rapid deployment, noting that it "is a testament to the strength of our partnership with Indamer Technics and the robust capabilities built into Ramco Aviation Software."

Ramco Aviation Software has established itself as a trusted solution in the industry, with:

• 24,000+ users globally
• Management of 4,000+ aircraft
• Adoption by 70+ aviation organizations worldwide

About Indamer Technics

Indamer Technics Private Limited is a key player in India's Maintenance, Repair, and Overhaul (MRO) sector, specializing in Airbus A320 family MRO services. The company is strategically located in Nagpur and offers a comprehensive suite of MRO services, including:

• Lease Return Checks
• Heavy C-Checks
• Structural Repairs
• Aircraft Painting

Ramco Systems' Continued Innovation

In addition to this successful implementation, Ramco Systems continues to innovate in the enterprise software space. The company is leveraging cutting-edge technologies such as:

• Artificial Intelligence
• Machine Learning
• RPA (Robotic Process Automation)
• Blockchain

These technologies are helping organizations embrace digital transformation.

This successful implementation at Indamer Technics further solidifies Ramco Systems' position as a leading provider of aviation software solutions, demonstrating their ability to deliver efficient and effective systems in record time.

HDFC Bank, one of India's leading private sector banks, has made two significant announcements that are likely to benefit its shareholders. The bank's Board of Directors has declared a special interim dividend and approved the issuance of bonus shares.

Special Interim Dividend

HDFC Bank's Board has declared a Special Interim Dividend of Rs 5.00 per equity share. The record date for determining the eligibility of shareholders to receive this dividend has been set for July 25.

Bonus Share Issue

In addition to the dividend, the Board has also approved the issuance of bonus equity shares in the ratio of 1:1. This means shareholders will receive one new equity share for every existing share they hold. The record date for the bonus issue has been set for August 27, subject to regulatory approvals and shareholder approval through a postal ballot.

Important Dates and Information

It's important to note that the bonus shares will be allotted only in dematerialized form. Shareholders holding physical shares are required to dematerialize their existing shares by August 25 to be eligible for the bonus issue.

Ramco Systems 28th Annual General Meeting

In a separate announcement, Ramco Systems Limited has published notices for its 28th Annual General Meeting (AGM) to be held on August 13 via video conferencing. The company will provide a remote e-voting facility for shareholders from August 10 to August 12.

These announcements by HDFC Bank and Ramco Systems are likely to be welcomed by their respective shareholders. HDFC Bank shareholders stand to benefit from both the special interim dividend and the bonus share issue. The 1:1 bonus issue, in particular, effectively doubles the number of shares held by each shareholder, although it does not change the proportionate ownership of the company.

Investors and shareholders should take note of the important dates mentioned and ensure they complete any required actions, particularly the dematerialization of physical shares for HDFC Bank shareholders, to fully benefit from these corporate actions.