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An announcement from Ramco Systems Limited ( (IN:RAMCOSYS) ) is now available.
Ramco Systems Limited has approved the allotment of 24,587 equity shares following the exercise of employee stock options granted under its 2013, 2014, and 2022 Employee Stock Option Schemes. As a result, the company’s paid-up equity share capital has risen from Rs. 37,55,93,910 to Rs. 37,58,39,780, with the total number of equity shares increasing from 3,75,59,391 to 3,75,83,978.
The move reflects ongoing utilization of stock-based compensation to incentivize employees and marginally expands the company’s equity base, leading to slight dilution for existing shareholders. Ramco Systems plans to seek listing and trading approval for the newly allotted shares, after which they will become part of the company’s freely tradable securities on the Indian stock exchanges.
More about Ramco Systems Limited
Ramco Systems Limited is an India-headquartered enterprise software company, offering cloud-based ERP, HR, and global payroll solutions to clients across multiple regions. The company operates through a network of global offices spanning Asia-Pacific, the Middle East, North America, Europe, and Africa, serving a diversified international customer base.
Average Trading Volume: 5,433
Technical Sentiment Signal: Hold
Current Market Cap: 14.7B INR
See more insights into RAMCOSYS stock on TipRanks’ Stock Analysis page.