Ramco Systems: Financial Results 31St March 2017

The Meeting of our Board of Directors held today (May 30, 2017), approved the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2017.

In accordance with Point No: A - 4 of Annexure I of SEBI Circular No: CIR/CFD/CMD/4/2015 dated September 09, 2015, we wish to inform the following:

Time of commencement of the Board Meeting - 2.45 P.M.
Time of completion of the Board Meeting - 6.00 P.M.

Pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we also enclose the following, duly approved by the Board:
1. Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2017.
2. Auditors Report on the Standalone Financial Results for the year ended March 31, 2017.
3. Auditors Report on the Consolidated Financial Results for the year ended March 31, 2017.

Pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the declaration duly signed by our Chief Financial Officer that the Audit Reports issued by the Statutory Auditors on the Standalone and Consolidated Annual Financial Results for the year ended 31.3.2017 were with unmodified opinions.

We send herewith a copy of the Press Release on performance of the Company for the year ended 31.03.2017.

Pursuant to Clause 7 of Schedule III, Part A, Para A, read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to inform you that the term of office of the retiring statutory auditors is expiring at the conclusion of the forthcoming 20th Annual General Meeting and that they are not eligible for reappointment as per Section 139(2)(b) of the Companies Act, 2013. The Board of Directors have proposed the appointment of M/s.M.S.Jagannathan & N. Krishnaswami, Chartered Accountants as Statutory Auditors of the Company to hold office from the conclusion of 20th Annual General Meeting of the Company till the conclusion of 25th Annual General Meeting of the Company. A brief profile of the Auditors in accordance with Clause 7 of Schedule III, Part A, Para A, read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is enclosed. The proposal is subject to approval of shareholders at the forthcoming 20th Annual General Meeting and subject to ratification by the shareholders at every intervening Annual General Meeting.

The Board of Directors are scheduled to meet on 4th June 2017 to consider convening the 20th Annual General Meeting of the Company.