Page 2 - Ramco Systems
P R Venketrama Raja takes over as chairman of Ramco Systems
His son, P V Abinav Ramasubramaniam Raja, joins as additional director in the company
 "P R Venketrama Raja takes over as chairman of Ramco Systems")
Ramco Systems surges on signing deal with Panasonic Group
The stock rallied 10% to Rs 382 on the BSE in intra-day trade
 "Ramco Systems surges on signing deal with Panasonic Group")
Ramco Systems hits 52-week low on weak Q1 earnings
The stock plunged 16% to Rs 549 after the company posted 69% YoY decline in profit at Rs 90 lakh in Q1FY17.
 "Ramco Systems hits 52-week low on weak Q1 earnings")
Ramco Systems sets up subsidiary in Philippines
Ramco Systems is setting up a subsidiary, Ramco System Inc, in Philippines to carry on the business operations in that country.The company, in a regulatory filing today said that the initial subscription to share capital will be 11.75 million Pesos. The investment will be under automatic route of Foreign Exchange Management Act, 1999 and related regulations. The investment is subject to necessary regulatory approvals in respective overseas jurisdiction, it said.The process of setting up the subsidiary is expected to complete in two months.Ramco Systems, part of the $1 Billion Ramco Group of companies, is an enterprise software player offering cloud and mobile-based enterprise software in the area of HCM and Global Payroll, ERP and M&E MRO for Aviation. Ends
 "Ramco Systems sets up subsidiary in Philippines")
