NEWS DECEMBER 16, 2014

R Systems Announces the Postal Ballot Result

Noida, December 16, 2014: Pursuant to Section 110 of the Companies Act, 2013, read with the Companies (Management & Administration) Rules, 2014, the following Special Resolution as proposed vide Postal Ballot Notice dated October 29, 2014 has been passed by the members of the Company through voting by way of Postal Ballot including e-voting :

  1. Payment of remuneration to Mr. Satinder Singh Rekhi as Managing Director of the Company pursuant to Section 197 read with Schedule V, Section 196 and 198 of the Companies Act, 2013 and the Rules made thereunder.

Based on the Scrutinizer’s Report dated December 15, 2014 of M/s. Sanjay Grover & Associates, Practicing Company Secretary, the result of the Postal Ballot was declared at 4.00 P.M. on December 16, 2014 at the registered office of the Company as follows:

Particulars No. of Shareholders No. of Equity Shares Paid-up value of the Equity Shares (In Rs.) % of Total Paid-up Equity Capital
(a) Total Votes Received (including e-votes) 300 112,953,802 112,953,802 88.6836
(b) Less : Invalid Votes (as per register) 17 43,337 43,337 0.0340
(c) Net Valid Votes (as per Register) 283 112,910,465 112,910,465 88.6496

As per the Scrutinizer’s Report, on reckoning the voting rights of the shareholders on the basis of the paid up value of the shares registered in their names, total percentage of assent of total valid votes in respect of the resolution(s) are as under:

Resolution Number Total Valid Votes (A) Votes with Assent (B) Percentage (B/A*100)
1 112,910,465 112,890,070 99.9819

The Special Resolution in relation to the aforesaid matter has, therefore, been approved by the shareholders with the requisite majority.

For further information please contact:
Vikash Kumar Tiwari (Tel No. 0120 - 4082 633)

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