NEWS SEPTEMBER 23, 2014

R Systems Announces the Postal Ballot Result

Noida, September 23, 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 July 26, 2014 has been passed by the members of the Company through voting by way of Postal Ballot including e-voting:

  1. Transfer of Indus Business Unit to R System Products & Technologies Limited, a wholly owned subsidiary of R Systems International Limited on a slump sale basis under Section 180(1)(a) read with Section 188 of the Companies Act, 2013 and Rules made there under.

Based on the Scrutinizer’s Report dated September 22, 2014 of M/s. Sanjay Grover & Associates, Practicing Company Secretary, the result of the Postal Ballot was declared at 4.00 P.M. on September 23, 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) 312 113,128,849 113,128,849 88.8210
(b) Less : Invalid Votes (as per register) 28 126,818 126,818 0.0996
(c) Net Valid Votes (as per Register) 284 113,002,031 113,002,031 88.7215

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)
1 113,002,031 112,976,185 99.9771

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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