News August 01, 2012

R Systems Announces its Board & Committee Meeting to inter alia consider the following

Noida, August 01, 2012 : The meeting of Committee of Independent Directors for Open Offer is scheduled to be held on Sunday, August 05, 2012 to discuss, analyse and give reasoned recommendations on the Open Offer given by Mr. Bhavook Tripathi for acquisition of 26% Equity shares of the Company pursuant to Public Announcement dated December 15, 2011; Detailed Public Statement dated December 22, 2011 and Supplemental Public Announcement dated March 13, 2012 in accordance with the provisions of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Further a meeting of Board of Directors will be held on August 05, 2012 to transact inter alia the allotment of equity shares pursuant to the exercise of the stock options granted to the employees of the Company under R Systems International Ltd Employee Stock Option Scheme 2007.

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

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