News May 25, 2011
R Systems Announces the outcome of its Annual General Meeting
Noida, May 25, 2011:The shareholders of R Systems International
Limited at the annual general meeting held on May 25, 2011 at Air Force Auditorium,
Subroto Park, New Delhi - 110 010 have approved all the items on the agenda of the
meeting as stated below:
- Adopted the audited balance sheet as at December 31, 2010 and the profit and loss
account for the year ended on that date together with the reports of auditors and
directors thereon;
- Declared the final dividend of Rs. 2.40 per equity share on 12,316,886 equity
shares of Rs. 10 each for the year ended December 31, 2010 to all those members who
held shares of the Company as on the record date;
- Reappointed Mr. Gurbax Singh Bhasin, as the Director of the Company pursuant to
Section 256 of the Companies Act, 1956;
- Reappointed Mr. Suresh Paruthi, as the Director of the Company pursuant to Section
256 of the Companies Act, 1956;
- Appointed M/s. S. R. Batliboi & Co., Chartered Accountants, as the statutory
auditors of the Company in place of the retiring statutory auditors M/s. S. R.
Batliboi & Associates, to hold office from the conclusion of Seventeenth Annual
General Meeting until the conclusion of the next Annual General Meeting and authorised
the board of directors of the Company to fix their remuneration;
- Approved the reappointment of and payment of remuneration to Mr. Satinder Singh
Rekhi as Chairman & Managing Director of the Company pursuant to Section 198, 269
read with Schedule XIII, 309, 311 and other applicable provisions of the Companies Act,
1956 by special resolution;
- Approved the alterations in the Articles of Association of the Company as detailed in the notice, by special resolution.
For further information please contact:
Suresh Kumar Bhutani (Tel No. 0120 )