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R Systems Announces its Board Meeting to inter alia consider the following
Noida,
February 24, 2008: The Board of directors of R Systems
International Limited at its meeting held on February 24,
2008 had inter alia transacted the following businesses:
- Approved the audited financial
results of the Company for the financial year ended December
31, 2007 and took on records the financial results for
the fourth quarter ended on December 31, 2007.
- Approved the audited consolidated
financial results of the Company for the financial year
ended December 31, 2007 and took on records the consolidated
financial results for the fourth quarter ended on December
31, 2007.
- Recommended a final dividend
of Rs. 1.80/- per equity share (being 18% on the par value
of Rs. 10/- per share), to be appropriated from the profits
for the financial year ended December 31, 2007 subject
to the approval of the shareholders at the ensuing Annual
General Meeting.
- Approved the remuneration payable
to Mr. Satinder Singh Rekhi as Chairman and Managing Director
of the Company.
- Approved the remuneration payable
to Mr. Sartaj Singh Rekhi, Executive Manager of R Systems,
Inc., a wholly owned subsidiary of R Systems International
Limited.
- Approved the rescheduling of
the object clause as stated in the prospectus and subsequently
revised subject to the approval of the shareholders at
the ensuing Annual General Meeting.
- Granted the approval for opening of a branch office
in Netherlands, Europe.
- Granted the approval for opening of a branch office
in Japan.
- Approved an additional investment in / loan to ECnet
Limited, Singapore, a subsidiary of R Systems International
Limited.
R
Systems International Limited Audited Results for FY 2007
Press
Release
R
Systems Investor Presentation Q4-2007
For further information please contact:
Nand Sardana (Tel No. 0120 - 430
3506)
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