R Systems Announces the outcome of its Board Meetings
Noida, July 11, 2007: The Board of directors of R Systems International Limited at its meeting held on July 11, 2007 has inter alia unanimously approved the following:
- Grant of 632,500 stock options under R Systems International Limited Employee Stock Option Scheme 2007 as recommended by the Compensation Committee.
- Granted the approval for making an application before the Central Government under sub section (8) of section 212 of the Companies Act, 1956 for seeking exemption from the provisions of section 212 of the Companies Act, 1956 with respect to the current financial year ending on December 31, 2007.
For
further information please contact:
Nand Sardana (Tel No. 0120 - 430
3506)
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