News October 30, 2010
R Systems Announces its Results for the Quarter & Nine Months ended September 30, 2010
Noida, October 30, 2010: The Board of Directors of R Systems
International Limited at its meeting held on October 30, 2010 has inter alia
approved the following:
- Audited standalone financial results for the quarter and nine months ended September 30, 2010.
- Unaudited consolidated financial results for the quarter and nine months ended September 30, 2010.
- Reappointment and remuneration of Mr. Satinder Singh Rekhi as the Chairman
and Managing Director of the Company.
- Scheme for corporate restructuring of its two subsidiaries based in Singapore
viz ECnet Limited and R Systems (Singapore) Pte Limited subject to applicable
corporate and other regulatory approvals in India and Singapore. The proposed
corporate restructuring involves conversion of loan by the Company to ECnet
Limited into equity investment and thereafter amalgamation of both these
subsidiaries.
For further information please contact:
Suresh Kumar Bhutani (Tel No. 0120 - 4082 633)