News February 09, 2012
R Systems Announces its Results for the Quarter & Financial Year ended December 31, 2011
Noida, February 09, 2012: The Board of directors of R Systems International Limited at its meeting held on February 09, 2012 has inter alia approved the following:
- Approved the audited standalone financial results of the Company for the quarter and financial year ended December 31, 2011.
- Approved the audited consolidated financial results of the Company for the financial year ended December 31, 2011 and approved the unaudited (refer Note 18 of the Consolidated Financial Results) consolidated financial results for the fourth quarter ended December 31, 2011.
- Recommended a final dividend of Rs. 3.60 per equity share (being 36% on the par value of Rs. 10 per share), to be appropriated from the profits for the financial year ended December 31, 2011, subject to the approval of shareholders at the ensuing Annual General Meeting. Pursuant to the provisions of Clause 20 (as amended) of the Listing Agreement, the date of payment of dividend will be intimated along with the declaration of dates for book closure and Annual General Meeting.
- Reappointment and remuneration of Lt. Gen. Baldev Singh (Retd.) as President and Senior Executive Director of the Company.
- Discussed and approved the proposal to appoint M/s The Chugh Firm, AAC as Auditors of the wholly owned subsidiary companies of R Systems International Limited viz. R Systems Inc., U.S.A., Indus Software Inc. U.S.A. and R Systems Solutions Inc., U.S.A.
For further information please contact:
Vikash Kumar Tiwari (Tel No. 0120 - 4082 633)