News May 04, 2012

R Systems Announces the outcome of its Annual General Meeting

Noida, May 04, 2012: The shareholders of R Systems International Limited at the annual general meeting held on May 04, 2012 at Air Force Auditorium, Subroto Park, New Delhi - 110 010 have approved the following items on the agenda of the meeting:

  1. Adopted the audited balance sheet as at December 31, 2011 and the profit and loss account for the year ended on that date together with the reports of auditors and directors thereon;
  2. Declared the final dividend of Rs. 3.60 per equity share on 12,414,106 equity shares of Rs. 10/- each for the year ended December 31, 2011 to all those members who held shares of the Company as on the record date;
  3. Reappointed Lt. Gen. Baldev Singh (Retd.), as the Director of the Company liable to retire by rotation pursuant to Section 256 of the Companies Act, 1956;
  4. Reappointed Mr. Raj Swaminathan, as the Director of the Company liable to retire by rotation pursuant to Section 256 of the Companies Act, 1956;
  5. Reappointed M/s. S. R. Batliboi & Co., Chartered Accountants, as the statutory auditors of the Company to hold office from the conclusion of Eighteenth 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;
  6. Approved the reappointment of and payment of remuneration to Lt. Gen. Baldev Singh (Retd.) as President and Senior Executive 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;
  7. Approved the appointment of Mr. Ramneet Singh Rekhi, son of Mr. Satinder Singh Rekhi, Chairman and Managing Director of the Company, as Assistant Manager – Strategy in R Systems International Limited’s wholly owned subsidiary company i.e. R Systems, Inc., U.S.A. by special resolution.

For further information please contact:
Vikash Kumar Tiwari (Tel No. 0120 - 4082 633)

Submit Query
*
*
*

*
0 *