R Systems Announces the outcome

The Board of Directors of R Systems International Limited at its meeting held on December 20, 2014 has inter alia approved the following:

1. Resignation of Mr. Vikash Kumar Tiwari as the Company Secretary and Compliance Officer of the Company effective December 20, 2014.
2. Appointment of Mr. Ashish Thakur as the Company Secretary and Compliance Officer of the Company effective December 20, 2014.
3. Proposal for Buy-back of the equity shares of the Company under first proviso to clause (b) of sub-section (2) of Section 68 of the Companies Act, 2013 with inter alia the following terms:
       a) The total consideration amount for Buy-back shall not exceed Rs. 600 lakhs.
       b) The total number of shares for Buy-back shall not exceed 9,500,000 equity shares and
       c) The Buy-back price per equity share shall not exceed Rs. 100 per equity share
4. Payment of fourth interim (special) dividend for the year 2014 at the rate of Rs. 2.55 (Rupee Two and Fifty Five Paise only) per equity share of Re. 1/- each. Fourth Interim (special) Dividend will be paid on January 12, 2015 to those shareholders of the Company, whose names appear in the Register of Members as on the Record Date fixed in this regard i.e. December 29, 2014.

For further information please contact:
Ashish Thakur (Tel No. 0120 – 4082 633)