R Systems Announces the outcome of its Board Meeting

The Board of Directors of R Systems International Limited at its meeting held on July 07, 2014 has inter alia approved the following

1. Appointment of Mrs. Ruchica Gupta as Additional Director (Non-executive Woman Director) of the Company to hold office upto the next Annual General Meeting of the Company.
2. Appointment of Mr. Amardeep Singh as Additional Director (Non-executive Independent Director) of the Company to hold office upto the next Annual General Meeting of the Company.
3. Approval for the offer of buy-back of its own shares by Computaris International Limited, U.K. which is a wholly owned subsidiary of R Systems International Limited, subject to statutory compliances and approvals, as may be applicable. It is clarified that Wholly owned subsidiary of R Systems International Limited (RSIL) i.e. Computaris International Limited U.K. will purchase its own 13,500 shares (16.88%) held by RSIL and even after the said purchase of its own shares, Computaris International Limited will still continue to be 100% subsidiary of RSIL. It is further clarified that this disclosure is not by any means to be construed as offer of buy-back of shares by R Systems International Limited to its shareholders.

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