R Systems Announces the outcome of the Board Meeting

R Systems Announces its Results for the Quarter & Financial Year ended December 31, 2019

The Board of directors of R Systems International Limited at its meeting held on February 09, 2020 has inter alia transacted the following businesses:

• Approved the audited standalone financial results of the Company for the quarter and financial year ended December 31, 2019.
• Approved the audited consolidated financial results of the Company for the quarter and financial year ended December 31, 2019.
• Approval for continuation of Mr. Satinder Singh Rekhi as the Managing Director of the Company, subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting.
• Approved re-appointment of Mr. Avirag Jain, as Whole-time Director (Designated as Director & Chief Technology Officer) for a period of three years w.e.f. August 03, 2020, subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting.
• Approved the appointment of Mr. Ramneet Singh Rekhi, son of Mr. Satinder Singh Rekhi, Managing Director of the Company, on office or place of profit under Section 188 of the Companies Act, 2013, subject to approval of the Shareholders of the Company at the ensuing Annual General Meeting.
• Approved The Director’s Report of the Company along with annexures thereto for the financial year ended December 31, 2019.
• Took note of the National Company Law Tribunal, New Delhi (“NCLT”) order dated January 28, 2020 approving the scheme of Capital Reduction and pursuant to said Scheme approved the cancellation and extinguishment of 738,980 equity shares of the Company as held by R Systems Employees Welfare Trust.

Results for the Quarter and Financial Year ended December 31, 2019

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For further information please contact:
Bhasker Dubey (Tel No. 0120 – 430 3566)