Held on 20 December 2014
R Systems International announced that the Board of Directors of the Company at its meeting held on 20 December 2014, inter alia, has approved the following:1. Resignation of Vikash Kumar Tiwari as the Company Secretary and Compliance Officer of the Company effective 20 December 2014.
2. Appointment of Ashish Thakur as the Company Secretary and Compliance Officer of the Company effective 20 December 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. 6 crore.
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 12 January 2015.
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