R Systems Announces the outcome

December 21, 2018

R Systems Announces the outcome

The Board of Directors of R Systems International Limited at its meeting held on December 21, 2018 has inter alia discussed and approved following:

Took note of the National Company Law Tribunal, New Delhi (“NCLT”) order dated December 07, 2018 approving the scheme of Amalgamation of GM Solutions Private Limited and R Systems International Limited and their respective shareholders and creditors.
Amend the Capital Clause of Memorandum of Association of the Company pursuant to the said scheme of Amalgamation.
Allotment of 29,746,353 equity shares of the Company to the shareholders of GM Solutions Pvt. Ltd. pursuant to the said scheme of Amalgamation.
Cancellation & extinguishment of 29,746,353 equity shares of the Company as held by GM Solutions Pvt. Ltd. pursuant to the said scheme of Amalgamation.
Withdrawal of Scheme of Arrangement between R Systems International Limited and its Shareholder and Creditors as pending before the National Company Law Tribunal, New Delhi.

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

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