R Systems International Board recommends final dividend

R Systems International Ltd has announced that the Board of Directors of the Company at its meeting held on March 03, 2007, inter alia, has unanimously approved the following:

1. Rescheduling of the object clause as stated in the prospectus subject to the approval of the shareholders in general meeting.

2. Temporarily investment of IPO surplus funds in fixed/term deposits with Schedule Banks in additions to Nationalized Banks subject to the approval of the shareholders in general meeting.

3. Recommended a final dividend of Rs 1.20/- per equity share (being 12% on the par value of Rs 10/- per share), to be appropriated from the profits of the Company for the financial year 2006 subject to the approval of the shareholders at the ensuing Annual General Meeting.

Source : Equity Bulls

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