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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)
