R Systems International Ltd. has informed that the Board of Directors of the Company at its meeting held on June 9, 2015 has inter alia approved the following: 1. Allotment of 90,000 equity shares of Re. 1/- each at the price of Rs. 12.07 per share pursuant to the exercise of the stock options granted to the employees of the Company & its subsidiaries under R Systems International Ltd. Employee Stock Option Scheme 2007. 2. Adoption of "Code of Practices and Procedures for Fair Disclosures of Unpublished Price Sensitive Information" formulated under Regulation 8 of SEBI (Prohibition of Insider Trading) Regulation 2015, which has been uploaded on the website of the Company and Adoption of "Conduct for Internal Procedures and to Regulate, Monitor and Report Trading by Insiders" formulated under Regulation 9 of SEBI (Prohibition of Insider Trading) Regulation 2015. Both the codes came into effect from May 15, 2015. 3. Further investment up to Rs. 10 Lakhs in R Systems Products & Technologies Private Ltd. (Wholly Owned Subsidiary of R Systems International Ltd.). 4. Setting up of a Branch Office/ Subsidiary of R Systems International Ltd. in New Zealand by investing up to New Zealand dollar (NZD) 250,000. Further, Board has also taken note of the following: 1. Conversion of R Systems Products & Technologies Ltd. from Public Ltd. Company into Private Ltd. Company (Wholly Owned Subsidiary of R Systems International Ltd.). 2. Change of Name of Indus Software Inc. (Wholly Owned Subsidiary of R Systems International Ltd.) to R Systems Technologies Ltd..
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