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| Exchange Disseminated Time | R.S. Software (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 31, 2012, inter alia, has transacted the following;
1. Recommended, allotment of 1550000 convertible Warrants to the Promoter on Preferential basis pursuant to SEBI (ICDR) Guidelines on Preferential Allotment of Equity Shares / Warrants. The said warrants shall be convertible into Equity Share of the Company with nominal value of Rs. 10/- each, at a price not less than the applicable minimum price to be calculated in accordance with SEBI (ICDR) Guidelines on Preferential Allotment of Equity Shares / Warrants, The said issue will be subject to shareholders' approval to be obtained through Postal Ballot.
2. Declared an interim Dividend @ 10% i.e. Re. 1/- per share to the equity shareholders of the Company pursuant to the provisions of Companies Act 1956 and other applicable Laws. |
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