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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 29, 2011 have recommended the offer and allotment of 10,00,000 Equity Warrants on a Preferential Basis to the promoters with each Warrant convertible into one Equity Share of the Company at nominal value of Rs. 10/- each at a price not less than the applicable minimum price calculated in accordance with SEBI (DIP) Guidelines on Preferential Allotment of Equity Shares / Warrants.
The Board of Directors have authorised Mr. Vijendra Surana, CEO & Company Secretary to act for necessary Statutory Compliances in this connection. |
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