R Systems International Limited has informed the Exchange regarding Notice of Postal Ballot
RSYSTEMS · price
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R Systems International Limited has issued a Postal Ballot Notice dated June 05, 2025, electronically dispatched on June 06, 2025, to all members as on the cut-off date of June 05, 2025. The Company is seeking shareholder approval by way of a Special Resolution to authorise investments, loans, advances, guarantees and securities up to an aggregate limit of INR 2,000 Crores, exceeding the limits prescribed under Section 186(2) of the Companies Act, 2013. The Board cites strategic flexibility, optimising returns on surplus funds, supporting group entities, and pursuing new opportunities as the rationale. Remote e-voting (facilitated by MUFG Intime India Pvt. Ltd.) begins on June 09, 2025 at 9:00 AM and ends on July 08, 2025 at 5:00 PM, with results to be declared on or before July 10, 2025.
This is an enabling authorisation rather than an immediate commitment of funds, so it does not change current shareholding or cash position. Shareholders should note the expanded INR 2,000 Crores headroom allows the Board wider discretion on future investments or support to group entities, which could be material if large deployments are undertaken.