This has reference to our letter No. SECT/12/2024/07 dated December 20, 2024, whereby it was informed that R Systems International Limited has entered into an agreement to sale on December 20, 2024 to sell the land and building of the Company, situated at Plot No. C-1 and C-40 situated at Sector 59, NOIDA, Gautam Budh Nagar, Uttar Pradesh along with some assets (hereinafter referred to as the (Said Properties) for a consideration of INR 505,000,000 (Rupees Fifty Crore and Fifty Lakh only).In this regard, we wish to apprise you that the Company has executed the Sale Deed on June 04, 2025 to sell the Said Properties and the said transaction is completed.
RSYSTEMS · price
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On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.5 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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R Systems International has completed the sale of its land and building along with certain assets located at Plot No. C-1 and C-40, Sector 59, NOIDA, for a total consideration of INR 50.5 Crore. The sale deed was executed on June 4, 2025, finalising a transaction that was first announced via an agreement to sell on December 20, 2024. The company has now informed the stock exchanges that the deal is fully completed. R Systems is an IT/ITES company and this was a real estate (property) sale, not a sale of its operating business.
The company will receive INR 50.5 Crore in cash, which could strengthen its balance sheet. However, since the agreement was already disclosed in December 2024, the stock price is likely to have already factored in this transaction, so minimal share price reaction is expected on completion.