R Systems International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 24, 2008, inter alia, has transacted the following:

1. Recommended a final dividend of Rs 1.80/- per equity share (being 18% on the par value of Rs 10/- per share), to be appropriated from the profits for the financial year ended December 31, 2007 subject to the approval of the shareholders at the ensuing Annual General Meeting.

2. Approved the remuneration payable to Mr. Satinder Singh Rekhi as Chairman and Managing Director of the Company.

3. Approved the remuneration payable to Mr. Sartaj Singh Rekhi, Executive Manager of R Systems, Inc., a wholly owned subsidiary of the Company.

4. Approved the rescheduling of the object clause as stated in the prospectus and subsequently revised subject to the approval of the shareholders at the ensuing Annual General Meeting.

5. Granted the approval for opening of a branch office in Netherlands, Europe.

6. Granted the approval for opening of a branch office in Japan.

7. Approved an additional investment in / loan to ECnet Ltd, Singapore, a subsidiary of the Company.