R Systems International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 24, 2008, inter alia, to transact the following business:

1. To consider and approve the audited financial results of the Company for the financial year ended December 31, 2007 and also take note of the results for the last quarter ended on December 31, 2007.

2. To consider and recommend the payment of dividend, if any, for the financial year ended December 31, 2007.

3. To consider, discuss and approve the remuneration payable to Mr. Satinder Singh Rekhi, Chairman & Managing Director of the Company.

4. To consider, discuss and approve the remuneration payable to Mr. Sartaj Singh Rekhi, Executive Manager of R Systems, Inc. wholly owned subsidiary of the Company.

5. To consider, discuss & approve the rescheduling of the object clause as stated in the prospectus and subsequently revised subject to the approval of the shareholders in general meeting.

6. To consider, discuss and approve opening of a branch office in Netherlands, Europe.

7. To consider, discuss and approve opening of a branch office in Japan.